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EDC Minutes <br />April 21, 2009 <br />Page 2 of 2 <br />------------------- - - - - -- <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 />1�11 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 <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 />Re ectfull sub tted, <br />Sand y Peine <br />\.., <br />City Clerk <br />2 <br />