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hi ,�. Request for Action <br /> River <br /> To Item Number <br /> Economic Development Authority 6.3 <br /> Agenda Section Meeting Date Prepared by <br /> General Business January 19,2016 Amanda Othoudt,EDD <br /> Item Description Reviewed by <br /> EDA Sub Committee Appointments Cal Portner, City Administrator <br /> Reviewed by <br /> Action Requested <br /> Approve,by motion,the continuation of the following members for the Economic Development <br /> Finance subcommittee. <br /> Background/Discussion <br /> EDA Bylaws suggest the Economic Development Authority consider appointments to all existing <br /> committees as necessary.The appointment and/or removal of committee members are at the discretion <br /> of the EDA.All committees may not be necessary for 2016. <br /> Currently, the EDA hosts one subcommittee, the Finance Committee. The Finance Committee provides <br /> the EDA with a technical,politically neutral analysis of an application including microloan, tax abatement, <br /> and tax increment financing applications. They meet on an as-needed basis,generally before the work <br /> day or during lunch. Other committees identified in the Bylaws for Marketing,Prospecting, and Research <br /> and Development are not established. <br /> The Finance Committee consists of 7 members: 2 EDA members and at large members representing <br /> various constituencies,including banking,real estate,law,and the general community. Current members <br /> are: <br /> EDA: Dan Tveite <br /> EDA: Nate Ovall <br /> Banking: Chad Vitzthum <br /> Banking: Nate Ovall <br /> Law: Paul Motin <br /> Real Estate: Ryan Hardin <br /> At Large:Larry Toth <br /> At Large:Jennifer Wagner <br /> Financial Impact <br /> N/A <br /> Attachments <br /> • N/A <br /> 11 / EIEI I1 <br /> NATURE <br />