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Memo To The EDA Finance Committee Page 4 <br /> July 18, 1995 <br /> As with previous EDA loans, this loan will be secured by a second mortgage • <br /> on the Custom Cutter property, plus a Promissory Note and Personal <br /> Guarantee signed by Mr. Kermit Bode and Mr. Curt Jacobson. <br /> Availability Of Funds <br /> The EDA Microloan had a cash balance (that is, funds available to eligible <br /> projects) of$147,856 as of June 30, 1995. This is an increase of over $11,053 <br /> from the May of 1995 cash balance of$136,082.87. <br /> Presentation <br /> Kermit Bode and Kurt Jacobson will be in attendance to make a presentation <br /> to the Finance Committee regarding their loan request. <br /> S:EDA/CCGrind <br />