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<br />Meeting of the Elk River EDA Finance Committee <br />Held at the Elk River City Hall <br /> <br />Tuesday, July 26, 2016 <br /> <br />Members Present: Nate Ovall, Dan Tveite, Jennifer Wagner, Paul Motin, Larry Toth, Ryan <br />Hardin and Chad Vitzhum <br /> <br />Members Absent: None <br /> <br />Staff Present: Amanda Othoudt, Economic Development Director and Colleen Eddy, <br />Economic Development Specialist <br /> <br /> <br />1. Call Meeting to Order <br /> <br />Pursuant to due call and notice thereof, the meeting of the Elk River Finance Committee <br />was called to order at 7:34 a.m. <br /> <br />2. Consider Agenda <br /> <br />Motion by Motin and seconded by Wagner to approve the revised agenda. Motion <br />carried 4-0. <br /> <br />3.0 Consent Agenda <br /> <br />Motion by Motin and seconded by Wagner to approve the Consent Agenda including <br />the June 28, 2016 meeting minutes. Motion carried 4-0. <br />Members Toth, Ovall, and Vitzhum arrived at 7:38 a.m. <br /> <br />4.1 EDA Financial Policy Review <br /> <br />Ms. Othoudt presented the staff report and highlighted some of the revisions that were <br />made to the Tax Increment Financing (TIF) Policy and Application. Commissioners had <br />various revisions and discussed the importance of keeping the verbiage consistent in all the <br />policies. At the next meeting the commission will review the Tax Abatement policy. <br /> <br />5.0 Announcements <br /> None <br /> <br />6. Adjournment <br />Chair Tveite departed the meeting at 8:15 a.m. <br /> <br />There being no further business, motion by Motin and seconded by Wagner to adjourn the <br />meeting at 8:38 a.m. <br /> <br />Minutes prepared by Colleen Eddy. <br /> <br /> <br /> <br />