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The EDA is asked to approve the Energy Efficiency Micro Loan request for Ralphie's Victory Lane with <br /> the following terms and conditions: <br /> • $74,999 at 3%interest, 10 year term, 10 year amortization <br /> • EDA to secure personal guarantee. <br /> • EDA to obtain subordinate position on 13374 U.S. Highway 10, subordinate position on all <br /> inventory and equipment. <br /> ATTACHMENTS <br /> • EDA Finance Committee Meeting Minutes dated June 6, 2013 <br /> • EDA Micro Loan Fund Policy and Guidelines <br /> • Staff report to EDA Finance Committee re: Ralphie's Victory Lane Micro Loan Application <br /> dated June 6, 2013 <br /> Action Motion by Second by Vote <br /> Follow Up <br /> N:\Departments\Community Development\Economic Development\EDA to move\Agenda\Year2013\6-17-2013\Action Requested-EDA 6-17- <br /> 13 Ralphie's Victory Lane.docx <br />