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