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05-15-2017 EDA MIN Ecifk Meeting of the Elk River River Economic Development Authority Held at the Elk River City Hall Monday, May 15, 2017 Members Present: President Tveite,Commissioners Provo (5:33 p.m.), Olsen, Westgaard, Ovall (5:30 p.m.),Wagner,and Blesener Members Absent: None Staff Present: Economic Development Director Amanda Othoudt, Economic Development Specialist Colleen Eddy, and City Clerk Tina Allard 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 5:31 p.m. by President Tveite. 2. Consider 05/17 /2017 Agenda Moved by Commissioner Wagner and seconded by Commissioner Olsen to approve the May 15,2017, agenda. Motion carried 5-0. 3. Consider Consent Agenda Moved by Commissioner Westgaard and seconded by Commissioner Olsen to approve the following consent agenda: 3.1 April 17,2017, and April 27,2017, EDA Minutes. 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 5-0. 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 May 15,2017 --� 6.1 Propose EDA Budget Workshop Commissioner Ovall and Commissioner Provo arrived. Ms. Othoudt presented the staff report. EDA Consensus was to set an EDA budget meeting for July 17,2017 at 5:00 p.m. 6.2 Reorganization of the EDA Finance Committee Ms. Othoudt presented the staff report. The commission discussed how some members could fit in more than one role and agreed there shouldn't be a member serving dual roles. 6.3 IEDC Award Submission Ms. Othoudt presented the staff report. The Commission wished Ms. Othoudt good luck. 6.4 Promo Products—Consent to Sale of Business Ms. Othoudt presented the staff report. Moved by Commissioner Provo and seconded by Commissioner Olsen to adopt Resolution 17-04 consenting to the sale of business relating to the loan to 19228 LLC (Promo Products Project). Motion carried 7-0. 6.5 Beautification Policy- Revised Ms. Othoudt presented the staff report. Commissioner Ovall suggested the scoring rubric be changed by adding language in parenthesis stating only answer for criteria#1. Moved by Commissioner Blesener and seconded by Commissioner Westgaard to approve changes to the city Beautification Award Policy as outlined in the staff report and with the comment stated above. Motion carried 7-0. 6.6 Director's Report Ms. Othoudt presented the staff report. NATURE P I I E A f I I Y Economic Development Authority Minutes Page 3 May 15,2017 7. Announcements Ms. Othoudt stated the application process is open for entry for the beautification awards and is available on the city website. 8. Worksession There was no worksession. 9. Adjournment There being no further business,Chair Tveite adjourned the meeting of the Elk River Economic Development Authority at 6:03 p.m. Dan Tveite,EDA President Tina Allard,City Clerk rrriini . 1 1 NATURE