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<br />. <br /> <br />. <br /> <br />. <br /> <br />MEETING OF THE ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY <br />HELD AT THE ELK RIVER CITY HALL <br />MONDAY, JANUARY 11, 1993 <br /> <br />Members Present: <br /> <br />Chairman Gongo11, Commissioners Dwyer, Scheel, <br />Duitsman, Farber, Dietz, and Holmgren <br /> <br />Members Absent: <br /> <br />None <br /> <br />Staff Present: <br /> <br />Bill Rubin, Economic Development Coordinator; Sandra <br />Thackeray, City Clerk; Pat K1aers, Executive Director <br /> <br />1. Call Meeting To Order <br /> <br />Pursuant to due call and notice thereof, the meeting of the Economic <br />Development Authority was called to order at 7:00 p.m. by Chairman <br />Gongo11. <br /> <br />Chairman Gongol1 recognized the new Commissioners and welcomed them to <br />the EDA. <br /> <br />2. Consider 1/11/93 EDA Agenda <br /> <br />COMMISSIONER HOLMGREN MOVED TO APPROVE THE 1/11/93 EDA AGENDA. <br />COMMISSIONER DIETZ SECONDED THE MOTION. THE MOTION CARRIED 7-0. <br /> <br />3. Consider 12/14/92 EDA Minutes <br /> <br />COMMISSIONER DWYER MOVED TO APPROVE THE 12/14/92 EDA MINUTES. <br />COMMISSIONER HOLMGREN SECONDED THE MOTION. THE MOTION CARRIED 7-0. <br /> <br />4. Open Mike <br /> <br />No one appeared for this item. <br /> <br />5. Financial Update <br /> <br />Bill Rubin reviewed the financial status of the EDA. The Economic <br />Development Authority had a December 31, 1992, cash balance of <br />$61,646.23. The Revolving Loan Fund had a balance of $199,741.75 as of <br />December 31, 1992, excluding interest. Bill Rubin stated that the <br />Revolving Loan Fund made three lo~ns in 1992. <br /> <br />6. Annual Meeting Items <br /> <br />a. <br /> <br />Election of Officers <br /> <br />The EDA discussed the e1$ction of officers for the offices of <br />President, Vice President, Treasurer, Secretary, and Assistant <br />Treasurer. Commissioner HQlmgren suggested that the officers for <br />President and Vice President remain the same as 1992. <br />