3.1 EDSR 06-16-2014 City>I `o; A
‘ LIC*Elk Meeting of the Elk River
River Economic Development Authority
Held at the Elk River City Hall
Monday, May 19, 2014
Members Present: President Tveite, Commissioners Burandt,Dwyer,Westgaard,Provo,
Wilson, and Motin
Members Absent: None
Staff Present: Community Operations and Development Deputy Director Jeremy
Barnhart,Economic Development Director Brian Beeman,
Economic Development Specialist Colleen Eddy, and City Clerk Tina
Allard
I. 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 5:30 p.m. by President Tveite.
2. Consider 05/19/2014 Agenda
Commisioner Motin requested to remove Item 3.1 from the consent agenda.
Moved by Commissioner Dwyer and seconded by Commissioner Westgaard
to approve the agenda with removal of Item 3.1 from the consent agenda.
Motion carried 7-0.
3. Consider Consent Agenda
Moved by Commissioner Motin and seconded by Commissioner Wilson to
approve the following consent agenda:
3.2 Check Register as outlined in the staff report.
3.3 Balance Sheet as outlined in the staff report.
3.4 Revenue Expenditure report as outlined in the staff report.
3.5 Brian Beeman to attend the final course for the Economic
Development Certification through the National Development
Council.
Motion carried 7-0.
4. Open Forum
No one appeared for Open Forum.
Economic Development Authority Minutes Page 2
May 19,2014
5. Public Hearings
There were no public hearing items scheduled for this agenda.
6.1 Initiative Foundation Presentation
Mr. Beeman presented the staff report and introduced Initiative Foundation
Development Officer Sandy Voigt.
Ms.Voigt introduced John Babcock from The Bank of Elk River who serves on the
Foundation Board.
Mr. Babcock stated he is glad to be affiliated with the Foundation and noted they
have a lot of great things happening to benefit communities.
Ms.Voight reviewed the Foundation's history and the various ways in which they can
assist the community. She also thanked the EDA for their continued ongoing
support.
6.2 Preferred Powdered Coating Subordination Agreement
Mr. Beeman presented the staff report.
Moved by Commissioner Westgaard and seconded by Commissioner Dwyer
to adopt Resolution 14-01 approving a security interest subordination
agreement and mortgage subordination agreement. Motion carried 7-0.
6.3 Focus Area Study Implementation
Mr. Barnhart presented the staff report.
There was no discussion on this item.
6.4 Propose Date for EDA Budget Worksession
Mr. Beeman presented the staff report.
There was discussion on the meeting date.
Moved by Commissioner Motin and seconded by Commissioner Wilson to
call a special worksession meeting for July 21 at 5:00 p.m. to discuss the EDA
budget. Motion carried 7-0.
The Commission requested the budget materials be distributed earlier to give
commission members adequate time to review it.
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Economic Development Authority Minutes Page 3
May 19,2014
7. Announcements
There were no announcements.
3.1 April 21,2014 Regular and Closed EDA Minutes.
Commissioner Motin noted the closed meeting referred to the wrong board.
Moved by Commissioner Motin and seconded by Commissioner Provo to
approve the April 21, 2014 Regular and Closed EDA minutes with the
following change to the Closed minutes.
3. Adjournment
There being no further business, President Tveite
adjourned the meeting of the Elk River City-Council Economic
Development Authority at 6:15 p.m.
Motion carried 7-0.
8. Adjournment
There being no further business,Chair Tveite adjourned the meeting of the Elk
River Economic Development Authority at 5:52 p.m.
Dan Tveite, EDA President
Tina Allard, City Clerk
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