Laserfiche WebLink
Economic Development.Committee <br /> Meeting Mmmts 08-09-05 <br /> VL UPDATES <br /> County Road 14/Downtown Revitalization <br /> This item was discussed under Committee Business. <br /> i <br /> ` M11192104a QUIRIVIR&Q M Fend <br /> City Administrator Larson gave the committee a brief review on what the Minnesota Capital <br /> Fund is and what it involves. He stated it is revolving fund in which the City invested $50,000 <br /> and is basically a loan program for business; it is not a grant program, but more like gap <br /> financing, loans can be generated up to $500,000. At this time Main Street Bank has been <br /> informed of this program, but other ways of making the information known to businesses will <br /> have to be determined. <br /> Joint Meeting with City CouncWLMC on EDC/EDA <br /> This item was discussed under Committee Business. <br /> Budget Review <br /> This item was not discussed. <br /> VII. ADJOURNMENT <br /> Motion was made by Vice-Chairperson Ebel, seconded by Committee Member Fischbach <br /> to adjourn the August 12, 2005 Economic Development Committee at 8:20 p.m. All in <br /> favor. Motion passed unanimously. <br /> Transcribed by Kim Stephan <br /> 5 of 5 <br /> 131 <br />