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ARDEN HILLS EDA JOINT MEETING WITH EDC—JANUARY 26, 2015 7 <br /> Business Expansion and Retention Program — Subject to EDA approval, the EDC is planning to <br /> take the lead with the Business Expansion and Retention (BRE) program. In order for the BRE to <br /> be successful, EDA support and involvement will be necessary. <br /> Revolving Loan Program — The update of the Revolving Loan program has not been completed. <br /> Staff anticipates getting final recommendations to the EDA in 2015. <br /> MOTION: EDA Commissioner McClung moved and EDA President Grant seconded a <br /> motion to approve the 2015 EDA Work Plan as presented and discussed. <br /> The motion carried unanimously (5-0). <br /> 4. EDA COMMISSIONER COMMENTS <br /> None. <br /> 5. ADJOURN <br /> MOTION: EDA President Grant moved and EDA Commissioner McClung seconded a <br /> motion to adiourn the Economic Development Authority meeting. The <br /> motion carried unanimously (5-0). <br /> EDA President Grant adjourned the special Economic Development Authority meeting at 6:59 <br /> p.m. <br /> Jill utmac er David Grant <br /> E ecutive Director EDA President <br />