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Economic Development Coordinator Sullivan explained that although it is all city money, it does matter where the funds come from. The HRA is the clearing house for the Town Center, and much of the monies in the HRA budget will be allocated to the Town Center. Using EDA funds will result in conserving HRA monies, which will be helpful from the HRA perspective. Member Steffen asked if this is the same conference as last year, and is a booth needed. Economic Development Coordinator Sullivan stated that this is the same conference as last year. A booth will provide dedicated meeting space to better facilitate conversation with interested parties. In addition, it will eliminate the need to walk around with marketing materials. There will be a one -time set up of materials within the booth, making the time spent there more effective. Member Williams questioned who was preparing the marketing materials, and whether the materials are going to be of comparable quality to others who will be at this national event. Deputy City Administrator/Director of Community Development Nelson replied that VyWay is helping with the project and that a step -above approach is being followed. The marketing materials will be of high quality since the city is taking on the role of developer. Economic Development Coordinator Sullivan suggested that if the cost for materials goes up, a case be brought back to EDA at a later date to ask for additional monetary assistance. Case #4: 2010 NETWORKING EVENTS Economic Development Coordinator Sullivan stated that last year the EDA started a new idea to incorporate bringing businesses, Council, EDA members, and city staff together in a networking setting, with golf being the typical theme. Events attended last year include Anoka Area Chamber of Commerce, Ramsey Rotary, Mercy and Unity Hospital Foundation, and the Ramsey Lions. Economic Development Coordinator Sullivan suggests that . if the EDA wants to continue these types of networking events, they should consider funding some golf "foursomes ". He is looking for authorization to spend up to $3,000, which is approximately six (6) golf "foursomes" consisting of city staff, officials, and Ramsey businesses. Member Skaff responded by saying networking events are important and that the money spent on them is made back in the long run. Motion by Member Skaff, seconded by Member Williams, to authorize $3,000 for registration to business networking events at the discretion of the Economic Development Coordinator. Motion carried. Voting Yes: Members Riley, Skaff, Williams, Look, and Steffen. Voting No: None. Absent: Members LeTourneau and Elvig. Economic Development Authority / February 11, 2010 Page 4 of 5