Economic Development Authority Meeting Minutes for May 02, 2007

Minutes
Mountain Iron Economic Development Authority Meeting
May 2, 2007

President Tony Zupancich called the Economic Development Authority meeting to order at 5:30 p.m. with the following members present: Bob Voss, Mary Jacobsen, Alan Stanaway, Andrea Wilson, Barb Fivecoate and Allen Nelson. Also present was Executive Director, Craig J. Wainio. 

Consent Agenda: 
A motion was made by Barb Fivecoate and supported by Bob Voss to approve the minutes of the April 4, 2007 meeting and to pay the bills owing in the amount of $6,926.14 as presented. Motion carried unanimously by roll call vote.

Public Forum: As no one wished to address the Authority, no open meeting was held.

New Business: 
A motion was made by Allen Nelson and supported by Barb Fivecoate to accept Resolution No. 04-07 of the Mt. Iron E.D.A. designating the American Bank of the North as depository for the E.D.A. Motion passed unanimously.

Committee and Staff Reports:
Park Ridge: Craig Wainio updated the E.D.A. on Park Ridge. Hoover Construction was awarded the site work. Craig is still working with MN Dot to acquire a right-of-way. 

Mountain Timber: It was reported that Mt. Timber has secured investors for the proposed wood pellet plant and are in the process of obtaining MPCA permits.

Taconite Ridge Wind Update: Gary Cerkvenik and John Carroll gave a presentation on the wind project progress. Items discussed included proposed legislative, location updates and time lines. 

A motion was made by Barb Fivecoate and supported by Bob Voss to adjourn the meeting. Motion carried.

President, Tony Zupancich adjoured the meeting at 6:23 p.m.

Respectfully Submitted,

Mary Jacobsen