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<br />e <br /> <br />e <br /> <br />e <br /> <br />MEETING OF THE ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY <br />HELD AT THE ELK RIVER CITY HALL <br />MONDAY, JANUARY 14, 1991 <br /> <br />Members Present: <br /> <br />Chairman Tralle, Commissioners Dietz, Holmgren, Schuldt, <br />Gongoll, Kropuenske and Dwyer <br /> <br />Staff Present: <br /> <br />Pat Klaers, Executive Director; Bill Rubin, Economic <br />Development Coordinator; John Lichter, Environmental <br />Consultant; Tim Keane, City Attorney; Mike Mulrooney, <br />Economic Development Consultant; Sandy Thackeray, City <br />Clerk <br /> <br />1. Call Meetin~ To Qpder <br /> <br />Pursuant to due call and notice thereof, the meeting of the Elk River <br />Economic Development Authority was called to order by Chairman Tralle <br />at 7:00 p.m. <br /> <br />2. Confirmation and Reco~nition of New Commi~~ioners <br /> <br />Chairman Tralle acknowledged and welcomed the new Economic Development <br />Authority Commissioner, John Dietz. <br /> <br />3. <br /> <br />Consider 1/14/91 EDA A~enda <br /> <br />Item 15.2, HRA Meeting Discussion, was added to the agenda. <br /> <br />COMMISSIONER KROPUENSKE MOVED TO APPROVE THE 1/14/91 EDA AGENDA AS <br />AMENDED. COMMISSIONER SCHULDT SECONDED THE MOTION. THE MOTION CARRIED <br />7-0. <br /> <br />4. QQns tdeL12L1J2L9'<LJID-A211l:mtes <br /> <br />COMMISSIONER DIETZ MOVED TO APPROVE THE 12/10/90 EDA MINUTES AS <br />SUBMITTED. COMMISSIONER DWYER SECONDED THE MOTION. THE MOTION CARRIED <br />7-0. <br /> <br />5. Open Mike <br /> <br />No one appeared for this item. <br /> <br />6. <br /> <br />Financial Up_dat~ <br /> <br />The Executive Director reviewed the Revolving Loan Fund status. He <br />indicated that all the loan payments are current with the exception of <br />Roma Tool. He further indicated that the projected ending cash balance <br />of the Revolving Loan Fund is approximately $119,000 and that the EDA <br />can anticipate payments of slightly over $65,000 in 1991. <br />