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3.1. EDA DRAFT MINUTES 03-19-2018 Meeting of the Elk River Economic Development Authority Held at the Elk River City Hall Tuesday, February 20, 2018 Members Present: President Tveite, Commissioners Provo, Olsen, and Wagner Members Absent: Commissioners Blesener, Ovall, and Westgaard Staff Present: Economic Development Director Amanda Othoudt, Economic Development Specialist Colleen Eddy, and Executive Secretary/Deputy City Clerk Jessica Miller 1. 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 02/20/2018 Agenda Moved by Commissioner Wagner and seconded by Commissioner Olsen to approve the February 20, 2018, agenda. Motion carried 4-0. 3. Consider Consent Agenda Moved by Commissioner Olsen and seconded by Commissioner Provo to approve the following consent agenda: 3.1 January 16, 2018, 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 4-0. 4. Open Forum No one appeared for Open Forum. 5. Public Hearings There were no public hearing items. Economic Development Authority Minutes Page 2 February 20, 2018 ----------------------------- 6.1 Youth Skills Training Program Ms. Othoudt reviewed a PowerPoint presentation on the Youth Skills Training Program. Commissioner Wagner questioned if it would be advantageous for the Economic Development Authority to send a letter of support to the school district prior to their completion of the grant application. Ms. Othoudt indicated staff could draft a letter and bring back at the next EDA meeting. The EDA concurred. Commissioner Provo questioned if the EDA would market this program to local businesses. Ms. Othoudt explained economic development staff would partner with the school to assist in jump-starting and marketing the program. 6.2 Business Incubation Program Ms. Othoudt presented her staff report. President Tveite felt the program is a good opportunity for businesses and worth researching further. Commissioner Olsen stated he supports the program. Commissioner Provo liked the idea of starting small with the program and seeing how it goes and making adjustments and tailoring for Elk River as needed. Commissioner Wagner questioned if staff was thinking of an initial investment similar to Stewartville of $30,000. Ms. Othoudt indicated staff will research. Discussion took place on benefits of the program and whether it would fill a local need. Consensus was for staff to bring back additional information, including the target audience. 6.3 Director’s Report Ms. Othoudt presented her Director’s Report. 7. Other Business There was no other business. 8. Adjournment There being no further business, President Tveite adjourned the meeting of the Elk River Economic Development Authority at 6:05 p.m. Economic Development Authority Minutes Page 3 February 20, 2018 ----------------------------- Minutes prepared by Jessica Miller. Dan Tveite, EDA President Tina Allard, City Clerk