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<br />MEETING OF THE ECONOMIC DEVELOPMENT AUTHORITY <br />HELD AT THE ELK RIVER CITY HALL <br />MONDAY, APRIL 10, 1995 <br /> <br />Members Present: <br /> <br />President Jeff Gongoll, Commissioners; Scheel, Bender, Duitsman, <br />Farber, Dwyer, and Holmgren <br /> <br />Members Absent: <br /> <br />None <br /> <br />Staff Present: <br /> <br />Bill Rubin, Executive Director; Sandra Thackeray, City Clerk; <br />Pat Klaers, City Administrator <br /> <br />1 . Call Meetina To Order <br /> <br />Pursuant to due call and notice thereof, President Gongoll called the meeting of the <br />EDA to order at 6:00 p.m. <br /> <br />2. Consider April 10, 1995 Aqenda <br /> <br />COMMISSIONER DWYER MOVED TO APPROVE THE APRIL 10, 1995, EDA AGENDA. <br />COMMISSIONER BENDER SECONDED THE MOTION. MOTION CARRIED 7-0. <br /> <br />3. Consider March 13, 1995, EDA Minutes <br /> <br />It was noted that the name John Dietz should be stricken from "Members Absent". <br /> <br />COMMISSIONER DWYER MOVED TO APPROVE THE MARCH 13, 1995, EDA MINUTES AS <br />CORRECTED. COMMISSIONER DWYER SECONDED THE MOTION. MOTION CARRIED 5-0- <br />2. COMMISSIONERS HOLMGREN AND FARBER ABSTAINED BECAUSE THEY WERE ABSENT <br />FROM THE MARCH 13 MEETING. <br /> <br />4. Open Mike <br /> <br />President Gongoll informed the EDA members of the upcoming School Bond Issue to <br />be held on May 16, 1995. <br /> <br />5. Consider April EDA Financial Update <br /> <br />Executive Director Bill Rubin reviewed the following loan funds: <br /> <br />. Micro Loan Fund - Cash Balance of $114,990.20 as of March 31, 1995. <br />. Block Grant Micro Loan Fund - Cash Balance of $28,782.03 as of March 31, <br />1995. <br />. Check Reqister - Bill Rubin informed the EDA that the City Council approved <br />payment of four EDA bills totaling $3,100.25. He further indicated that the <br />EDA's check register is included in the agenda packet for review. <br />