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Action: <br /> Motion to Recommend the City Council: <br /> Approve the attached draft loan agreement with American Print&Digital and approve an EDA RLF loan in <br /> an amount up to $72,500 (not to exceed 5%of the project cost); subject to: <br /> .the borrower providing a first lien to the City on the attached "Equipment List" <br /> .the borrower receiving approval of the project loan by the Bank of Elk River and the SBA <br /> .final review and approval of the loan agreement by the City Attorney and the CMDC <br /> Attachments <br /> CMDC MEMO <br /> DRAFT LOAN AGREEMENT <br /> APD Equipment List <br /> APD Cover Letter <br /> EDA RLF Guidlines <br /> Form Review <br /> Inbox Reviewed By Date <br /> Kurt Ulrich Kurt Ulrich 03/06/2017 02:52 PM <br /> Patrick Brama(Originator) Patrick Brama 03/06/2017 03:18 PM <br /> Form Started By:Patrick Brama Started On:03/06/2017 02:22 PM <br /> Final Approval Date:03/06/2017 <br />