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• the City of Elk River. The Elk River HRA adopted the same <br /> practice. For 1993, the City of Elk River has designated the <br /> following banks as the depositories for its funds: <br /> - The Bank of Elk River <br /> - First National Bank of Elk River <br /> - Metropolitan Federal of Elk River <br /> - Primevest ( formerly Bankers Systems Investment Centers) <br /> - Merrill Lynch <br /> - Prudential Bache <br /> - Shearson Lehman Hutton <br /> - Norwest Bank <br /> - Dain Bosworth <br /> - Paine Webber <br /> Following past practice, it is in order to designate the <br /> above-referenced banks as the depositories for EDA funds in <br /> 1993 . <br /> Committee Appointments-Assignments: The EDA currently has <br /> three Committees: Finance, Marketing, and Research and <br /> Development. Membership on the respective Committees is <br /> outlined on a separate attachment in the agenda packet. Past <br /> practice has been to reappoint the same persons to these <br /> Committees - assuming that the Committee members desire to <br /> remain on their respective Committees. <br /> By-laws-Enabling Resolution: The annual meeting also provides <br /> an opportunity to review the EDA's by-laws and Enabling <br /> Resolution for suggested changes if any. However, subject to <br /> proper notice, amendments to the by-laws may be made during the <br /> year as well . In addition, the Enabling Resolution may be <br /> modified throughout the year. <br /> 7 . EXPIRATION OF EXTENSION TO EXCLUSIVE OPTION <br /> On December 14, 1992, the EDA authorized a 30-day extension to <br /> its Exclusive Option with R.E.P. Ltd. This extension is <br /> scheduled to expire on January 11, 1993. At the writing of <br /> this memo, staff is not in receipt of specifics from R.E.P. <br /> Therefore, no information is available for review by EDA <br /> Commissioners. <br /> 8 . LOAN REQUEST FROM ALLEGIANCE REALTY <br /> A separate memo has been prepared for this agenda item. <br /> • 9 . TIF FUNDING ALTERNATIVES <br /> A separate memo has been prepared on this agenda item. <br />