11-06-1989 EDA MIN - Laserfiche WebLink

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. . . MEETING OF THE ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY HELD AT THE ELK RIVE PUBLIC LIBRARY MONDAY, NOVEMBER 6, 1989 Members Present: Chairman Tralle, Commissioners Schuldt, Holmgren, Kropuenske and Dobel Members Absent: None Staff Present: Pat Klaers, City Administrator; Dick Fursman, Economic Development Coordinator; Lori Johnson, Finance Director 1. Pursuant to due call and notice thereof, Chairman Tralle called the meeting of the Elk River Economic Development Authority to order at 7:00 p.m. 2. Consider 11/6/89 EDA A~enda COMMISSIONER SCHULDT MOVED TO APPROVE THE 11/6/89 EDA AGENDA. COMMISSIONER DOBEL SECONDED THE MOTION. THE MOTION CARRIED 5-0. 3. Consider 10/2/89 EDA Minutes COMMISSIONER HOLMGREN MOVED TO APPROVE THE COMMISSIONER KROPUENSKE SECONDED THE MOTION. 4-0-1. Commissioner Dobel abstained as he meeting. 10/2/89 EDA MINUTES. THE MOTION CARRIED was absent from that 4. Consider 10/9/89 EDA Minutes COMMISSIONER DOBEL MOVED TO APPROVE THE 10/9/89 EDA MINUTES. COMMISSIONER HOLMGREN SECONDED THE MOTION. THE MOTION CARRIED 4-0-1. Commissioner Schuldt abstained as he was absent from that meeting. 5. Consider Approval of TIF #6 Mork Clinic/P.H. Dick Fursman, Economic Development Coordinator, indicated that Mork Clinic is in the process of obtaining their permanent financing. He indicated that the Economic Development Authority is in a position to accept the Tax Increment Financing Plan #6. Pat Klaers, City Administrator, stated that the City has a Letter of Credit from the Bank of Elk River to cover all of the City's expenses in case Mork Clinic would run into any problems. Chairman Tralle opened the public hearing. There being no one for or against the matter, Chairman Tralle closed the public hearing.