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03-18-1991 CC MIN - EXECUTIVE - e -- MINUTES OF THE ELK RIVER CITY COUNCIL HELD AT THE ELK RIVER PUBLIC LIBRARY CLOSED SESSION OF THE COUNCIL MONDAY, MARCH 18, 1991 Members Present: Mayor Tralle, Councilmembers Schuldt, Kropuenske, Dietz, and Holmgren Staff Present: Pat Klaers, City Administrator; Bill Rubin, Economic Development Coordinator; Mike Mulrooney, Economic Development Consultant; Tim Keane, City Attorney; Sandy Thackeray, City Clerk Mayor Tralle called the meeting of the Elk River City Council to order at 6: 20 p. m. He explained that the meeting was a closed meeting for the purpose of discussing potential Ii tigation in the matter of Roma Tool and the outstanding loan of approximately $500,000. After discussion of the above topic, Council directed Staff to set up a meeting with Milo Hennemen and his attorney with City Staff and 2 Council representatives to discuss options given for payment of the outstanding loan. There being no further business, CQUNCILMEMBER HOLMGREN MOVED TO ADJOURN THE MEETING. COUNCILMEMBER KROPUENSKE SECONDED THE MOTION. THE MOTION CARRIED 5-0. The closed meeting of the City Council adjourned at 7:08 p.m. This meeting has been tape recorded. The tape of the meeting will be kept on file by the City Clerk for one year. ~J~~ Sandra Thackeray City Clerk