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<br />e <br /> <br />MEETING OF THE ECONOMIC DEVELOPMENT AUTHORITY <br />HELD AT THE ELK RIVER CITY HALL <br />MONDAY, DECEMBER 14, 1998 <br /> <br />Members Present: <br /> <br />Chair Duitsman, Commissioners Thompson, Farber, Dwyer, and <br />Bender <br /> <br />Members Absent: <br /> <br />Commissioner Holmgren <br /> <br />Staff Present: <br /> <br />Paul Steinman, Director of Economic Development: Sandra <br />Peine, City Clerk; Pat Klaers, City Administrator <br /> <br />1. Call Meetinq To Order <br /> <br />Pursuant to due call and notice thereof, the meeting of the Economic <br />Development Authority was called to order at 6:00 p.m. by Chair Duitsman. <br /> <br />2. Consider Aqenda <br /> <br />COMMISSIONER FARBER MOVED TO APPROVE THE DECEMBER 14, 1998, EDA <br />AGENDA. COMMISSIONER DWYER SECONDED THE MOTION. THE MOTION <br />CARRIED 5-0. <br /> <br />e <br /> <br />3. <br /> <br />Consider Consent Aqenda <br /> <br />COMMISSIONER DWYER MOVED TO APPROVE THE CONSENT AGENDA AS <br />FOLLOWS: <br /> <br />3.1. NOVEMBER 9, 1998 EDAMINUTES-APPROVED <br />3.2. NOVEMBER 9, 1998 SPECIAL MEETING EDA MINUTES - APPROVED <br />3.3. CHECK REGISTER - APPROVED <br /> <br />COMMISSIONER FARBER SECONDED THE MOTION. THE MOTION CARRIED <br />5-0. <br /> <br />4. Open Mike <br /> <br />No One appeared for this item. <br /> <br />5. <br /> <br />Consider Resolution Approvinq Budqet Modification - Tax Increment District No.9 <br /> <br />e <br /> <br />Paul Steinman indicated that the proposed budget modification to tax <br />increment district No.9 will increase tax increment expenditures from TIF District <br />No.9 by a maximum of $90,000. He reviewed the following details: <br />. Land purchase $24,000 <br />. Administration 6,000 <br />. Public Improvements 60,000 <br />$90,000 <br />