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<br />. <br /> <br />. <br /> <br />. <br /> <br />Economic Development Authority Minutes <br />January 11, 1993 <br /> <br />Page 5 <br /> <br />the funds of the TIF districts for economic development. He stated <br />that he is in favor of economic development. It was the consensus of <br />the EDA to pursue TIF funds from Districts No. 1 and No. 3 to assist, <br />but the City's capital needs should first be identified before this <br />project is funded. <br /> <br />10. <br /> <br />1993 Work Program <br /> <br />The EDA reviewed the 1993 Work Program presented <br />Development Coordinator. The EDA ~iscussed the issue on <br />Program related to certified ~evelopment companies. <br />explained that the use of an SBA company may answer <br />concerns regarding Revolving Loan Fund uses. <br /> <br />by the Economic <br />the 1993 Work <br />Bill Rubin <br />some of the <br /> <br />COMMISSIONER HOLMGREN MOVED TO ADOPT THE 1993 WORK PROGRAM. <br />COMMISSIONER DIETZ SECONDED THE MOTION. THE MOTION CARRIED 7-0. <br /> <br />11. Prospect Report <br /> <br />The EDA reviewed the Prospect Report which <br />Commissioners under separate cover. <br /> <br />sent <br /> <br />to <br /> <br />the <br /> <br />was <br /> <br />12. Other Business <br /> <br />There was no other business presented. <br /> <br />13. Adjournment <br /> <br />There being <br />THE MEETING. <br />CARRIED 7-0. <br /> <br />no other business, COMMISSIONER HOLMGREN MOVED TO ADJOURN <br />COMMISSIONER DIETZ SECONDED THE MOTION. THE MOTION <br /> <br />The meeting of the Elk River Economic Development Authority adjourned at <br />8:45 p.m. <br /> <br />~~y submitted, <br /> <br /> <br /> <br />Sandra Thackeray <br />City Clerk <br /> <br />