RES 88-1 MEETING OF THE ECONOMIC DEVELOPMENT AUTHORITY (EDA)
HELD AT THE ELK RIVER CITY HALL
4111 MONDAY, AUGUST 22, 1988
Members Present: Estelle Gunkel, Harold Dobel, Jim Tralle, Gene Schuldt,
and Roger Holmgren
Members Absent: None
Also Present: Pat Klaers, City Administrator; Lori Johnson, Finance
Director; Dick Fursman, Economic Development
Coordinator; Mike Mulrooney, Economic Development
Consultant; Dave Sellergren, City and EDA Attorney
1. Pursuant to due call and notice thereof, the meeting of the Economic
Development Authority was called to order by President Gunkel at 8:07 p.m.
2. Consider EDA Agenda
Item 7.1 — Economic Development Consultant retainer fee was added to the
agenda.
HAROLD DOBEL MOVED TO APPROVE THE EDA AGENDA AS AMENDED. COUNCILMEMBER
HOLMGREN SECONDED THE MOTION. THE MOTION CARRIED 5-0.
• 3. Review and Adopt EDA Bylaws
The revised bylaws of the EDA were presented to the EDA for their review.
President Gunkel discussed the fact that certain elements were missing
from the bylaws. These elements of the bylaws pertained to the Minnesota
State Statutes. She indicated it would be helpful to have them included,
or on hand, so as to have the information accessible when necessary.
EDA Attorney, Dave Sellergren, indicated an option, other than looking
up the State Statute, would be to include the Statutes with the bylaws in
book form. These changes were recorded by the Economic Development
Coordinator for accurate revision of the bylaws.
The EDA discussed the revised bylaws at this time and several changes
were made by the EDA.
ROGER HOLMGREN MOVED TO ADOPT THE EDA BYLAWS AS AMENDED. JIM TRALLE
SECONDED THE MOTION. THE MOTION CARRIED 5-0.
ROGER HOLMGREN MOVED TO DIRECT THE CITY ATTORNEY TO PREPARE
le ; PRESIDENT AND TREASURER TO SIGN CHECKS • ` ,y •; a a
THE EDA. HAROLD DOBEL SECONDED THE MOTION. THE MOTION CARRIED 5-0.
N)ee -e1\
EADI
4. Consideration of the 1989 EDA Budget
ROGER HOLMGREN MOVED TO APPROVE THE BANK OF ELK RIVER AS A DEPOSITARY FOR
1 THE EDA. GENE SCHULDT SECONDED THE MOTION. THE MOTION CARRIED 5-0.