2024-09-16 EDA Packet - Laserfiche WebLink

Home Browse Search

City of Centerville EDA Meeting Minutes August 21, 2024 1.Bills a.Check List Executive Director Lewis reviewed the bills as presented in the packet. Motion by CommissionerSwenson and seconded by Commissioner Mosher to approve the bills. All in favor. Motion carried. 2.Communications a.None VI. PRESENTATION a.None VII. REPORTS 1. Partner Agency Reports a.Anoka County Regional Economic Development (ACRED) Executive Director Lewis reviewed the report as presented in the packet. 2. Year to Date Financials Executive Director Lewis reviewedthe financial report as presented in thepacket. Motion by Commissioner Swenson and seconded by Commissioner Taylor to approve the financial report as presented. All in favor. Motion carried. 3.Ongoing Programs: Executive Director Lewis reviewed the Ongoing Programs report as presented in the packet. 4. Administrator’s Report Executive Director Lewis reviewed the Administrator’s Report as presented in the packet. VIII. OLD BUSINESS 1.None IX. NEW BUSINESS 1.Revolving Loan and Grant Program Guidelines Executive Director Lewis introduced the item aspresented. Discussion ensued about the monies set aside in the HRA fund for the City’s Revolving Loan and Grant program(RLGP). Executive Director Lewis explained that in 2021 the County approved a resolution from the city to set aside $25,000 for theCity’sRLGP; the resolution did not specify an expiration date, so the funds are available until they are used. Executive Director Lewis added that after the release of HRA funds from the County forthe St. Genevieve’s project, the approved balanceset aside for RLGP, would be about ~11,000. Executive Director Lewis added that having the County approvea funding request from the City ahead of anticipated applications is beneficial to the applicant because the 2