05-13-1991 EDA MIN - Laserfiche WebLink

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e e e MEETING OF THE ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY HELD AT THE ELK RIVER CITY HALL MONDAY, MAY 13, 1991 Members Present: President Gongoll, Commissioners Kropuenske, Dietz, Dwyer and Holmgren Members Absent: Commissioners Tralle and Schuldt Staff Present: Pat KIaers, City Administrator; Bill Rubin, Economic Development Coordinator; Sandra Thackeray, City Clerk 1. CaI] Meet irUL.To Orrter Pursuant to due call and noti ce thereof, the meeting of the Elk River Economic Development Aut.hority was called to order at 7:00 p.m. by President Gongall. 2. Consider 5/1~/91 EDA A~enda COMMISSIONER KROPUENSKE MOVED TO APPROVE THE 5/13/91 EDA AGENDA. COMMISSIONER DI~TZ SECONDED THE MOTION. THE MOTION CARRIED 5-0. 3. Q9nsider 4/8/91 EDA Minutes COMMISSIONER DWYER MOVED TO APPROVE COMMISSIONER HOLMGREN SECONDED THE MOTION. THE 4/8/91 EDA MINUTES. THE MOTION CARRIED 5-0. 4. 011Pn Mi k~ Commissioner Dwyer expressed his desire t.o see the City Hall relocate at the .Ienne site. He stated t.hat the Ci t.y is working hard to do 80nH~thing positive with the Jenne site and felt that the opportunity was right to locate City Hall at that. site because of the City's present need to expand and relocatf~. He stat.ed that the City has a chance t.o keep t.he downtown viable and hopes that the City Council will take this into comdderation when making a decision t.o relocate Cit.y Ha 11. 5. f.Jnancial Updfl;.t.e Bill Ruhin reviewed with the EDA the Revolving Loan Fund status t.hrough May 8. He stat.ed that all loans are current wit.h t.he exception of Roma Tool ami thlit t.he Revol vi ng Loan Fund has a cash balance of I1pproximately $143,700. He furt.her indicated that the Statement of Expenses pl1yable shows payment dlle t.o t.he City in t.he amount of $9,l("lO.14. COMMISSIONER HOLMGREN MOVED TO APPROVE PAYMENT TO THE CITY OF ELK RIVER TN THE AMOUNT OF $9, J 90.14. COMMTSSIONER DIETZ SECONDED THE MOTION. THE MOTlON CARRTKO 5-0.