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04-28-14
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04-28-14
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<br />Attachment A <br />NEW BUSINESS 3C <br /> <br /> <br />MEMORANDUM <br /> <br />DATE: January 27, 2013 <br /> <br />TO: Honorable Mayor and City Councilmembers <br /> <br />FROM: Patrick Klaers, City Administrator <br /> <br />SUBJECT: EDA 2014-15 Work Plan <br /> <br /> <br /> <br />Background/Discussion <br /> <br />At the January 28, 2013, Economic Development Authority (EDA) meeting, the EDA approved <br />th <br />their 2013-14 work plan. Attached is this work plan it is included as part of my January 28 <br />agenda memo to the EDA. At this January 28, 2013 EDA meeting, review of the <br />building and site was added to the work plan. <br /> <br />Overall, the EDA did a good job in making progress on the 2013-14 work plan. The EDA held <br />their four quarterly meetings and had two special meeting in 2013 (one on the Business Subsidy <br />policy and one on the Revolving Loan program). The only work plan item that did not get much <br />attention last year was a review of TIF #3. <br /> <br />At this January 27, 2014 <br />in the 2014-15 work plans. I will then present the work plan for consideration and approval at the <br />April EDA meeting. <br /> <br />Possible topics/issues for the EDA to consider for their 2014-15 work plan include the following: <br /> <br /> <br />Round Lake Road improvement project This is really a City Council project but it is <br />related to economic development as it impacts local businesses. Also, the EDA approved <br />using TIF #2 funds to help finance this project (about $160,000). <br /> <br />Revolving Loan program the EDC will be reviewing <br />comments from their August 2013 special meeting and will offer the EDA some feedback <br />on the program. The EDA should plan to update the Loan Guidelines in 2014. Any <br />update needs to be reviewed by DEED. The Guidelines have not been updated since they <br />were approved in 1997. <br />12 <br />Page of <br /> <br />
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