02-17-2015 EDA MINMeeting of the Elk River
vex Economic Development Authority
Held at the Elk River City Hall
Tuesday, February 17, 2015
Members Present: President Tveite, Commissioners Burandt, Dwyer, Westgaard, Provo,
Olsen, and Wagner
Members Absent: None
Staff Present: Community Operations and Development Director Jeremy Barnhart,
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 a 5:44 p.m. by President Tveite.
2. Consider 02/17/20 15 Agenda
Moved by Commissioner Dwyer and seconded by Commissioner Westgaard
to approve the February 17, 2015 agenda. Motion carried 7 -0.
3. Consider Consent Agenda
Moved by Commissioner Westgaard and seconded by Commissioner Olsen to
approve the following consent agenda:
3.1 January 20, 2015, Regular
February 9, 2015, Special
February 9, 2015 Closed
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.
Motion carried 7 -0.
4. Open Forum
No one appeared for Open Forum.
S. Public Hearings
There were no public hearing items scheduled for this agenda.
Economic Development Authority Minutes Page 2
February 17, 2015
6.1 Sportech: DEED job Creation Fund Application
Mr. Barnhart presented the staff report.
Moved by Commissioner Dwyer and seconded by Commissioner Olsen to
adopt resolution 15 -2 of the Economic Development Authority of the City of
Elk River Supporting the Job Creation Fund Application in Connection with
Envision Company, dba Sportech. Motion carried 7 -0.
6.2 Microloan for Distinctive Iron
Mr. Barnhart presented the staff report.
The commission let the applicant know how excited they were to have their business
locating to Elk River.
Moved by Commissioner Wagner and seconded by Commissioner Olsen to
adopt resolution 15 -3 of the Economic Development Authority, County of
Sherburne, Sate of Minnesota, Approving Loan Agreement and Related
Documents (Distinctive Iron Project). Motion carried 7 -0.
6.3 Marketing Update
Ms. Eddy provided an updated of economic development marketing activities as
outlined in the staff report.
7. Announcements
There were no announcements.
8. Adjournment
There being no further business, Chair Tveite adjourned the meeting of the Elk
River Economic Development Authority at 6:5 p.m.
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Dan Tveite, EDA President
Tina Allard, City Clerk
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