07-16-2018 EDA MINMeeting of the Elk River
Economic Development Authority
Held at the Elk River City Hall
Monday, July 16, 2018
Members Present: President Dan Tveite, Commissioners Jerry Olsen, Matt Westgaard,
Nate Ovall, Jennifer Wagner, and Charlie Blesener
Members Absent: Commissioner Bryan Provo
Staff Present: Economic Development Director Amanda Othoudt, Economic
Development Specialist Colleen Eddy, and Records Specialist Katie
Porath
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 5:39 p.m. by President Tveite.
2. Consider July 16, 2018 Agenda
Moved by Commissioner Wagner and seconded by Commissioner Westgaard
to approve the July 16, 2018 agenda.
Motion carried 6-0.
3. Consider Consent Agenda
Moved by Commissioner Westgaard and seconded by Commissioner Olsen to
approve the following consent agenda:
3.1 Minutes
• June 18, 2018, Regular EDA Minutes.
• June 18, 2018, Special 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.
Economic Development Authority Minutes Page 2
July 16, 2018
5.1 Orluck Industries, Inc., Microloan
Ms. Othoudt presented the staff report.
Ovall abstained due to possible conflict of interest.
President Tveite opened the public hearing. There being no one to speak to this
issue, President Tveite closed the public hearing.
President Tveite asked if the Finance Committee was in favor of moving the project
forward.
Ms. Othoudt indicated the Finance Committee felt that the microloan met the
fundamental goals of the policy due to the creation of 10 new jobs and the retention
of 54 existing jobs with average wages higher then what is required in our subsidy
policy.
Moved by Commissioner Westgaard and seconded by Commissioner Wagner
to adopt Resolution 18-01 approving loan agreement and related documents
(Orluck Industries Project) as outlined in the staff report.
Motion carried 5-0 with Commissioner Ovall abstaining.
6.1 Marketing Update
Ms. Eddy presented the staff report. She reviewed the proposed advertising and
discussed website usage and statistics.
6.2 Directors Report
Ms. Othoudt presented the staff report. She reviewed the activity of the EDA over
the past month.
The Beautification Committee has seen no recent applications. Ms. Othoudt
encouraged people to nominated local businesses who are making efforts to improve
the appearance of their business for the Beautification Award. She also stated that
there have been some requests for energy efficiency microloans, however, the rebate
dollars from Elk River Municipal Utilities are depleted.
7. Other Business
There was no other business
IPOEB`EA IT
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Economic Development Authority Minutes Page 3
July 16, 2018
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8. Adjournment
There being no further business, President Tveite adjourned the meeting of the Elk
River Economic Development Authority at 5:52 p.m.
Minutes prepared by Katie Porath.
PC ---
Dan Tveite, EDA President
Tina Allard, City Clerk
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