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City Finance Committee Minutes Page 2 <br />June 9, 2014 <br />----------------------------- <br />Committee member Tveite asked if the refinancing portion of the microloan should <br />be removed since it is an ineligible use. Minor adjustments will be made to the policy <br />then submitted to the EDA. <br /> <br />Moved by committee member Lundberg seconded by Motin to approve the <br />Microloan Fund Policy and Guidelines, as presented. Motion carried 4-0. <br /> <br />4.2 Ethanol Technology Default <br /> <br />Director Beeman asked the Committee members how they would like to proceed, as <br />Director Beeman has not received a response from First National Bank. President <br />Tveite, on behalf of the EDA Finance Committee, stated that he would contact First <br />National Bank. <br /> <br />5. Adjournment <br /> <br />There being no further business, Director Beeman adjourned the meeting of the <br />Finance Committee at 8:15 a.m. <br /> <br />Minutes prepared by Colleen Eddy. <br /> <br />_____________________ <br />Tina Allard, City Clerk <br /> <br /> <br />___________________ <br />Brian Beeman, Economic Development Director <br /> <br /> <br /> <br />