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The EDA discussed the use of the Sewer Fund to construct a trunk sewer line to serve this node. <br />Member Riley stated the current statement in the draft indicates the City pays for the extension <br />of the sewer line. He requested further information about what other alternatives exist, what has <br />been done on other projects, and the number of prospective hookups, as well as anticipated fees <br />to be recovered and how those fees are recovered. <br />Chairperson Steffen requested further information regarding the $3.4 million Sewer Fund <br />balance. <br />City Administrator Ulrich agreed to provide information from the CIP about how this project fits <br />in with other projects, including the industrial park, as well as costs and revenue from the Sewer <br />Fund. <br />Assistant to the City Administrator Brama suggested that the draft Statement of Goals include a <br />brief statement about public input. <br />It was the consensus of the EDA to include a brief statement about public input in the Statement <br />of Goals. It was also the consensus of the EDA to forward this item to the Planning Commission <br />for input regarding the public input process. <br />5. MEMBER/STAFF INPUT <br />Assistant to the City Administrator reported that the closing on the Diamond Graphics sale took <br />place yesterday. He stated the property was purchased with an old TIF district and the $410,000 <br />sale price has to go to that TIF district, however, because it was an old TIF district, the monies <br />can be spent in the City's development district for various public improvements. <br />City Administrator Ulrich commended Mr. Brama for his work on the Diamond Graphics sale. <br />Member Riley suggested that the sale of this property and expansion of the Diamond Graphics <br />business be highlighted on the website and newsletter. <br />Chairperson Steffen suggested including Diamond Graphics in a business spotlight article. <br />6. ADJOURNMENT <br />The regular meeting of the Economic Development Authority adjourned at 8:32 a.m. <br />Respectfully submitted, <br />Kurtis G. Ulrich, City Administrator <br />Economic Development Authority/July 18, 2013 <br />Page 6 of 7 <br />