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Request for Action <br /> <br /> <br />To Item Number <br />Economic Development Authority 6.2 <br />Agenda Section Meeting Date Prepared by <br />General Business July 16, 2018 Amanda Othoudt, EDD <br />Item Description Reviewed by <br />Directors Report Cal Portner, City Administrator <br />Reviewed by <br /> <br />Action Requested <br />Information presented for discussion only to keep the EDA updated on development activity. <br /> <br />Background/Discussion <br />BUSINESS VISITS <br />Ten BR&E visits have been conducted. More visits continue to be scheduled. Please RSVP if you are <br />able to attend. <br /> <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 /> <br />Ralphie’s Minnoco <br />A loan modification request was received from Brian Brehmer for his energy efficiency microloan and <br />will be reviewed at the July 31, 2018, Joint Finance Committee meeting. <br /> <br />Energy Efficiency Microloan Requests <br />Staff received two inquiries this month for the Energy Efficiency microloan program. However, ERMU <br />has exhausted all of their rebate dollars for the year. <br /> <br />Revolving Loan Fund Balance Reports <br />At the request of members, a copy of the Revolving Loan Fund report is attached. <br /> <br />Financial Impact <br />N/A <br /> <br />Attachments <br /> Revolving Loan Fund Report <br /> <br />The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional <br />service, and community engagement that encourages and inspires prosperity <br />