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<br />IVIEETING OF THE ELK RIVER ECONOMIC DEVELOPl\fENT <br />AUTHORITY <br />HELD AT THE ELK RlVER CITY H.ALL <br />MONDAY, DECEMBER 11, 1995 <br /> <br />Members Present: <br /> <br />President GongolL Commissioners Scheel, Dwyer, Duitsman, <br />Holmgren, Farber, and Bender <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 Meetina To Order <br /> <br />Pursuant to due call and notice the~eof. 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 December 11, 1995, EDA Aaenda <br /> <br />Item 12.2. - Woodsmen Quality Products Loan/Satisfaction of Mortgage - was <br />added to the agenda. <br /> <br />COMMISSIONER BENDER MOVED TO APPROVE THE DECEMBER 11, 1995, AGENDA <br />AS AMENDED. COMMISSIONER DWYER SECONDED THE MOTION. THE MOTION <br />CARRIED 7-0. <br /> <br />3. Consider EDA Consent Aqenda <br /> <br />COMMISSIONER FARBER MOVED TO APPROVE THE EDA CONSENT AGENDA AS <br />FOLLOWS: <br /> <br />4.1. NOVEMBER 13, 1995, EDA MINUTES -- APPROVED <br />4.2. NOVEMBER 20, 1995, EDA MINUTES -- APPROVED <br />7. EDA CHECK REGISTER -- APPROVED <br /> <br />COMMISSIONER HOLMGREN SECONDED THE MOTION. THE MOTION CARRIED 7-0. <br /> <br />5. Open Mike <br /> <br />No one appeared for this item. <br /> <br />6. Consider December EDA Financial Statement <br /> <br />Executive Director Bill Rubin reviewed the Statement of Financial Activity for the <br />period ending November 30, 1995, indicating the following cash balances: <br /> <br />Econornic Development ,Authority - $64,864- <br />Micro Loan Fund - $140,058 <br />DTED Block Grant Loan Fund - $51,173 <br />