06-29-2020 EDA MIN SPECIAL\-.
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Members Present:
Members Absent:
Staff Present:
Special Meeting of the Elk River
Economic Development Authority
Held at the Elk River City Hall
Monday, June 29, 2020
(Zoom Due to COVID)
President Dan Tveite, Commissioners Garrett Christianson, Matt
Westgaard, Nate Ovall, Jennifet Wagner, Jeff Harrrig, and Charlie
Blesenet
None
Economic Development Director Amanda Othoudt and Economic
Development Specialist Colleen Eddy
t.
2.
Call Meeting to Order
Pursuant to due call and nod.ce thereof, the meeting of the Elk fuver Economic
Development Authority was called to ordet at 5:30 p.m. by President Tveite.
Roll Call
r Dan Tveite
, Garett Christianson
' Nate Ovall
. Jennifer Wagner. Charlie Blesener
r Matt \il/estgaard
t Jeff Hartwig
COVID-19 Smal! Business Emergency Loan Applications
Ms. Othoudt presented the staff report.
Chair Tveite disclosed he owned an Anytime Fitness in another community and
would abstain from the vote.
Comrnissionet Wagner questioned what the city would do if reporting requirements
weren't met.
Ms Othoudt explained the options the Authority could pursue as noted in the loan
documents.
Moved by Commissioner Blesener and secorided by Commissionet Wagnet to
adopt Resolution 20-04 approving loan agteement and related documents
3.
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Economic Development Authority Minutes
Jtne 29,2020
Page 2
purcuant to Covid-l9 Small Business Emergency Mictoloan Program fot
Pyramid Fitness Group, LLC dba/Anytime Fitness.
Motion caffied 6-0 with Chait Tveite abstaining.
Moved by Commissionet Christianson and seconded by Commissionet
Westgaard to adopt Resolution 20-05 apptoving loan agteement and related
documents pursuant to Covid-l9 Small Business Emetgency Mictoloan
Progtam for Chow Mixed Grill and BBQ, LLC.
Motion carried 6-0 with Commissioner Ovall abstaining as his wife wotks fot
Chow.
Moved by Commissioner Christianson and seconded by Commissioner
Wagner to adopt Resolution 20-06 approving loan agreement and telated
documents pursuant to Covid-l9 Small Business Emetgency Microloan
Program for Daddy O's Caf6Inc.
Motion carried 7-0.
Moved by Commissioner Westgaard and seconded by Commissionet Wagner
to adopt Resolution 20-07 approving loan agteement and telated documents
pursuant to Covid-l9 Small Business Emetgency Microloan Program fot
Inspire Studio, LLC.
Motion carried 7-0.
4. Administration of COVID- l9 Small Business Emergency Loan
Program
Ms. Othoudt presented the staff tePort.
Commissioner Ovall stated this is consistent with what he expected so action could
be taken quickiy to help businesses.
Commisioner STagner questioned if there is an opporn-rnity for an applicant to
appeal.
Ms. Othoudt stated yes.
Chair Tveite stated the Open Forum process is available also. He asked thete be a
report to the Authority on a monthly basis in a generic manner so businesses
wouldn't be called out.
Moved by Commissioner Westgaard and seconded by Commissioner Hartrwig
to adopt Resolution 20-08 relating to Covid-l9 Small Business Emetgency
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Economic Development Authority Minutes
Jrne 29,2020
Page 3
Microloan Program with an amendment to add a monthly report to the
Authority.
Motion carried 7-0.
Commissionet Wagner asked how this program is being marketed.
Ms. Othoudt stated it is on the economic development website and social media
postings.
Commissionet Wagnet suggested adding it to the city website.
Commissioner Ovall concurred and would like it to be a link from the city site.
Chair Tveite stated it is on the EDA page and was easy to find.
5. Adiournment
There being no further business, President Tveite adjourned the meeting of the Elk
fuver Economic Development Authority at 6:01 p.m.
I{inutes prepared by City Clerk Tina Allard.
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Dan Tveite, EDA President
Tina Allard, City Clerk
?0rI8tt tI
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