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Consider Micro Loan Request: Daddy-O's Cafe <br />January 25 2007, ED~~ Finance Committee Meeting <br />Page 2 of 2 <br />Staff Recommendation <br />Staff recommends that the Finance Committee consider a recommendation that the EDA <br />approve the $25,000 Downtown Business Revitalization Loan to Daddy-O's Cafe at a fixed <br />interest rate of 3% to be paid back within 2 years with a personal guarantee. The proposed <br />amortization schedule is attached. <br />Next Step <br />The Finance Committee's recommendation will be brought to the EDA for final action at its <br />February 12, 2007 Regular Meeting at 5:30 p.m. <br />