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MINUTES <br />`� ECONOMIC DEVELOPMENT COMMITTEE <br />DECEMBER 21, 2010 <br />MEMBERS PRESENT: Cindy Rieck, Ed Larsen, Tommy Woog, and Mark Jurchen <br />MEMBERS ABSENT: Patrick Smith <br />ALSO PRESENT: Sandy Peine, City Clerk; Dawn Bittner, Zoning <br />Administrator; and Ruth Ann Hansen, Chamber of <br />Commerce; Sheila Haverkamp, BLADC <br />1. Call Meetin� to Order <br />The meeting was called to order by Chair Larsen at 8:05 a.m. <br />2. A�proval of Minutes <br />MOTION BY MARK JURCHEN TO APPROVE THE 10/19/2010 EDC MINUTES. <br />SECONDED BY CINDY RIECK. MOTION CARRIED 4-0. <br />�— 3. Business Subsid Py olicv <br />The EDC reviewed the Business Subsidy Policy and the JOBZ Policy. The Clerk <br />explained that Briggs and Morgan has reviewed the policy and has made a few <br />recommended amendments to the policy. The Clerk explained that the amendments were <br />driven by State Statute. She noted that the biggest change has to do with the amount of <br />assistance required to trigger the business subsidy law which is a subsidy in the amount <br />of $150,000 or more. Sheila Haverkamp explained that the business subsidy would be <br />used for tax incentives and loan assistance. <br />MARK JURCHEN MOVED TO RECOMMEND APPROVAL OF THE <br />BUSINESS SUBISDY AND JOBZ POLICIES TO THE CITY COUNCIL TO <br />REQUEST THE COUNCIL TO SCHEDULE A PUBLIC HEARING AS <br />REQUIRED BY STATUTE. CINDY RIECK SECONDED THE MOTION. <br />MOTION CARRIED 4-0. <br />4. Discuss Process for Draftin� Incentive Policv <br />The EDC discussed the issue of a policy to offer smaller incentives than the business <br />subsidy policy to encourage growth and development. It was felt that these types of <br />incentives would be over and above this business subsidy policy. <br />� <br />