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Mounds View EDA November 8, 2010 <br />Regular Meeting Page 4 <br /> <br />Economic Development Specialist Steinmetz explained that the resolution before the EDA this 129 <br />evening had all four loans included. 130 <br /> 131 <br />Vice President Stigney requested that four resolutions be brought back to the EDA for approval 132 <br />with revisions made as suggested this evening. 133 <br /> 134 <br />Commissioner Mueller agreed with this recommendation. Executive Director Ericson felt this 135 <br />was excessive but could be completed by Staff. 136 <br /> 137 <br />President Flaherty indicated he had no problem with four resolutions coming back before the 138 <br />EDA as this would allow several of the loans to proceed while the other details could then be 139 <br />reviewed further. Economic Development Specialist Steinmetz explained she would bring these 140 <br />resolutions back to the EDA in November. 141 <br /> 142 <br />Economic Development Specialist Steinmetz indicated the EDA could do away with the loan 143 <br />program criteria and keep the existing programs in place. 144 <br /> 145 <br />President Flaherty felt the EDA was in favor of a home improvement loan program, but several 146 <br />issues still needed to be discussed further before proceeding. 147 <br /> 148 <br />President Flaherty requested Staff revise the loan criteria based on the comments provided this 149 <br />evening and allow the EDA to make a decision at the next meeting. 150 <br /> 151 <br />8. REPORTS 152 <br /> 153 <br />None. 154 <br /> 155 <br />9. NEXT EDA MEETING: Monday, November 29, 2010, at 6:30 p.m. 156 <br /> 157 <br />10. ADJOURNMENT 158 <br /> 159 <br />President Flaherty adjourned the meeting at 7:15 p.m. 160 <br /> 161 <br />Respectfully submitted, 162 <br /> 163 <br /> 164 <br />Recorded and transcribed by: 165 <br />Carla Wirth 166 <br />TimeSaver Off Site Secretarial, Inc. 167