07-25-2017 JFC MIN \tz,
ffitElk Meeting of the Elk River EDA Finance Committee
River Held at the Elk River City Hall
Tuesday,July 25, 2017
Members Present: Larry Toth, Ryan Hardin,Dan Tveite,Jim Gromberg,Bryan Provo, Chad
Vitzthum, Nate Ovall,and Michelle Eder
Members Absent: None
Staff Present: ' Amanda Othoudt, Economic Development Director and Colleen Eddy,
Economic Development Specialist
Others Present: Rhonda Magnussen (7:47 am)
1. ° Call Meeting to Order
Pursuant to due call and notice thereof, the,meeting of the Elk River Finance Committee
was called to order at 7:32 a.m.
2. Consider Agenda •
Motion by Ovall and seconded by Gromberg to approve the agenda. Motion carried
8-0.
3.0 Consent Agenda
Motion by Toth and seconded by Gromberg to approve the consent agenda. Motion
carried 8-0.
4.1 Application for Committee—Rhonda J. Magnussen
Ms. Othoudt presented the staff report and reviewed Rhonda's application. She also
introduced Michelle Eder to the group as the newly appointed HRA representative. The
group discussed Rhonda's application.
Motion by Thoth and seconded by Gromberg to approve Rhonda J. Magnussen's
appointment to the Joint Finance Committee. Motion carried 8-0.
5.1 Announcements
5.1 Ethanol Technology Verbal Update
Ms. Othoudt gave a verbal overview of this case. Currently there is talk of facilitating a
mediation with both parties. Ms. Othoudt is working with our legal representative at
Campbell Knutson and will keep the group updated and any-future activities. Mr. Provo
asked how much the city has spent on collecting on this debt. Ms. Othoudt stated that the
city has spent around$8,000 so far. Mr. Hardin asked if the outstanding funds could be
assessed to the company's taxes. Ms. Othoudt stated that that was not an option in this case.
i (I
Before adjournment the group and the newest member, Rhonda J. Magnussen introduced
-themselves to each other.
6. Adjournment
There being no further`business, Mr. Tveite adjourned the meeting at 7:55 a.m.
Minutes p pared by Colleen Eddy.
4---1 .
Tina A , City Clerk
Aman a Othoudt, Economic Development Director