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n <br />EN HILLS <br />CITY OF ARDEN HILLS, MINNESOTA <br />ECONOMIC DEVELOPMENT COMMISSION <br />APRIL 2, 2014 8:00 AM <br />CITY HALL -- 1245 WEST HIGHWAY 96 <br />CALL MEETING TO ORDER <br />Chair Ed von Holtum called the meeting to order at 8:04 a.m. <br />ROLL CALL <br />Present: Chair Ed von Holtum and Commissioners Steve Heikkila, Jim Huninghake, and <br />David Radziej <br />Also Present: Council Liaison Ed Werner, City Administrator Patrick Klaers, Community <br />Development Director Jill Hutmacher, and Associate Planner Matthew Bachler <br />1. APPROVAL OF AGENDA <br />It was the consensus of the Commission to accept the agenda as presented. <br />2. APPROVAL OF MINUTES <br />It was the consensus of the Commission to accept the March 5, 2014, meeting minutes as <br />presented. <br />3. UNFINISHED AND NEW BUSINESS <br />A. Revolving Loan Fund <br />Associate Planner Bachler provided an overview of the City's Revolving Loan Fund (RLF). He <br />explained that the Economic Development Authority (EDA) was currently discussing changes to <br />the RLF, and that staff presented these recommendations to the EDC at their meeting in <br />November 2013. Since then, staff has met with several local bankers to discuss the RLF in more <br />detail and to determine the feasibility of the proposed revisions. <br />Associate Planner Bachler explained that staff would like to present general recommendations <br />on how the RLF program could be restructured at the EDA meeting on April 28, 2014. He <br />requested that the EDC provide staff with any comments after reviewing the feedback received <br />from the local bankers. <br />