06-14-1993 EDA MIN - Laserfiche WebLink

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. . . MEETING OF THE ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY HELD AT THE ELK RIVER CITY HALL MONDAY, JUNE 14, 1993 Members Present: President Gongoll, Commissioners Dwyer, Holmgren, Duitsman, Farber and Dietz (7:05 p.m.) Members Absent: commissioner Scheel Staff Present: Pat Klaers, Executive birector; Bill Rubin, Economic Development Coordinator; Sandra Thackeray, City Clerk 1. Call Meeting to Order Pursuant to due call and notice thereof, the meeting of the Elk River Economic Development Authority was called to order at 7:00 p.m. by President Congoll. 2. Consider 6/14/93EDA Agenda Item *7., "Consider Underwriting a Retail Focus Group Study with the Downtown Development Corporation and Other Business people", was deleted. Items 14.1., "TIF Legislative Updates", 14.2., "Information on Local Industrial Expansion", and 14.3., "Information on star City Signs", were added to the agenda. COMMISSIONER HOLMGREN MOVED TO APPROVE THE 6/14/93 EDA AGENDA AS AMENDED. COMMISSIONER DWYER SECONDED THE MOTION. THE MOTION CARRIED 5-0. 3. Consider 5/10/93 and 5/25/93 EDA Minutes COMMISSIONER DUITSMAN MOVED TO APPROVE THE 5/10/93 EDA MINUTES AND THE 5/25/93 EDA MINUTES. COMMISSIONER HOLMCREN SECONDED THE MOTION. THE MOTION CARRIED 5-0. Commissioner Dietz arrived at this time (7 : 05 p.m.). 4 . Open Mike No one appeared for this item. 5. Financial Update Bill Rubin informed the EDA that the Revolving Loan Fund had a cash balance of $158,817.67 as of May 31, 1993. 6. EDA Main Street Site Chris Bulow, Bruce Company, provided the EDA with an update on progress he has made with his project since the last EDA meeting. He indicated that the project has remained virtually unchanged from the last EDA meeting, however, different forms of funding have been discussed. Mr.