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Request for Action <br />To <br />Item Number <br />Economic Development Author' <br />6.3 <br />Agenda Section <br />Meeting Date <br />Prepared by <br />General Business <br />January 19, 2016 <br />Amanda Othoudt, EDD <br />Item Description <br />Reviewed by <br />EDA Sub Committee Appointments <br />Cal Portner, City Administrator <br />Reviewed by <br />Action Requested <br />1. Approve, by motion, the continuation of the members of the Economic Development Finance <br />subcommittee. <br />2. Approve, by motion, appointment of the three new members of the Beautification subcommittee. <br />Background /Discussion <br />EDA Bylaws suggest the Economic Development Authority consider appointments to all existing <br />committees as necessary. The appointment and /or removal of committee members are at the discretion <br />of the EDA. All committees may not be necessary for 2016. <br />Currently, the EDA hosts one subcommittee, the Finance Committee and recently created a second <br />subcommittee, the City Beautification Committee. The Finance Committee provides the EDA with a <br />technical and politically neutral analysis of applications including microloan, tax abatement, and tax <br />increment financing applications. They meet on an as- needed basis, generally before the work day or <br />during lunch. Other committees identified in the Bylaws for Marketing, Prospecting, and Research and <br />Development are not established. <br />The Finance Committee consists of 7 members: 2 EDA members and at large members representing <br />various constituencies, including banking, real estate, law, and the general community. Jim Gromberg <br />was recently appointed to the EDA finance committee at the December 19 work session. Current <br />members are: <br />EDA: Dan Tveite <br />EDA: Nate Ovall <br />Banking: Chad Vitzthum <br />Banking: Nate Ovall <br />Law: Open <br />Real Estate: Ryan Hardin <br />At Large: Larry Toth <br />At Large: Jim Gromberg <br />The newly created City Beautification Committee serves to recognize business owners who have made an <br />effort to clean, repair, improve, and enhance the overall aesthetics of their property to maintain the beauty <br />of their neighborhood. This committee encourages community improvements while enhancing our city's <br />visual image and economic vitality. They meet on a monthly basis, generally during lunch. <br />B'01WIRE0 0I <br />A <br />