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D. Discussion of Allocation of Development Funds <br />Coordinator Bennett explained that the EDA has discussed the attached allocation of excess Tax <br />Increment Funds and has directed staff to pursue the potential purchase\development of <br />several properties along Highway 10. The properties include the blue house on 10 and Long <br />Lake Road, the Auto Central building, the K -Gas site and the Bel Rae Ballroom. Coordinator <br />Bennett said she will keep the EDC posted on these activities and hope to have proposals for <br />the EDC to review this fall. <br />Reports From Chair, Commissioners and Staff: <br />There were no reports <br />Adjournment <br />There being no further business before the Commission, this meeting of the Economic Development <br />Commission adjourned at 8:25 p.m. <br />Respectfully Submitted, <br />Economic,D elopment Coordinator <br />v ; <br />