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ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY <br /> III <br /> MEMORANDUM <br /> TO: ECONOMIC DEVELOPMENT AUTHORITY <br /> FROM: WILLIAM RUBIN,EXECUTIVE DIRECTO <br /> DATE: NOVEMBER 15, 1994 <br /> SUBJECT: AGENDA MEMO FOR NOVEMBER 15, 1994 <br /> EDA MEETING <br /> 5. November Financial Update <br /> The following is a summary from Finance Director Lori Johnson: <br /> Micro-Loan Fund - On October 31, 1994, the Micro-Loan Fund had a cash <br /> balance of $165,078.75. As of Thursday, November 10, all loans were <br /> current with the exception of Alltool. <br /> Block Grant Micro-Loan Fund <br /> The Block Grant Micro-Loan Fund had a cash balance of$15,827.13 on <br /> October 31, 1994. Tescom is current with its loan payment. <br /> Action Requested <br /> This is an informational item only and no action is requested. <br /> 6. Proposal from Training Networks <br /> At the October meeting, Commissioners authorized its executive director to solicit <br /> other proposals regarding an analysis of the City's review and permitting process. <br /> A proposal has been received by Training Networks, 17130 Zeolite Street NW, <br /> Ramsey,Minnesota. This company is owned by Ms. Sandra Bower, a customized <br /> training consultant with 13 years of experience in adult education, instructing, <br /> management, and marketing. Ms. Bower will be joined in this exercise by Ms. <br /> Lee Colby, a senior consultant with the consulting firm of Leadership of the Twin <br /> • Cities. Lee also provides independent consultation in the areas of team work, <br /> P.O. Box 490 • 13065 Orono Parkway • Elk River, MN 55330-1743 • (612) 441-7420 • Fax: (612) 441-7425 <br /> Equal Opportunity Housing and Equal Opportunity Employment <br />