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<br />MEETING OF THE ECONOMIC DEVELOPMENT AUTHORITY <br />HELD AT THE ELK RIVER CITY HALL <br />MONDAY DECEMBER 12, 1994 <br /> <br />Members Present: President GongolL Commissioners Scheel, Dietz, Dwyer, Duitsman, <br />and Farber <br /> <br />Members Absent: Commissioner Holmgren <br /> <br />Staff Present: Bill Rubin, Executive Director; Sandra Thackeray, City Clerk <br /> <br />1. Call Meetina To Order <br /> <br />Pursuant to due call and notice thereof, the meeting of the Economic <br />Development Authority was called to order at 5:30 p.m. by President Gongol!. <br /> <br />2. Consider 12/12/94 EDA Aaenda <br /> <br />The following items were added to the EDA agenda per request of the executive <br />director: 9.1 Consider request by R & D Sales to have the EDA execute 0 <br />subordination agreement regarding financing; <br />9.2 General update on the City's review and permitting process. <br /> <br />COMMISSIONER DWYER MOVED TO APPROVE THE DECEMBER'12, 1994 AGENDA AS <br />AMENDED. COMMISSIONER DUITSMAN SECONDED THE MOTION. MOTION CARRIED <br />6-0. <br /> <br />3. Consider 10110/94 EDA Minutes <br /> <br />It was noted that the day on the EDA minutes should be chanqed from Monday <br />to Tuesday. It was further noted that there was 0 typo -in the motion under item <br />number 9. <br /> <br />COMMISSIONER DWYER MOVED TO APPROVE THE NOVEMBER 15, 1994, EDA <br />MINUTES AS AMENDED. COMMISSIONER FARBER SECONDED THE MOTION. MOTION <br />CARRIED 6-0. <br /> <br /> <br />4. Open Mike <br /> <br />No one appeared for this item. <br /> <br />5. Consider December EDA financial update <br /> <br />Executive Director Bill Rubin provided the EDA with a verbal summary of the <br />December financial update. <br />