06-26-2018 JFC MIN City of
Elk
River Meeting of the Elk River Joint Finance Committee
Held at Elk River City Hall
Tuesday, June 26, 2018
Members Present: Larry Toth, Ryan Hardin,Jim Gromberg,Bryan Provo, Rhonda Magnussen
Members Absent: Nate Ovall, Chad Vitzthum,Michelle Eder, Dan Tveite
Staff Present: Amanda Othoudt, Economic Development
'Others Present: Jeff Orluck, Orluck Industries, Inc.
1. 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 Gromberg and seconded by Hardin to approve the June 26, 2018,Joint
Finance Committee agenda.
Motion carried 5-0.
3. Consent Agenda
Motion by Gromberg and seconded by Provo to approve the June 26, 2018 Joint
Finance Committee consent agenda:
3.1. January 30, 2018 Joint Finance Committee meeting minutes.
3.2. Revolving Loan Fund Balance report.
Motion carried 5-0.
4.1 Jobs Incentive Microloan Application for Orluck Industries, Inc.
Ms. Othoudt presented the staff report. Members discussed various aspects of the •
application.
Motion by Provo and seconded by Magnussen to recommend approval of the Jobs
Incentive Microloan Application for Orluck Industries, Inc. as outlined in the staff
report.
Motion carried 5-0 all in favor.
.
5.I Announcements
There were no announcements.
6. Adjournment
There being no further business, Mr. Gromberg adjourned the meeting at 8:27 a.m.
Minutes pr pared by Amanda Othoudt.
Tina Allard
City
A - .a Othoudt
conomic Development Director