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Motion by Member Steffen, seconded by Member Burandt,to recommend to City Council to allow <br /> for an exception to the EDA RLF Guidelines, to allow for minimum equity, in the amount of 5%, <br /> for American Print & Digital and direct staff to bring back a future case to discuss updating the <br /> EDA RLF Guidelines. <br /> Motion carried. Voting Yes: Chairperson Steffen, Members Burandt, Brunt, Riley, and <br /> Williams. Voting No: None. Abstain: Hardin. Absent: Skaff. <br /> 4.03: Extend CBRE Listing Agreement through July 2017 <br /> Economic Dev. Mgr/Assistant City Administrator Brama presented the staff report. <br /> Chairperson Steffen asked if it still leaves the option open of continuing CBRE after that. <br /> Economic Dev. Mgr/Assistant City Administrator Brama stated that was correct. <br /> Motion by Member Hardin, seconded by Member Steffen,to recommend to City Council approve <br /> the short-term contract extension with CBRE (6 months). <br /> Further discussion: Member Williams stated that by extending their contract, if new prospects <br /> come forward during that time they could have a new partner in place and CBRE could be <br /> compensated for bringing that prospect in. <br /> Chairperson Steffen thought that would apply today if they found a deal as well and would just <br /> extend that. <br /> Motion carried. Voting Yes: Chairperson Steffen, Members Hardin, Brunt, Burandt, Riley, and <br /> Williams. Voting No: None. Absent: Skaff. <br /> 4.04: 2017 Annual EDA Business Expo <br /> Economic Dev. Mgr/Assistant City Administrator Brama presented the staff report. He noted the <br /> proposed date for the Business Expo is March 18tH <br /> Member Riley thought this is a good thing they do and if staff could put a little creativity into it to <br /> make sure it is not the same every year that would be great. He suggested inviting a kids group to <br /> perform to bring in additional people or something like that. <br /> 4.05: Consider Changing Regular Meeting Dates <br /> Economic Dev. Mgr/Assistant City Administrator Brama presented the staff report. <br /> The EDA was in favor to change the meeting from the first Thursday to the second Thursday of <br /> the month. <br /> Economic Development Authority/January 12,2017 <br /> Page 7 of 8 <br />