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Economic Dev. Mgr/Assistant City Administrator Brama thought it comes down to if the EDA <br />has a willingness to accept this. He thought there was a policy question in front of the EDA <br />whether or not they support a subsidy. He asked if the EDA generally accepted the concept of <br />working with these companies on a subsidy. <br />Chairperson Steffen thought personally he would be willing to work with the companies on a <br />subsidy. <br />Member Skaff agreed. <br />Member Hardin asked Member Williams if she was requesting the Board go into a closed <br />session to discuss these things. <br />Member Williams indicated she was requesting a closed session which would help her to better <br />understand what the other EDA members are thinking. <br />Member Hardin agreed and did not think it would hurt. <br />Motion by Member Williams, seconded by Member Hardin, to adjourn to a closed session at <br />8:29 a.m. <br />Motion carried. Voting Yes: Chairperson Steffen, Members Williams, Hardin, Skaff, and Riley. <br />Voting No: None. Absent: Commissioners Brunt and Burandt. <br />The EDA entered into a closed session at 8:29 a.m. <br />The Regular EDA meeting reconvened at 8:41 a.m. <br />Economic Dev. Mgr/Assistant City Administrator Brama recapped what the EDA was looking <br />for from the project. <br />Motion by Member Skaff, seconded by Member Hardin, to recommend the City Council review <br />the subsidy agreement and bring it back for further discussion at the EDA's October meeting for <br />approval. <br />Motion carried. Voting Yes: Chairperson Steffen, Members Skaff, Hardin, Riley and Williams. <br />Voting No: None. Absent: Commissioners Brunt and Burandt. <br />4.02: Receive Update on Strategic Plan Initiative — Corridor Improvement Program <br />Community Development Director Gladhill presented the staff report. <br />Member Riley stated the reason this came to the EDA is that one of the ideas is moving from the <br />simple compliance, like code enforcement, to hopefully pushing businesses to be better than that. <br />He thought if they were going to ask the businesses to be better than minimum then there should <br />be some incentive. Discussion came around on the EDA revolving loan fund. He thought this <br />Economic Development Authority/September 1, 2016 <br />Page 4 of 6 <br />