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Mounds View EDA August 26, 2013 <br />Regular Meeting Page 4 <br /> <br />Attorney Riggs indicated this question could be asked. 1 <br /> 2 <br />President Flaherty was not in favor of bending the rules in such a manner that a precedent could 3 <br />be set. Economic Development Specialist Steinmetz commented the emergency loan was only 4 <br />offered to low income families in need and the present case would qualify. She indicated the 5 <br />EDA loan was their last resort. 6 <br /> 7 <br />President Flaherty recommended staff investigate the ability to require the manufactured home 8 <br />park co-signing on the loan. He was in favor of helping as many families as possible, but wanted 9 <br />to be assured the loan funds were being used properly. 10 <br /> 11 <br />9. NEXT EDA MEETING: Monday, September 9, 2013, at 6:30 p.m. 12 <br /> 13 <br />10. ADJOURNMENT 14 <br /> 15 <br />President Flaherty adjourned the meeting at 7:03 p.m. 16 <br /> 17 <br />Respectfully submitted, 18 <br /> 19 <br /> 20 <br />Recorded and transcribed by: 21 <br />Heidi Guenther 22 <br />TimeSaver Off Site Secretarial, Inc. 23