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• In addition, entities such as the Bank of Elk River also <br /> recognize the value of this organization and have pledged <br /> to purchase stock in the multi-county organization. <br /> Lastly, a luncheon seminar was sponsored by the County EDC <br /> wherein a presentation was made to banks that are active <br /> in the County. It is anticipated that the combined <br /> pledges of all of these entities will exceed the $10,000 <br /> in new stock purchases for the expansion into Sherburne <br /> County. <br /> A final presentation to the Sherburne County Board is <br /> expected on April 20 . Thereafter, the Coon Rapids <br /> Development Company Board will likely authorize the <br /> submission of an application to the SBA requesting this <br /> territorial expansion. Final approval by the SBA may not <br /> occur until mid to late 1993 . <br /> At this writing, it is not known if additional counties, <br /> such as Wright County, will also be requesting service <br /> territory expansion to the Coon Rapids Development Company. <br /> 9 . MARKETING CONCEPTS <br /> • Staff will present one or two novelty marketing concepts <br /> for consideration by the EDA Commissioners at Monday's <br /> meeting. In 1992, the EDA implemented a campaign that <br /> involved mailable beverage coolers. Another unique <br /> concept is planned for 1993. <br /> 10. EDA MAIN STREET SITE <br /> A. Presentation <br /> Mr. Chris Bulow has requested a spot on the EDA <br /> agenda to discuss the R.E.P. Ltd. , concept for this <br /> site. Staff understands that Mr. Bulow is interested <br /> in a partnership with Gary Santwire to redevelop this <br /> site. <br /> B. Other Developer Interest <br /> As EDA Commissioners are aware, John Weicht and Rob <br /> VanValkenburg continue to express interest in the <br /> site and may be in a position to introduce their <br /> concepts to the EDA on Monday evening. <br /> C. Park and Rec Concepts <br /> At a recent Park and Recreation Commission meeting, <br /> Commissioners expressed some interest in converting <br /> the site to a park or open space use. Because the <br /> EDA holds title to the property, protocol suggests <br />