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��i <br /> Eof <br /> lk — - Request for Action <br /> River <br /> To Item Number <br /> Economic Development Authori 6.3 <br /> Agenda Section Meeting Date Prepared by <br /> General Business June 18, 2018 Amanda Othoudt,EDD <br /> Item Description Reviewed by <br /> Director's Report Cal Portner, Ci Administrator <br /> Reviewed by <br /> Action Requested <br /> Information presented for discussion only to keep the EDA updated on development activity. <br /> Background/Discussion <br /> BUSINESS VISITS <br /> Ten BR&E visits have been conducted. Martie's Farm Service is scheduled for July 8, 2018. More visits <br /> continue to be scheduled. Please RSVP if you are able to attend. <br /> MISCELLANEOUS <br /> Beautification Awards <br /> No applications were received this month for the Committee to review, thus the meeting was cancelled. <br /> Staff continues to advertise the program on our social media outlets and platforms. <br /> Orluck Industries, Inc. <br /> A Jobs Incentive Microloan application was received from Orluck Industries. The Finance Committee is <br /> scheduled to review the application at their regularly scheduled meeting on June 26, 2018 at 7:30 a.m. <br /> Land Acquisition and Sale Policy <br /> I have completed a few draft policies related to land acquisition and sale which is currently being <br /> reviewed by our attorney. I would like to schedule a future work session to discuss the policies. <br /> Business Incubator Policy <br /> Our attorney has completed the review of the draft policy with the changes suggested by the commission. <br /> I would also like to schedule a future work session to review and discuss this policy. <br /> Revolving Loan Fund Balance Reports <br /> At the request of members, a copy of the Revolving Loan Fund report is attached. <br /> Financial Impact <br /> N/A <br /> Attachments <br /> ■ Revolving Loan Fund Report <br /> ■ Initiative Foundation Thank You Letter <br /> The Elk River Vision <br /> A Y�elcoming community nvith revolutionary and spirited resourcefulness, exceptional P U W E H E o s r <br /> service, and community engagement that encourages and inspires prosperity ,g /` UR <br />