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Chairperson Steffen asked if they were at a disadvantage relative to Elk River who is ready to go <br />and has free land. He also wondered if they have to keep up with other cities. <br />Mr. Pankratz stated they could go up Highway 10 and see the number of city's that own <br />industrial parks. He did not think they were at a disadvantage because nothing has really <br />transpired in those locations. <br />Chairperson Steffen thought this was a start and should be discussed further at a future meeting. <br />4.03: Consider Supporting 1st Annual Anoka County Broker/Developer Event <br />Econ. Dev. Mgr/Assistant City Administrator Brama stated this item is to discuss consideration <br />of participation in a new event: 1St Annual Anoka County Broker/Developer Networking Event <br />on Tuesday, October 27, 2015 from 9-11 a.m. Staff is asking for EDA support to participate in <br />this event. <br />Econ. Dev. Mgr/Assistant City Administrator Brama reviewed the staff report with the Board. <br />The EDA affirmed support for the 1st Annual Anoka County Broker/Developer event. <br />4.05: 2016 Proposed EDA Budget & Levy <br />Econ. Dev. Mgr/Assistant City Administrator Brama reviewed the 2016 proposed EDA Budget <br />& Levy with the Board. <br />Chairperson Steffen asked how much cash on hand do they currently have. <br />Econ. Dev. Mgr/Assistant City Administrator Brama stated they currently have over $600,000 <br />unallocated and an unused loan fund of $300,000. <br />Member Hardin thought it would be nice to see an EDA Balance Sheet and Income Statement at <br />some point. <br />Econ. Dev. Mgr/Assistant City Administrator Brama stated he would present that at the next <br />meeting and indicated he would email the 2015 EDA Dashboard to the Board. <br />The EDA was in favor of the 2016 EDA Budget & Levy. <br />Motion by Member Skaff, seconded by Member Hardin, to recommend to City Council approval <br />of the budget as presented. <br />Motion carried. Voting Yes: Chairperson Steffen, Members Skaff, Hardin, Burandt, Riley, and <br />Williams. Voting No: None. Absent: Member Brunt. <br />Economic Development Authority/August 13, 2015 <br />Page 5 of 7 <br />