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December of 2009. The City Council was told that the amount was significantly increased but <br />was still an estimate based on the much larger square footage amount. <br />While the larger number was approved, the amount of actual assistance provided $104,356 <br />which was based on the actual number of SAC units when the determination was received <br />from Metropolitan Council in January 2010. When the SAC determination was received in <br />January the amount was revised to the final actual amount of $104,356, this number being <br />much closer to the original estimate of $101,481. <br />Staff apologizes for any confusion that was created for the members of the EDA regarding <br />the subsidy that was provided to the EDA in recent meetings. As EDA members will recall, <br />this deal involved a very prolonged negotiation process that changed significantly at times <br />based upon the size of the space the tenant was to occupy and the final SAC and 1IVAC <br />determinations from Met Council. It is staffs- hope that this memo provides the EDA <br />confirmation of the subsidy that was provided, action by-the EDA and the City Council <br />Attachments: <br />A. April 9, 2009 EDA Case and SAC Estimate <br />B. EDA minutes from April 9, 2009 <br />C. September SAC Estimate <br />D. Metropolitan Council SAC Determination Letter <br />E. Final Signed Subsidy Agreement. <br />EDA 09.07.10 <br />• Page 2 <br />~ l) <br />