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<br />ANNUAL MEETING OF THE <br />ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY <br />HELD AT THE ELK RIVER CITY HALL <br />MONDAY, JANUARY 9, 1995 <br /> <br />Members Present: <br /> <br />President GongolL Commissioners Dwyer, Scheel, Dietz, Duitsman, <br />Holmgren, and Farber <br /> <br />Members Absent: <br /> <br />None <br /> <br />Staff Present: <br /> <br />Bill Rubin, Executive Director; Sandra Thackeray, City Clerk <br /> <br />1 . Call Meeting To Order <br /> <br />Pursuant to due call and notice thereof, the annual meeting of the Elk River <br />Economic Development Authority was called to order at 6:00 p.m. by President <br />Gongoll. <br /> <br />2. Consider January 9, 1995 EDA Aaenda <br /> <br />Bill Rubin added Item 11.1 - Review and Permitting Task Force Update - to the <br />agenda. <br /> <br />COMMISSIONER DWYER MOVED TO APPROVE THE JANUARY 9, 1995, EDA AGENDA <br />AS AMENDED. COMMISSIONER FARBER SECONDED THE MOTION. THE MOTION <br />CARRIED 7-0. <br /> <br />3. Consider December 12, 1994 EDA Minutes <br /> <br />COMMISSIONER DWYER MOVED TO APPROVE THE DECEMBER 12, 1994, EDA <br />MINUTES. COMMISSIONER FARBER SECONDED THE MOTION. THE MOTION CARRIED <br />7-0. <br /> <br />4. Open Mike <br /> <br />No one appeared for this item. <br /> <br />5. Consider January EDA Financial Update <br /> <br />Executive Director Bill Rubin updated the EDA with a January financial summary <br />which was provided by Finance Director Lori Johnson. <br /> <br />Micro Loan Fund - The Micro Loan fund had a cash balance of <br />$180,680.43 on December 31, 1994. <br /> <br />Block Grant Micro Loan Fund - The Block Grant Micro Loan fund had a <br />cash balance of $18,814.11, excluding 1994 interest. on December 31, <br />1994. <br />