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• effort should be made to upgrade the appearance of the existing structure so that it is consistent <br /> with, and as attractive as,the exterior of the new hotel and banquet facility. <br /> 6. REPORTS FROM CHAIR, COMMISSIONERS,AND STAFF: <br /> Economic Development Coordinator Kevin Carroll reported that Donatelle's Restaurant has <br /> expressed an interest in applying for a Business Improvement Partnership loan,to help finance <br /> parking lot improvements and interior/exterior remodeling. Donatelle's has been provided with <br /> the required application form,but it has not yet been completed or submitted to date. <br /> Mr. Carroll also reported that at its 7-27-98 meeting,the EDA adopted a revised version of the <br /> EDC's proposed Resolution regarding the Business Improvement Partnership Loan program. <br /> The EDA deleted the language that the EDC had suggested regarding the elimination of the <br /> current requirement that a business be located in Mounds View for at least two years before <br /> being eligible for the program. Mr. Carroll speculated that the EDA's concern may not be with <br /> "residency"per se, but with the possibility that a business less than two years old may not have <br /> a long enough financial "track record" to make it a suitable candidate for a loan under this <br /> program. <br /> 7. ADJOURNMENT <br /> There being no further business before the Commission,this meeting of the Economic <br /> Development Commission adjourned at approximately 8:40 a.m. <br /> Respectfully Submitted, <br /> Kevin Carroll <br /> Economic Development Coordinator <br /> N:\DATA\GROUPS\ECONDEV\EDA EDC\EDC\EDCMIN98\EDCMIN08.98 <br /> 1 <br />