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EDC Minutes <br /> April 21, 2009 <br /> Page 2 of 2 <br /> • levy <br /> • bonding <br /> The EDC realized that the funds are tight at this.time, but also realized the need to <br /> plan for the future. The EDC felt it was important to move forward knowing that <br /> if a grant is received and funds are not available for the City's equity contribution, <br /> the City will always have opportunity to back out. <br /> MARK JURCHEN MOVED TO CONTINUE WITH THE SCDP <br /> APPLICATION AND TO CONTINUE RESEARCHING FUNDING <br /> MECHANISMS FOR THE CITY'S PORTION. CINDY RIECK <br /> SECONDED THE MOTION. MOTION CARRIED 4-0. <br /> The EDC suggested that the Council look at methods of funding long term <br /> projects for the City such as a sales tax. <br /> 4. Erika O'Brien, HRA <br /> Erika O'Brien, HRA Director, introduced herself to the EDC. <br /> 5. Industrial Park Property <br /> Mayor Adams suggested that the EDC continue to meet with industrial park <br /> property owners to inform them about the option to split their land to allow for <br /> more businesses in the park. <br /> 6. Next Meeting Date <br /> The next meeting will be held May 19, at 8:00 a.m. <br /> 7. Other Business: <br /> Sheila Haverkamp informed the EDC that BLADC will be working on options for <br /> creative marketing during tough economic times. <br /> 8. Adjournment <br /> There being no further business the EDC meeting adjourned at 9:06 a.m. <br /> Respectfully submitted, <br /> Sandy Peine <br /> City Clerk <br /> 2 <br />