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11-20-2017 EDA MIN CLOSEDClosed Meeting of the Elk River Economic Development Authority Held at Elk River City Hall Monday, November 20, 2017 Members Present: President Tveite, Commissioners Ovall (excused himself from the meeting at 5:02 p.m.), Provo, Olsen, and Wagner Members Absent: Commissioners Blesener and Westgaard Staff Present: Economic Development Director Amanda Othoudt, Economic Development Specialist Colleen Eddy, and Recording Secretary Jennifer Green 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 5:01 p.m. by President Tveite. 3. Closed Meeting President Tveite stated the following: "The EDA will be holding a closed meeting per MN Statute §13D.05, subdivision 3(b) to consider offers and counteroffers for the purchase or sale of real property.The proprety being discussed is PID #75-807-0110." Commissioner Ovall indicated due to a potential conflict of interest, he would excuse himself from the closed meeting and left the room. President Tveite noted the property to be discussed. Discussion was held. 3. Adjournment There being no further business, President Tveite adjourned the closed meeting of the Elk River Economic Development Authority at 5:25 p.m. T Dan Tveite, President Tina Allard, City Clerk P I I I A I a II NATURE