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Request for Action <br /> <br /> <br />To Item Number <br />Economic Development Authority 6.3 <br />Agenda Section Meeting Date Prepared by <br />General December 17, 2018 Amanda Othoudt, EDD <br />Item Description Reviewed by <br />Director’s Report Cal Portner, City Administrator <br />Reviewed by <br /> <br /> <br />Action Requested <br />Information presented for discussion to keep the EDA updated on development activity. <br /> <br />Background/Discussion <br />BUSINESS VISITS <br />Completed 20 BR&E visits with four more scheduled this month. Please RSVP if you are able to attend. <br /> <br />MISCELLANEOUS <br />Earlier this month, I attended the Economix event. This event hosted 24 site selectors from all over the <br />country. There were numerous opportunities to network with site selectors. Some of the site selectors <br />expressed interest in coming to Minnesota to do some ice fishing! <br /> <br />We received a Letter of Intent to purchase the property located at 17565 Tyler Street. I am still in need of <br />more information on the project, and working with the developer to obtain this. We will be holding a <br />closed session in the next week or so to discuss. <br /> <br />The Realtor Forum was held on Friday, December 14, 2018. <br /> <br />EDA Annual Report will be presented to the EDA in January recapping activities and projects that took <br />place in 2018. <br /> <br />President Tveite was re-appointed by the Mayor to the Commission for six more years. We will be <br />delivering an Oath of Office prior to the meeting in January. <br /> <br />Revolving Loan Fund Balance Reports <br />At the request of Commission, a copy of the Revolving Loan Fund report is attached. <br /> <br />Financial Impact <br />N/A <br /> <br />Attachments <br /> Revolving Loan Fund Report <br /> <br />The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional <br />service, and community engagement that encourages and inspires prosperity <br />