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<br />MEETING OF THE ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY <br />HELD AT THE ELK RIVER CITY HALL <br />MONDAY, JUNE 13, 1994 <br /> <br />Members Present: <br /> <br />President Gongoll, Commissioners Dwyer, Duitsman, Scheel, <br />Holmgren, and Dietz <br /> <br />Members Absent: <br /> <br />Commissioner Farber <br /> <br />Staff Present: <br /> <br />Bill Rubin, EDA Executive Director <br /> <br />1. Call Meetinq To Order <br /> <br />Pursuant to due call and notice thereof, the meeting of the Elk River Economic <br />Development Authority was called to order at 7:00 p.m. by President Gongoll. <br /> <br />2. Consider June 13, 1994 Aqenda <br /> <br />COMMISSIONER DUITSMAN MOVED TO APPROVE THE JUNE 13, 1994 EDA AGENDA. <br />COMMISSIONER DWYER SECONDED THE MOTION. THE MOTION CARRIED 6-0. <br /> <br />3.1. Consider May 9, 1994 EDA Minutes <br /> <br />COMMISSIONER HOLMGREN MOVED TO APPROVE THE MAY 9, 1994 EDA MINUTES. <br />COMMISSIONER DIETZ SECONDED THE MOTION. THE MOTION CARRIED 6-0. <br /> <br />3. Consider June 6, 1994 EDA Minutes <br /> <br />The following correction was noted: <br /> <br />3rd paragraph under item 4. - the word "park" should read "part". <br /> <br />COMMISSIONER DWYER MOVED APPROVAL OF THE 6/6/94 MINUTES AS AMENDED. <br />COMMISSIONER DUITSMAN SECONDED THE MOTION. THE MOTION CARRIED 6-0. <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 update prepared by Lori Johnson~ <br /> <br />Micro-Loan Fund <br />The Micro Loan Fund had a cash balance of $123,976.36 on May 31, 1994. As of <br />June 13, 1994 all loans are current. In May the Water laboratories loan of <br />$15,000.00 was disbursed. <br />