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ECONOMIC DEVELOPMENT ADVISORY COMMITTEE <br />AGENDA ITEM 3A <br />STAFF ORIGINATOR: Michael Grochala, Community Development Director <br />EDAC MEETING DATE: April 4, 2019 <br />REQUEST: Lyngblomsten Request for Financial Assistance <br />BACKGROUND <br />The City has received a request for financial assistance from Lyngblomsten. The City Council <br />will be having a preliminary discussion on the request at the April 1, 2019. A copy of the staff <br />report and memorandum from our financial advisor, Springsted Inc. is attached. <br />Staff will provide an overview of the request and update of the City Council discussion at the <br />meeting. <br />EDAC CONSIDERATION <br />Staff is comment from the board regarding possible financial assistance for the project. <br />ATTACHMENTS <br />1. April 1, 2019 City Council Work Session Report, Lyngblomsten <br />