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<br />. <br /> <br />. <br /> <br />. <br /> <br />Economic Development Authority Minutes <br />July 13, 1992 <br /> <br />Page 4 <br /> <br />more information would be required from the purchaser regarding the <br />business. <br /> <br />Commissioner Dwyer suggested that in previous requests, Revolving Loan <br />Funds were used to finance assets like land, building or equipment. <br />Funds to purchase a business become like a venture capital use. <br /> <br />10. Prospect Report <br /> <br />Bill Rubin reviewed the Prospect Report which was sent under separate <br />cover. <br /> <br />11. Adjournment <br /> <br />There being no further business, COMMISSIONER DWYER MOVED <br />THE MEETING. COMMISSIONER KROPUENSKE SECONDED THE MOTION. <br />CARRIED 7-0. <br /> <br />TO ADJOURN <br />THE MOTION <br /> <br />The meeting of the Elk River Economic Development Authority adjourned at <br />7:45 p.m. <br /> <br />~y submitted, <br /> <br /> <br /> <br />sand~a Th::eray <br />City Clerk <br /> <br />