Laserfiche WebLink
Economic Development Authority Minutes Page 2 <br />May 16, 2016 <br />6.1 Sportech Satisfaction Agreement <br />Ms. Othoudt presented the staff report. <br />Moved by Commissioner Westgaard and seconded by Commissioner Olsen to <br />approve Resolution 16-04 approving the Issuance of a Certificate of <br />Forgiveness and Release of Escrow Agreement for Sportech, Inc., as outlined <br />in the staff report. <br />Motion carried 7-0. <br />6.2 Propose date for EDA Budget Workshop <br />Ms. Othoudt presented the staff report. <br />It was the consensus of the EDA to set July 18, 2016, at 5:00 p.m. as the date to <br />review the 2016 budget. <br />6.3 IEDC Award Submission <br />Ms. Eddy presented the staff report. <br />Councilmember Wagner asked if staff would be attending the 2016 IEDC Annual <br />Conference. <br />Ms. Eddy indicated Ms. Othoudt will be attending the conference and will learn if <br />they are award recipients shortly before the conference. <br />President Tveite stated city staff spent a considerable amount of time preparing for <br />this and will receive good exposure if awarded the Excellence in Economic <br />Development by the IEDC. <br />6.4 Update on Whimsical Windmill <br />Ms. Eddy presented the staff report. <br />Commissioner Westg=d asked if Ms. Eddy could provide a budget figure for future <br />maintenance needs. <br />Ms. Eddy stated the 2016/2017 budget currently has $5,000 available for use on <br />maintenance and improvements. She explained the artist proposed bi-yeatly trips to <br />inspect the windmill gears and ensure they are spinning and working properly, noting <br />any additional maintenance after 2017 would be taken care of by city staff. <br />p 0WEEOEO01 <br />IATUDE <br />