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<br /> <br />Meeting of the Elk River Joint Finance Committee <br /> <br />Held at Elk River City Hall <br /> Held in person <br />Tuesday, November 24, 2020 <br /> <br /> <br />Members Present: Ryan Hardin, Charlie Blesener (via phone), Chad Vitzthum (via phone), <br />Rhonda Magnussen (via phone) and Larry Toth <br /> <br />Members Absent: Dan Tveite, Michelle Eder, and Nate Ovall <br /> <br />Staff Present: Colleen Eddy, Economic Development Specialist <br /> <br />Others Present: Mikaela Huot, Baker Tilly and applicant Terry Morrell, Scott Morrell, LLC <br /> <br /> <br />1. Call Meeting to Order <br /> <br />Pursuant to due call and notice thereof, the meeting of the Elk River Joint Finance <br />Committee was called to order by HRA Chair Larry Toth at 7:49 a.m. <br /> <br />2. Consider Agenda <br /> <br />Motion by Hardin and seconded by Vitzhum to approve the Joint Finance <br />Committee agenda. Motion carried 5-0. <br /> <br />3. Consent Agenda <br /> <br />Motion by Hardin and seconded by Vitzhum to approve the September 29, 2020 Joint <br />Finance Committee meeting minutes. Motion carried 5-0. <br /> <br />4.1 Morrell Companies Microloan Extension <br /> <br />Ms. Eddy presented the staff report. <br /> <br />Ms. Huot presented the financial analysis. The committee discussed the applicants request <br />and the financials. <br /> <br />Motion was made by Vitzhum and seconded by Magnussen to recommend approval <br />of the request to the EDA. Motion carried 5-0. <br /> <br />5.1 Announcements <br /> <br />Ms. Eddy stated that there are two vacancies on the Joint Finance Committee; Jim <br /> <br />