07-31-2018 JFC MIN City
Elk
River - Meeting of the Elk River Joint Finance Committee
Held at Elk River City Hall
Tuesday,July,31, 2018
Members Present: Larry Toth,Ryan Hardin,Jim Gromberg,Bryan Provo, Rhonda Magnussen,
Michelle Eder and Nate Ovall (7:45 a.m.) -
Members Absent: Chad Vitzthum and Dan Tveite
Staff Present: Amanda Othoudt, Economic Development and Colleen Eddy, Economic
Development Specialist
Others Present: Brian Brehmer, Ralphie's Minnoco.
. Call Meeting to Order
Pursuant to due call and notice.thereof, the meeting of the Elk River Joint Finance
-,Committee was called to order at 7:40 a.m.
2. Consider Agenda .
Motion by Toth and seconded by Eder to approve the July 31, 2018,Joint Finance
Committee agenda.
Motion carried 6-0.
3. Consent Agenda ,
Motion by Hardin and seconded by Magnussen to approve the July 31,2018 Joint
Finance Committee consent agenda:
3.1. June 26,2018 Joint Finance Committee meeting minutes
3.2. Revolving Loan Fund Balance report.
Motion carried 6-0.
4.1 Energy Efficiency Microloan Application for Ralphie's Minnoco
Ms. Othoudt presented the staff report. Members discussed various aspects of the
application. Member Ovall abstained in the discussion and the vote as Brian Brehmer is a
customer of the Bank of Elk River.
Motion by Provo and seconded by Magnussen to recommend approval of the Energy
Efficiency Microloan Application for Ralphie's Minnoco, as outlined in the staff
report.
. • . . A.- - . . . .. . .
y. .
Motion carried 6-0 all in favor. Member Ovall abstained.
Motion by Toth and seconded by Eder to approve the Energy Efficiency Microloan
Application for Ralphie's Minnoco with the inclusion of the terms reflected in the
staff report. Motion carried 6-0 in favor. Member Ovall abstained.
5.I Announcements
Amanda will be on vacation from August 7th—20th Colleen will be attending the State
hosted FAM tour August 21st—August 24th.
6. Adjournment
There being no further business,Mr. Gromberg adjourned the meeting at 8:05 a.m.
Minutes prepared by Colleen Eddy.
Tina Allard
C C rk
a a Othoudt
onomic Development Director