11-23-2011 EDAAEDA Board Meeting
Main Conference Room — City Center
11:30 AM Wednesday, November 23rd, 2011
Updated: 23 November 2011
AGENDA
I. Call to order
II. Approve agenda
III. Review meeting minutes
A. October 26th Board of Directors
B. October 1 gth Finance Team
IV. Review of October financial statements — Andy Reid
V. Director's Report
A. Minnesota Angel Network — monthly report
B. Federal grant status (Industrial Park): $238,955 remaining — still waiting
C. Business Recruitment Update
D. BDPI Grant — DONE!
E. Stritesky Property 2nd half rent paid — received $12,106
F. Downtown Program Outreach
G. Marketing Plan Update
H. Nathan Matti added to Finance Team
VI. Project Update: Depot renovation / Farmer's Market
VII. Potential Levy Reduction due to HMVC change
VIII. Grant & Loan Applications
A. Commercial Loan
Dr. David Mach - Dental Office
36 & 40 Washington Ave.
$130,000
(Approval requested contingent upon all other project financing being approved, loan -to -value ratio,
being satisfied, and all other program rules being met. Loan would be 3rd position behind Bank &
Prairieland EDC)
B. Sign & Awning
Robert McCarthy - Robert Michael's $1559.19
140 Main Street South
IX. Other business
Strategic Planning Meeting - Dec 7th or 14 th?
X. Chamber update
XI. Set next meeting - December 28th
XII. Adjourn