EDSR MEMORANDUM 12-13-1994 - Laserfiche WebLink

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has subsequently relocated from St. Paul to. St. Cloud. MBFI Board members would likely resist any efforts by a local CDC to expand its operations into, say, Wright and Sherburne counties . This is suggested in light of the fact that a local CDC such as Twin Cities-Metro "packages" a loan request free of charge while MBFI will only accept a loan request that has been packaged by the small business operator or by a consultant retained by the small business . The Chair of the County' s Economic Development Council submitted an update on the status of a CDC by way of a letter dated November 28th. This letter is included in the agenda packet it suggests that a local CDC such as CRDC or Twin Cities-Metro currently have the capability of packaging loans in Sherburne County. We do not believe this is the case. Toward that end, the writer of this memo is attempting to arrange for a meeting with representatives of the SBA Minneapolis office, the County's Economic Development Council, Twin Cities-Metro, and MBFI to ascertain how this expansion issue can be resolved. 9 . EDA Board Composition In November and December of 1992, the EDA Commissioners 411 and City Council discussed the concept of adding at least one more non-elected resident to serve on the seven-member EDA in an at-large capacity. This discussion progressed to a December 7th public hearing that was conducted by the City Council . The hearing was continued to February 1, 1993 . Minutes from the February 1st meeting are included in the agenda packet. Following the public hearing, it was the consensus of the City Council for the EDA to remain as a seven-member Commission comprised of five elected members and two non-elected members for at least one year It was generally agreed that this issue would again be discussed in the future - at some time prior to the next municipal election. On this basis, the topic of modifying the composition of the EDA has been placed on the December 13th agenda. I hope that the newly-elected Councilmembers have found that the EDA does not operate unilaterally against, say, the direction of the City Council. In fact, most EDA projects require Council approval before they are implemented. In addition, EDA Task Forces such as the business park endeavor have included EDA Commissioners who serve in the non-elected at-large capacity as well as EDA Commissioners who are also City Councilmembers Hopefully, this ensures continuity with Council direction.