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to negotiate these factors. He advised staff recommends TIF District No. 2 and the Revolving <br />Loan Fund as funding sources for this project. <br />Chairperson Riley commented this would appear to be a good use of the Revolving Loan Fund. <br />It would clean up a visible site and relocate the dock. <br />Motion by Member Strommen, seconded by Chairperson Riley, to recommend staff to negotiate <br />the sale of 6590 141 Avenue NW to Production Design Products or its legal entity if the dock is <br />relocated, 5,000 square feet of new manufacturing space is built, four new jobs are created and a <br />new face of the building is installed, and to make that recommendation to City Council. <br />Economic Development Coordinator Sullivan indicated a Revolving Loan Fund application will <br />likely be coming forward to the EDA. <br />Motion carried. Voting Yes: Chairperson Riley, Members Elvig, Kiefer, LeTourneau, and <br />Strommen. Voting No: None. Absent: Member Steffen. <br />Case #6: Staff Update <br />The EDA reviewed the Staff Update. Economic Development Coordinator Sullivan noted <br />Member Schindel has resigned. It will likely be April before a new member is appointed to the <br />Board. <br />MEMBER INPUT <br />None. <br />ADJOURN <br />Motion by Member Strommen, seconded by Chairperson Riley, to adjourn the meeting. <br />Motion carried. Voting Yes: Chairperson Riley, Members Strommen and Kiefer. Voting No: <br />None. Absent: Members Elvig, LeTourneau, and Steffen. <br />The regular meeting of the Economic Development Authority adjourned at 8:45 a.m. <br />Respectfully submitted, <br />Sean Sullivan <br />Economic Development Coordinator <br />ATTEST: <br />Economic Development Authority/February 14, 2008 <br />Page 7 of 8 <br />