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City of <br /> Request for Action <br /> River <br /> To Item Number <br /> Economic Development Authority 3.5 <br /> Agenda Section Meeting Date Prepared by <br /> Consent Agenda May 19,2014 Brian Beeman,Director of Economic <br /> Development <br /> Item Description Reviewed by <br /> National Development Council (NDC)Approval Jeremy Barnhart,Deputy Director, CODD <br /> for the Director to attend the Final Economic <br /> Development Certification Training. Reviewed by <br /> Action Requested <br /> By motion, approve Brian Beeman, Director of Economic Development to attend the final course for <br /> Economic Development Certification through NDC. <br /> Background/Discussion <br /> Staff proposes the Director attend ED300-The Art of Deal Structuring training September 14-19 in Los <br /> Angeles, CA. <br /> The National Development Council (NDC) offers intense,rigorous courses focused on finance for <br /> economic development professionals. Each course covers as many hours as an average college class,and <br /> culminates in a final examination. Courses teach crucial economic development finance skills. <br /> The course is part of a four-course Economic Development Finance Professional certification. <br /> Information about the course is attached. <br /> Economic development finance is an essential function of the Director's position.Job duties such as <br /> administering the micro-loan fund, assisting prospective clients through the development process and <br /> marketing financing programs all rely heavily on knowledge of economic development financing.The <br /> NDC coursework will help Mr. Beeman establish a better understanding of all of these topics. <br /> September 18 is a regularly scheduled EDA meeting. Mr. Beeman will prepare the agenda packet and <br /> appoint a staff person to fill in for the meeting. Mr. Beeman will be available before or after the NDC <br /> training to answer any questions from the EDA meeting. <br /> Following the completion of this course,Mr. Beeman will be certified as an Economic Development <br /> Finance Professional. <br /> Financial Impact <br /> The tuition is $1125 if paid through early registration.Additional costs incurred from airline tickets, hotel, <br /> food, travel, and parking is estimated at$1,359. <br /> POIEOEO 81 <br /> Template Updated 4/14 NATURE <br />