Laserfiche WebLink
<br />MEETING OF THE ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY <br />HELD AT THE ELK RIVER CITY HALL <br />MONDAY, OCTOBER 9,1995 <br /> <br />Members Present: <br /> <br />President Gongoll, Commissioners, Dwyer, Scheel, Duitsman, <br />Holmgren, Farber and Bender <br /> <br />Members Absent: <br /> <br />None <br /> <br />Staff Present: <br /> <br />Bill Rubin, Executive Director; Michelle Dwyer, Recording Secretary <br /> <br />1. Call Meetinq To Order <br /> <br />Pursuant to due call and notice thereof, the meeting of the Elk River Economic <br />Development Authority was called to order at 6:00 p.m. by President Gongoll. <br /> <br />2. Consider October 9, 1995 EDA Aaenda <br /> <br />COMMISSIONER BENDER MOVED TO APPROVE THE OCTOBER 9, 1995, EDA <br />AGENDA. COMMISSIONER FARBER SECONDED THE MOTION. THE MOTION <br />CARRIED 6-0 WITH COMMISSIONER HOLMGREN BEING ABSENT. <br /> <br />3. Consider EDA Consent A~enda <br /> <br />COMMISSIONER SCHEEL MOVED TO APPROVE THE CONSENT AGENDA AS <br />FOLLOWS: <br /> <br />4.0 SEPTEMBER 11,1995 MINUTES <br />7.0 EDA CHECK REGISTER <br /> <br />COMMISSIONER FARBER SECONDED THE MOTION. THE MOTION CARRIED 6-0 WITH <br />COMMISSIONER HOLMGREN BEING ABSENT. <br /> <br />5. Open Mike <br /> <br />No one appeared for this item. <br /> <br />6. Consider October EDA Financial Statement <br /> <br />Commissioner Holm0ren arrived at this time (6:03) <br /> <br />Assistant City Administrator, Lori Johnson submitted the statement of financial <br />activity for the period ending September 30, 1995. As of this date, the micro- <br />loan had a cash balance of $122,046. As of September 30, 1995 the DTED had a <br />cash balance of $46,089. <br /> <br />8. Consider an Amendment to the EDA Note with Elk River Motel Properties, Inc. <br /> <br />At the September meeting, EDA Commissioners approved a request to extend <br />the loan with Elk River Motel Properties, inc. Bill Rubin, Economic Development <br />