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Memo <br /> <br />To: <br /> <br />From: <br /> <br />Date: <br /> <br />Economic Development Authority (EDA) <br /> <br />Community Development Assistant Sean Walther <br /> <br />April 8, 1999 <br /> <br />Staff Updates <br /> <br />Economic Development Authority Members Term Limits Update: <br /> <br />The City Council held a work session on March 15, t999 regarding the Economic <br />Development Authority, and discussed the issues of the EDA Budget, pay for EDA <br />members and term limits at their regular meeting on March 23, 1999. At the March <br />23 regular meeting the City Council approved the EDA Budget (see below for more <br />details), approved pay for EDA members, and approved a modified staggered term <br />schedule. <br /> <br />The modified term schedule is as follows, with terms ending on December 31 of each <br />year and the first term expiring on December 31, 1999: <br /> <br />Chris Riley (6 years), Lydia Scheiber (6 years), David Kent (5 years), Councilmember <br />Gerald Zimmerman (4 years), Councilmember Natalie Haas Steffen (3 years), <br />Kenneth Wagner (2 years) and Glen Hardin (1 year). <br /> <br />Budget Update: City Council approved the Economic Development Authority budget <br />as one lump sum, without the line items. City staff will amend the budget at the end <br />of the year to reflect by line item the actual areas of expenses. There were some <br />questions raised as to the accuracy of the line items (that they may be outdated), but <br />the Council did not wish to prolong the City's budget approval process any further. <br /> <br />Development Negotiations: In recent work sessions the City Council has directed <br />the City Administrator and development team to be more conservative when offering <br />incentives to prospective businesses, and to concentrate on businesses that <br />contribute more to the City in the way of creating more and better paying jobs, <br />developing attractive buildings, etc. <br /> <br />North Suburban Home Improvement Show: over 900 people attended the Home <br />Improvement Show to the delight of the 49 participating vendors and City <br />representatives. The Anoka Area Chamber of Commerce had a successful <br />fundraiser selling concessions, some of the seminars were well attended, and kids <br /> <br /> <br />