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• intends to lease space in the West Business Park project proposed by Mr. Santwire. <br /> Until that facility ready, however, IPS would like to lease approximately 1500 SF of <br /> incubator space for a six-month period, where it will be able to administer its <br /> operations and meet with investor and vendors. <br /> The Incubator Advisory Board reviewed IPS' application on July 25, 2000 and is <br /> recommending that the company be admitted to the program. Staff has proposed a <br /> lease of $5.00 per square foot with a 50:50 cash/stock ratio. <br /> Action Requested <br /> Staff requests that the EDA consider the application of Integrated Power Solutions <br /> for admittance to the Business Incubator Program. <br /> Attachments <br /> • Application <br /> • Incubator Advisory Board July 25, 2000 minutes <br /> • <br /> • <br />