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Memorandum <br /> To: The City of Pequot Lakes Mayor and City Council Members <br /> From: Amy Collins, Brainerd Lakes Area Development Corporation(BLADC) <br /> Re: Request for Economic Development Assistance: <br /> Government Drive and Brunes Royce Addition <br /> Date: March 31, 2006 <br /> Findings for Potential Sources of Funding <br /> BLADC engaged consultant services to research Government Drive and Brunes Royce <br /> funding options. The entire report is attached. This letter will highlight the most viable <br /> options for funding to assist the City with their vision. <br /> Report Explanation <br /> The report lists all sources of funding that were researched. An "X"has been placed in the <br /> column under either Government Drive or Brunes Royce or both if the project had any <br /> chance of receiving this type of funding. If a program is listed, but no"X" is listed under <br /> either column, which will enable us to rule out additional research in the future. <br /> Recommendations <br /> The following sources of funding were identified as a potential fit for these projects: <br /> • Government Drive <br /> • USDA Community Facilities loan and grant program <br /> • Assessing property owners <br /> • Brunes Royce Project <br /> • U.S. EDA infrastructure Funding <br /> • Tax Increment Financing <br /> • DEED Business Development Infrastructure Fund <br /> • Assessing property owners <br />