08-01-23 Minutes

Mountain Iron Economic Development Authority

Meeting Minutes

August 1, 2023

A meeting of the Mountain Iron Economic Development Authority was called to order by Barcb Fivecoate at 5:01 p.m. with the following members present: Peggy Anderson, Barb Fivecoate, Peter Zattoni and Brad Gustafson.  Absent members: Mary Jacobsen, Joe Prebeg and Alan Johnson.  Also present: Executive Director, Craig Wainio.

Gustafson moved and Fivecoate seconded to approve the consent agenda.  Motion carried 4-0 on a roll call vote.

Wainio updated on the Woodland Estates estimates.

Fivecoate moved and Zattoni seconded to accept the 2022 Audit.  Motion carried unanimously.

Gustafson moved and Zattoni seconded to approve the Agreement of Subordination for the Heliene project.  Motion carried unanimously. (Copy of which is attached)

Fivecoate moved and Gustafson seconded to approve the Agent Direct Agreement for the Heliene project.  Motion carried unanimously. (Copy of which is attached)

Zattoni moved and Fivecoate seconded to approve the building modifications for the Heliene project.  Motion carried unanimously. (Copy of which is attached)

Fivecoate moved and Zattoni seconded to move the Kootasca Proposal to unfinished business at future meetings.  Motion carried unanimously.

Gustafson moved and Fivecoate seconded to move the Tapestry Proposal to unfinished business at future meetings.  Motion carried unanimously.

moved and Fivecoate seconded to accept the resignation of Mary Jacobsen and send a letter thanking here for her service.  Motion carried unanimously.

Zattoni moved and Gustafson seconded to move the meetings to the second Tuesday of the month to allow Johnson to attend.  Motion carried unanimously.

Gustafson moved and Fivecoate seconded to adjourn the meeting at 5:49 p.m.  Motion carried unanimously.

Respectfully submitted by:

Craig J. Wainio

Executive Director