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6.2 EDSR 11-21-2016
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6.2 EDSR 11-21-2016
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11/18/2016 10:31:41 AM
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City Government
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11/21/2016
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Downtown Beautification Committee <br /> We continue to work on finding members for the Downtown Beautification Committee. We are seeking <br /> 5 community members to participate in the committee. We anticipate appointing the new members at a <br /> December work session. <br /> National Development Council Economic Development Finance Training <br /> I have completed the last of four classes in October. I will be notified in approximately 6 weeks if I have <br /> successfully passed my last exam. In the event I do,I will be a designated Economic Development <br /> Finance Professional (EDFP). <br /> DEVELOPMENT ACTIVITY <br /> Heritage Millwork <br /> We received a financial application from Annie Deckert on behalf of Heritage Millwork for a$100,000 <br /> Industrial Incentive Microloan.We are processing the review of this application internally and will <br /> present this to the Finance Committee at their November 29 meeting. <br /> Joplin Property Project <br /> We recently received the quitclaim deed from MnDOT that will extinguish the highway easement on the <br /> remnant parcels of the property.This is one of the final tasks in this very complex land assembly project. <br /> We are now gearing up to close on the property in December or early January. The developer will be <br /> working with staff as they complete the final site design and determine new locations to relocate utilities. <br /> They anticipate breaking ground in the spring. <br /> Revolving Loan Fund Balance Reports <br /> At the request of the members,a copy of the Revolving Loan Fund report is attached. <br /> Financial Impact <br /> None <br /> Attachments <br /> • Revolving Loan Fund Balance Report (October 17,2016) <br />
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