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\tz, <br /> ffitElk Meeting of the Elk River EDA Finance Committee <br /> River Held at the Elk River City Hall <br /> Tuesday,July 25, 2017 <br /> Members Present: Larry Toth, Ryan Hardin,Dan Tveite,Jim Gromberg,Bryan Provo, Chad <br /> Vitzthum, Nate Ovall,and Michelle Eder <br /> Members Absent: None <br /> Staff Present: ' Amanda Othoudt, Economic Development Director and Colleen Eddy, <br /> Economic Development Specialist <br /> Others Present: Rhonda Magnussen (7:47 am) <br /> 1. ° Call Meeting to Order <br /> Pursuant to due call and notice thereof, the,meeting of the Elk River Finance Committee <br /> was called to order at 7:32 a.m. <br /> 2. Consider Agenda • <br /> Motion by Ovall and seconded by Gromberg to approve the agenda. Motion carried <br /> 8-0. <br /> 3.0 Consent Agenda <br /> Motion by Toth and seconded by Gromberg to approve the consent agenda. Motion <br /> carried 8-0. <br /> 4.1 Application for Committee—Rhonda J. Magnussen <br /> Ms. Othoudt presented the staff report and reviewed Rhonda's application. She also <br /> introduced Michelle Eder to the group as the newly appointed HRA representative. The <br /> group discussed Rhonda's application. <br /> Motion by Thoth and seconded by Gromberg to approve Rhonda J. Magnussen's <br /> appointment to the Joint Finance Committee. Motion carried 8-0. <br /> 5.1 Announcements <br /> 5.1 Ethanol Technology Verbal Update <br /> Ms. Othoudt gave a verbal overview of this case. Currently there is talk of facilitating a <br /> mediation with both parties. Ms. Othoudt is working with our legal representative at <br /> Campbell Knutson and will keep the group updated and any-future activities. Mr. Provo <br /> asked how much the city has spent on collecting on this debt. Ms. Othoudt stated that the <br /> city has spent around$8,000 so far. Mr. Hardin asked if the outstanding funds could be <br /> assessed to the company's taxes. Ms. Othoudt stated that that was not an option in this case. <br />