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11-20-2017 EDA MINMeeting of the Elk River Economic Development Authority Held at the Elk River City Hall Monday, November 20, 2017 Members Present: President Tveite, Commissioners Provo, Olsen, Westgaard, Ovall, Wagner, and Blesener Members Absent: None 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 5:30 p.m. by President Tveite. 2. Consider 11/20/2017 Agenda Ms. Othoudt requested to move items 7.1 and 7.2 after item 4. Open Forum. Moved by Commissioner Wagner and seconded by Commissioner Olsen to approve the November 20, 2017, Economic Development agenda. Motion carried 5-0. 3. Consider Consent Agenda Moved by Commissioner Ovall and seconded by Commissioner Wagner to approve the following consent agenda: 3.1. October 16, 2017, EDA Minutes. 3.2. Check Register 3.3. Balance Sheet 3.4. Revenues -Expenditures Motion carried 5-0. 4. Open Forum No one appeared for Open Forum. Economic Development Authority Minutes Page 2 November 20, 2017 7.2 Debbie Huebner — Recognition Ms. Othoudt presented the staff report. The EDA commended Ms. Huebner on being a tremendous asset to the city and her many years of service to the EDA and Housing and Redevelopment Authority. 7.1 Elk River Meats - Recognition Ms. Othoudt presented the staff report and played a WCCO broadcast video recognizing Elk River Meats and their Viewers' Choice Award for their Happy Sticks beef stick in Minnesota. President Tveite presented Bob and Mary Robeck with a plaque and the EDA congratulated the Robecks on their recognition and as being a long-established business in the city. 6.1 Director's Report Ms. Othoudt presented the staff report. 6.2 TIF Policy Ms. Othoudt presented the staff report. Moved by Commissioner Wagner and seconded by Commissioner Olsen to approve the Tax Increment Financing Policy as presented in the staff report. Motion carried 5-0. 8. Adjournment There being no further business, Chau Tveite adjourned the meeting of the Elk River Economic Development Authority at 5:42 p.m. Minutes prepared by Jennifer Green. Dan Tveite, EDA President Tina Allard, City Clerk iorEeEt et NATURE