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ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY <br /> • MEMORANDUM <br /> TO: ECONOMIC DEVELOPMENT <br /> AUTHORITY <br /> FROM: WILLIAM RUBIN, EXECUTIVIM_ <br /> DIRECTOR <br /> DATE: OCTOBER 10, 1994 <br /> SUBJECT: AGENDA MEMO FOR OCTOBER 10, <br /> 1994, EDA MEETING <br /> 5. October Financial Update <br /> The following is a summary from Finance Director Lori Johnson: <br /> Micro-Loan Fund The Micro-Loan Fund had a cash balance of <br /> $156,897.97 on September 30, 1994. A loan application fee of <br /> $500.00 from John Weicht and Associates was received in <br /> September. As of Thursday, October 6, all October payments <br /> are current except Americlnn. <br /> Block Grant Micro-Loan Fund The Block Grant Micro-Loan <br /> Fund had a cash balance of$13,236.15 on September 30, 1994. <br /> ACTION REQUESTED <br /> This is an informational item only and no action is requested. <br /> 6. DTED Awards <br /> At DTED's annual Star City Conference, September 21-23, Elk River <br /> was awarded plaques in three categories: <br /> Best Community Marketing Video <br /> Best Overall Marketing Materials <br /> 1994 All-Star Designation <br /> Other categories for DTED awards included Best Business Retention <br /> Program, Best Overall Tourism and Promotion Program, Best <br /> • Community Development Program, Best Marketing Prospect Proposal, <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 />