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could be something a little above and beyond and something that could help there and that is <br /> where the EDA would specifically come in. He stated the whole Highway 10 corridor is the <br /> City's biggest economic area. <br /> Chairperson Steffen asked if there is a cost share on the table or just a pure loan. <br /> Member Riley thought that would be an idea and was not sure if they have gotten further than <br /> that. <br /> Community Development Director Gladhill stated at this point it is purely conceptual and staff is <br /> looking for direction. He thought it would have to fit the business subsidy policy and thought <br /> there might be some amendments to that. He stated they can work through all of the details. <br /> Member Riley thought at this point it was an idea but was not sure it would fit as a business <br /> subsidy because they are not subsidizing anything. The companies would be paying back the <br /> loans, the City would only be helping the companies with financing. He envisioned small loans <br /> which would not meet the criteria of the business doing a business subsidy application. <br /> Economic Dev. Mgr/Assistant City Administrator Brama reviewed a program that Hutchinson <br /> had to help businesses with improvements. <br /> Community Development Director Gladhill asked the EDA if they would be open to a matching <br /> grant program. <br /> Member Williams thought part of the reason this is before the EDA is because the Council could <br /> give the direction that they have to abide by all of the zoning and code ordinances that are in <br /> place and then it becomes an enforcement and not a positive interaction and what they are really <br /> looking for are some partnerships in the community along some of these key corridors where <br /> there is the opportunity for the City to provide these incentives with the businesses. <br /> Chairperson Steffen stated he would be in favor of a matching grant or something similar to what <br /> Hutchinson is doing to get the job done because he thought without that it will probably not get <br /> done. <br /> Chairperson Steffen thought they should set up a workshop to discuss this further. <br /> Community Development Director Gladhill reviewed a possible timeline with the EDA. <br /> Member Riley asked staff to come up with some concepts before the workshop meetings for <br /> EDA review and discussion. <br /> 4.03: Receive Update on COR Development Plan Analysis <br /> Community Development Director Gladhill presented the staff report. <br /> Member Riley stated he liked this idea. <br /> Economic Development Authority/September 1, 2016 <br /> Page 5 of 6 <br />