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EDA Page 4 <br /> Meeting No. 12 February 13, 1995 <br /> 1 the subcommittee to consider when they are developing a plan 1111 <br /> 2 for the corridor. <br /> 3 <br /> 4 Ms . Bennett read the Vision Statement portion of Resolution <br /> 5 No. 95-EDA22 . <br /> 6 <br /> 7 MOTION/SECOND: Hankner/Trude to Adopt Resolution No. 95-EDA22 <br /> 8 Approving the Vision Statement for Highway 10 Corridor in <br /> 9 Mounds View <br /> 10 <br /> 11 VOTE: 5 ayes 0 nays Motion Carried <br /> 12 <br /> 13 Secretary Trude said she felt the Highway 10 Corridor would be <br /> 14 a more attractive area as a result of this Vision Statement <br /> 15 and was pleased with the progress the Economic Development <br /> 16 Commission has made on the project. <br /> 17 <br /> 18 E. Consideration of Resolution No. 95-EDA23 Supporting the <br /> 19 Pursuit of a Small Business Loan Program for Mounds View <br /> 20 Businesses as Recommended by the Economic Development <br /> 21 Commission <br /> 22 <br /> 23 Cathy Bennett related that Mark Malone, a member of the <br /> 24 Economic Development Commission, gave an overview of the Small <br /> 25 Business Loan Program for Mounds View businesses at the Work • <br /> 26 Session on February 6. This recommendation was made as the <br /> 27 result of reviewing current incentive programs available to <br /> 28 local businesses and evaluating loan programs implemented in <br /> 29 other metro cities . <br /> 30 <br /> 31 This program fulfills one of the action steps of the Focus <br /> 32 2000 Implementation Plan for economic development. The basic <br /> 33 parameters of the proposed program include ' the goals, <br /> 34 eligibility requirements , qualifying improvements , and the <br /> 35 terms of the loan. This would be a matching loan that the <br /> 36 City would provide with a participating bank. <br /> 37 <br /> 38 This Resolution would allow the Economic Development <br /> 39 Commission to pursue the legal and financial structuring of <br /> 40 the program. Once those documents have been prepared, the <br /> 41 program will be brought back to the EDA for final approval. <br /> 42 <br /> 43 MOTION/SECOND: Blanchard/Hankner to Adopt Resolution No. 95- <br /> 44 EDA23 Supporting the Pursuit of a Small Business Loan Program <br /> 45 for Mounds View Businesses as Recommended by the Economic <br /> 46 Development Commission <br /> 47 <br /> 48 VOTE : 5 ayes 0 nays Motion Carried <br /> 49 <br /> 50 REPORTS . <br /> 51 <br /> 52 1. Report of President Linke : Thanked Sgt. Johnson of the Police <br /> 53 Department for allowing him to ride along last Saturday night. <br /> 54 <br />