04-26-2016 JFC MIN of
Elk
Meeting of the Elk River EDA Finance Committee
River Held at the Elk River City Hall
Tuesday,April 26, 2016
Members Present: Nate Ovall, Dan Tveite,Jennifer Wagner, and Ryan Hardin
Members Absent: P?iiMotin,Larry Toth, Chad Vitzhum
Staff Present: Amanda Othoudt, Economic Development Director; Colleen Eddy,
Economic Development Specialist "
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 7:35 a.m.
2. Consider Agenda
Motion by Wagner and seconded by Ovall to approve the revised agenda. Motion
carried 4-0.
3.0 Consent,Agenda
Motion by Wagner and seconded by Ovall to approve the Consent Agenda including
the March 29, 2016 meeting minutes. Motion carried 4-0.
• 4.1 Annual EDA Microloan Review
Ms. Othoudt continued the microloan review discussion. Member Tveite asked if the forms
are Tillable online. Ms. Othoudt stated that yes applications will be Tillable on the new EDA
website. Member Ovall suggested that an attorney and/or a technical writer review the
policies and applications to keep the verbiage consistent. Ms. Othoudt stated that she would
have the city attorney review all the applications once they have all been reviewed by the
commission.
5.0 Announcements
5.1 Ethanol Technology Verbal Update
Ms. Othoudt gave a verbal update on the Ethanol Technology project. Ms. Othoudt stated
that she received email communications from Ethanol Technology's attorney and hopes to
resolve this matter soon.
6. Adjournment
There being no further business Chair Tveite moved to adjourn the meeting at 8:25 a.m.
Minutes prepared by Colleen Eddy.
•
Tina ard, City Clerk
nda thoudt, Economic Development Director