05-21-2018 EDA MIN City of
Elk ^� Meeting of the Elk River
River Economic Development Authority
Held at the Elk River City Hall
Monday, May 21, 2018
Members Present: President Tveite, Commissioners Provo, Olsen (5:36 p.m.),
Westgaard, Ovall,Wagner, and Blesener
Members Absent: None
Staff Present: Economic Development Director Amanda Othoudt,Economic
Development Specialist Colleen Eddy, and Executive
Secretary/Deputy City Clerk Jessica Miller
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 05/21/2018 Agenda
11111 Moved by Commissioner Westgaard and seconded by Commissioner Wagner
to approve the May 21,2018, agenda.
Motion carried 6-0.
3. Consider Consent Agenda
Moved by Commissioner Ovall and seconded by Commissioner Wagner to
approve the following consent agenda:
3.1 April 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 6-0.
4. Open Forum
No one appeared for Open Forum.
5. Public Hearings
• There were no public hearing items.
Economic Development Authority Minutes Page 2
May 21,2018
6.1 Beautification Award Presentation •
Ms. Eddy presented the staff report.
Tamara Ackerman,representing the Elk River Beautification Committee,indicated
the committee is recommending the Beautification Award be presented to Chow
Mixed Grill.
Moved by Commissioner Wagner and seconded by Commissioner Provo to
approve the recommendation from the Beautification Committee to present
the award to Chow Mixed Grill for making substantial improvements to the
exterior of their building in the last year.
Motion carried 6-0.
6.2 EDA Website Update
Ms. Eddy presented her staff report.
Commissioner Olsen arrived (5:36 p.m.).
Commissioners asked for more detailed information on webpage analytics and they
would like it prior to the special meeting on Friday so they have time to review. •
Ms. Eddy presented a Powered by our Business video featuring Sportech. Ms. Eddy
stated the plan is to feature other local businesses in the future.
6.3 Director's Report
Ms. Othoudt presented her director's report.
6.4 Revolving Loan Fund Exemption
Ms. Othoudt presented the staff report. The commission discussed the exemption.
Moved by Commissioner Provo and seconded by Commissioner Blesener to
deny a one-time exemption for the Minnesota Investment Fund, state-funded
revolving loan fund account. Motion carried 7-0.
Commissioner Blesener indicated he would like to discuss how the city's program is
more restrictive than the state during the special EDA meeting on Friday.
7. Other Business
There was no other business.
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Economic Development Authority Minutes Page 3
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May 21,2018
8. Adjournment
There being no further business,President Tveite adjourned the meeting of the Elk
River Economic Development Authority at 6:04 p.m.
Minutes prepared by Jessica Miller.
Dan Tveite, EDA PP resident
Tina Allard, City Clerk
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