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4.1 EDA DRAFT MINUTES 07-15-202407-11-2024 10:13 AM ELK RIVER CITY COUNCIL REPORT PAGE: 1 VENDOR SORT KEY DESCRIPTION FUND DEPARTMENT AMOUNT_ E C M PUBLISHERS INC NOTICE OF PH, EDA EDA Economic Development 129.00_ TOTAL: 129.00 ELK RIVER AREA CHAMBER OF COM ERACC GOLF TOURN-BOX LUNCH EDA Economic Development 10.00_ TOTAL: 10.00 CITY OF ELK RIVER REIMB SALARIES, SUP, FUEL- EDA Economic Development 9,453.04 REIMB SALARIES, SUP, FUEL- EDA Economic Development 1,050.00 REIMB SALARIES, SUP, FUEL- EDA Economic Development 716.47 REIMB SALARIES, SUP, FUEL- EDA Economic Development 582.16 REIMB SALARIES, SUP, FUEL- EDA Economic Development 138.30 REIMB SALARIES, SUP, FUEL- EDA Economic Development 2,392.20 REIMB SALARIES, SUP, FUEL- EDA Economic Development 0.98 REIMB SALARIES, SUP, FUEL- EDA Economic Development 5.58_ TOTAL: 14,338.73 JOSHUA MOLLAN REIMB MILEAGE&PARKING 6/20 EDA Economic Development 108.32_ TOTAL: 108.32 ORANGEBALL, INC. SOCIAL POSTS JUNE/JULY EDA Economic Development 1,500.00_ TOTAL: 1,500.00 STAR BANNERS PRINTED BANNERS-EDA EDA Economic Development 630.00_ TOTAL: 630.00 =============== FUND TOTALS ================ 920 EDA 16,716.05 -------------------------------------------- GRAND TOTAL: 16,716.05 -------------------------------------------- TOTAL PAGES: 1 Request for Action To Item Number Economic Development Authority 7.1 Meeting Date Prepared By July 15, 2024 Brent O'Neil, Economic Development Director Item Description Reviewed by General Updates Cal Portner Action Requested Item is presented for information and discussion purposes. Background/Discussion This item is an opportunity to discuss relevant topics and other non-action items of the board. This includes committee updates. Financial Impact N/A Mission/Policy/Goal Support Elk River’s existing businesses through relationship building, programmatic offerings, and high-quality city services. Attachments None The Elk River Vision A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community engagement that encourages and inspires prosperity Request for Action To Item Number Economic Development Authority 9.1 Meeting Date Prepared By July 15, 2024 Brent O'Neil, Economic Development Director Item Description Reviewed by 2025 Budget Workshop Cal Portner Action Requested Item is presented for information and discussion purposes. Background/Discussion Staff's initial work on the budget for 2025 is substantially carrying forward existing budget items and similar expenditure amounts from 2024. Goals and objectives are similar as well. In addition to discussion on those items staff wishes to discuss potential new initiatives for 2025. Among them are new development land and considering visitor recruitment and tourism-oriented activities, potentially in partnership with the Chamber. Following the workshop, staff will work to finalize the preliminary budget for EDA consideration and adoption in August. The budget adopted by the EDA will be presented to the City Council in September for inclusion in the preliminary levy. Financial Impact N/A Mission/Policy/Goal EDA bylaws require an annual budget workshop to plan for the upcoming year. Attachments 1. EDA Workshop Draft Goals 2. EDA Workshop Draft Budget The Elk River Vision A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community engagement that encourages and inspires prosperity