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Economic Development Authority Minutes Page 2 <br /> April 17,2017 <br /> 6.I Microloan Policy <br /> Ms. Othoudt presented her staff report. <br /> (Commissioner Ovall arrived 5:37 p.m.) <br /> Commissioner Blesener indicated the policy states micro-brewery loans are only <br /> available to business and property owners in the Downtown Area and he thought the <br /> intent was to amend the policy to include micro-brewery loans anywhere within the <br /> city limits. Ms. Othoudt stated that is an error and she will correct the policy to allow <br /> micro-brewery loans within city limits. <br /> Moved by Commissioner Olsen and seconded by Commissioner Westgaard to <br /> approve the amended Economic Development Authority Microloan Fund <br /> Program Policy. Motion carried 7-0. <br /> 6.2 Jobs Incentive Microloan Policy <br /> Ms. Othoudt presented her staff report. <br /> Moved by Commissioner Blesener and seconded by Commissioner Olsen to <br /> approve the Economic Development Authority Jobs Incentive Microloan <br /> Program and Policy. Motion carried 7-0. <br /> 6.3 Tax Abatement Policy <br /> Ms. Othoudt presented the staff report. <br /> Moved by Commissioner Westgaard and seconded by Commissioner <br /> Blesener to approve the amended Economic Development Authority Tax <br /> Abatement Policy and Application. Motion carried 7-0. <br /> 6.4 Beautification Policy— Revised <br /> Ms. Othoudt presented the staff report. <br /> Moved by Commissioner Wagner and seconded by Commissioner Olsen to <br /> approve the revised Economic Development City Beautification Policy. <br /> Motion carried 7-0. <br /> 6.5 Director's Report <br /> Ms. Othoudt presented her director's report. <br /> 7. Announcements <br /> There were no announcements. <br /> NATURE <br /> O I f R E I I Y <br />