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• ACTION REQUESTED <br /> Upon its review of the Water Laboratories loan request, the EDA <br /> Finance Committee is asked to make a recommendation to the EDA <br /> Commissioners regarding the funding of this loan. The EDA will <br /> meet on September 13, 1993 to consider this matter. <br /> As with previous EDA loans, this loan would be secured by a <br /> mortgage on the Water Laboratories site plus a promissory note <br /> and personal guaranty signed by the applicant. <br /> AVAILABILITY OF FUNDS <br /> The EDA Revolving Loan Fund had a cash balance (that is , funds <br /> available for eligible projects) of $174, 900+ as of July 31, <br /> 1993 . This is an increase from the June 30, 1993 balance of <br /> $166,500+. <br /> PRESENTATION <br /> Mr. Kevin -Kloeppner and Ms. Lisa Maurer, First American <br /> • National Bank of St. Cloud, will make a short presentation to <br /> the Finance Committee regarding the loan request by Water <br /> Laboratories . <br />