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• a variety of parks offered by the Welsh Companies of Eden <br /> Prairie. <br /> It is likely that the EDA will appoint one or more <br /> Commissioners plus those members of the R & D Committee to a <br /> task force to further investigate the merits of a second <br /> Industrial Park-Business Park in Elk River. <br /> 9 . MARKETING CONCEPT <br /> Enclosed in the agenda packet are several drafts of the puzzle <br /> that was discussed at the April EDA meeting. Staff is <br /> proposing that the puzzle would be affixed to a 9x6 piece of <br /> paper (80# or greater) and would be mailed to a variety of <br /> industry-specific companies, such as : <br /> - Mold makers <br /> - Plastic Injection companies <br /> - Electronics companies <br /> - Bio-tech companies <br /> - Commercial and Industrial Realtors <br /> This mailing would be followed up by a second mailing which <br /> would include the City' s brochure, etc. Personal follow-ups <br /> would also occur. <br /> 111 <br /> ACTION REQUESTED <br /> The EDA is asked to approve the art work for the latest <br /> marketing concept. <br /> 10 . PROSPECT STATUS REPORT <br /> The Prospect Status Report has been sent under separate cover. <br /> 12 . STAFF UPDATE(S) <br /> A. Tescom Closing - Closing .on the Tescom project is <br /> scheduled for May 14 . <br /> B. First Time Homebuyer Program - Staff will attend an <br /> allocation meeting in St. Paul on May 12 . The allocation <br /> meeting was necessitated as a result of requests for <br /> mortgage funds exceeding $73 million dollars . Minnesota <br /> Housing Finance Agency only intends to make $47 .5 million <br /> dollars available. Therefore, each applicant requesting <br /> funds will be subject to a lower amount. It is likely <br /> that Elk River' s final allocation will come in at $950,000 . <br /> • <br />