3.1. EDSR 07-25-2017 City�
EJl-
OW4"� Meeting of the Elk River EDA Finance Committee
,k
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.ver Held at the Elk River City Hall
April 25, 2017
Members Present: Larry Toth,Ryan Hardin,Dan Tveite,Jim Gromberg, Bryan Provo, Chad
Vitzthum, and Nate Ovall
Members Absent: None
Staff Present: Amanda Othoudt,Economic Development Director
Others present: Mikaela Huot, Springsted and Pat Briggs,Applicant
1. Call Meeting to Order
Pursuant to due call and notice thereof, the meeting of the Elk River Finance Committee
was called to order at 7:30 a.m.
2. Consider Agenda
Motion by Toth and seconded by Ovall to approve the agenda. Motion carried 7-0.
3.0 Consent Agenda
Motion by Ovall and seconded by Gromberg to approve the consent agenda. Motion
carried 7-0.
4.1 Jackson Hill Residential Suites Housing TIF Application
Ms. Othoudt presented the staff report. The applicant has withdrawn his application. Ms.
Huot gave an update on the current Analysis prepared by Springsted. Members discussed
changes to the score sheet.
4.2 Reorganization of the EDA Finance Committee
Ms. Othoudt presented the staff report. The HRA has received an increase in applications
which is why the increase in membership to the EDA Finance Committee.
Motion by Ovall and seconded by Hardin to recommend to the EDA and HRA that
the committee consists of nine people; 2 appointed from the EDA, 2 appointed from
the HRA and drop one at large member. Motion carried 7-0.
5.1 Announcements
5.1 Ethanol Technology Verbal Update
Ms. Othoudt updated the members on a proposed settlement of$2,500. A new summary of
judgement was given to the judge. Ms. Othoudt will keep proceeding to resolve this debt.
6. Adjournment
There being no further business,Mr. Tveite adjourned the meeting at 8:31 a.m.
Minutes prepared by Colleen Eddy.
Tina Allard, City Clerk
Amanda Othoudt, Economic Development Director