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<br />. <br /> <br />. <br /> <br />. <br /> <br />MEETING OF THE ECONOMIC DEVELOPMENT AUTHORITY <br />CITY HALL CONFERENCE ROOM <br />WEDNESDAY, 10/7/87 <br /> <br />Members Present: <br /> <br />Estelle Gunkel, Harold Dobel, and Gene Schuldt <br /> <br />Members Absent: <br /> <br />Jim Tralle and Roger Holmgren <br /> <br />Staff Present: <br /> <br />Pat Klaers, City Administrator; Lori Johnson, Finance <br />Director; and Peter Beck. City Attorney <br /> <br />1. The meeting of the Economic Development Authority was called to order by <br />Estelle Gunkel at 6:30 p.m. <br /> <br />2. Consider Resolution Relating to Economic Development Authority <br /> <br />The Resolution submitted by the City Attorney in relation to the creation <br />of an Economic Development Authority, was discussed by the Commissioners. <br />Minor amendments were made to the resolution by the City Council. Also. <br />determined while discussing the resolution were the officers of the <br />Authority which are as follows, and are listed as such in the resolution: <br /> <br />President: <br />Vice President: <br />Treasurer: <br />Secretary: <br />Assistant Treasurer: <br /> <br />Estelle Gunkel <br />Gene Schuldt <br />Jim Tralle <br />Harold Dobel <br />Roger Holmgren <br /> <br />GENE SCHULDT MOVED TO ADOPT RESOLUTION 87-1. A RESOLUTION APPOINTING <br />OFFICERS OF THE ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY; APPOINTING AN <br />EXECUTIVE DIRECTOR OF THE ECONOMIC DEVELOPMENT AUTHORITY AND DELEGATING <br />CERTAIN POWERS TO THE EXECUTIVE DIRECTOR; DIRECTING THAT BYLAWS AND RULES <br />OF PROCEDURE BE PREPARED FOR THE ECONOMIC DEVELOPMENT AUTHORITY; AND <br />REQUESTING THE CITY COUNCIL OF THE CITY OF ELK RIVER TO LEVY A TAX IN THE <br />AMOUNT OF .75 MILL TIMES THE ASSESSED VALUATION OF TAXABLE PROPERTY IN THE <br />CITY FOR THE YEAR 1988. FOR THE BENEFIT OF THE ECONOMIC DEVELOPMENT <br />AUTHORITY. HAROLD DOBEL SECONDED THE MOTION. THE MOTION CARRIED 3-0. <br /> <br />3. Adjournment <br /> <br />COMMISSIONER DOBEL MOVED TO ADJOURN THE ECONOMIC DEVELOPMENT AUTHORITY <br />MEETING. COMMISSIONER SCHULDT SECONDED THE MOTION. THE MOTION CARRIED 3- <br />o. <br /> <br />The meeting of the Economic Development Authority adjourned at 6:45 p.m. <br /> <br />c}~ <br /> <br /> <br />Sandy Thackeray <br />Recording Secretary <br />