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Item # 5 <br /> 4110 fj <br /> City of <br /> Elk <br /> River <br /> MEMORANDUM <br /> TO: Economic Development Authority <br /> FROM: Heidi Hall, Economic Development Assistant ft(-1- <br /> DATE: October 14, 2002 <br /> SUBJECT: Business Incubator Update <br /> Attachment <br /> • Business Incubator Advisory Committee Minutes, September 17, 2002 <br /> Issues <br /> Semi-annual Incubator Report-Harlan Jacobs, Genesis Business Centers <br /> • Mr.Jacobs will be present at the meeting to provide the EDA with an update on current <br /> Incubator tenants and prospects. <br /> Incubator Advisory Committee Meeting <br /> The Advisory Committee met on September 17th to discuss future lease options for the <br /> Incubator Program. The Committee recommends that the EDA consider at least a one-year <br /> lease renewal with building owner,Larry Hickman. <br /> Recommendation <br /> Staff recommends that the EDA consider authorizing the negotiation of a lease renewal with <br /> building owner Larry Hickman for at least 1-2 years per the Advisory Committee's <br /> recommendation. Terms for the lease renewal may be presented for the EDA's <br /> consideration at a later date. <br /> • <br />