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MAS Technologies was the second company to meet with the Business <br /> iIncubator Advisory Committee. MAS Technologies was recently <br /> approved for, and received, a $50,000 convertible loan from the Anoka <br /> Sherburne County Capital Fund. A primary qualification for this loan <br /> was that MAS Technologies is required to relocate its administrative <br /> and assembly operations to Elk River within four months of April 1, <br /> 1997. MAS Technologies has viewed the Business Incubator space and <br /> is currently working with staff on issues related to the potential <br /> sublease. They would lease approximately 3,800 square feet in the <br /> incubator facility, leaving a total of approximately 4,000 square feet <br /> for future member companies. <br /> Improvements to the Business Incubator space are proceeding as <br /> planned and should be completed, with the exception of the bathroom <br /> facilities, on April 15, 1997. Staff continues to work on the following <br /> issues regarding the remodeling project: <br /> • Building signage <br /> • Changes to accommodate SolarAttic and MAS Technologies <br /> spaces. <br /> • 6. Discussion of Strategic Planning Presentation <br /> The Strategic Plan for Economic Development will be presented to the <br /> Mayor and City Council at a worksession on April 21, 1997, 5 to 6 p.m., <br /> in the Training Room at City Hall. Other groups invited to attend <br /> include: <br /> • EDA/HRA <br /> • Chamber Board <br /> • Utilities Commission <br /> • Planning Commission <br /> 7. Presentation of 1996 Annual Report <br />