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Member Riley stated that he would be in favor of that use because of the City's desire to have that use. Chairperson Steffen asked if staff is suggesting making a change to the underwriting for that process for start-up restaurants. Economic Development Mgr./Assistant City Administrator Brama explained that start-up restaurants often have trouble qualifying for financing because it is a high -risk business. He stated that in order to be available and aggressive, the City would most likely need to open its standards a bit. Member Hardin agreed that restaurants are tough for financing because there is little collateral and credit can be an issue for a high -risk business. He stated that he would be leery of offering a discount on sewer and water connection fees for one type of business and not others. Chairperson Steffen stated that there was an issue with the Lunchbox in the past, as to whether the developer or user would receive credit for that. Economic Development Mgr./Assistant City Administrator Brama stated that staff was able to work out the details with the Lunchbox and Acapulco. Member Burandt stated that he understands the viewpoint of Member Hardin with "winners and losers" and the tool not applying equally. He stated that it is a goal of the City to have restaurants and therefore the City should have strategies to attract that type of business. Economic Development Mgr./Assistant City Administrator Brama explained that retail and restaurants do not qualify for TIF use, while industrial uses do qualify for TIF use. Member Hardin noted that TIF funds are recouped while water fees would not be recouped. Chairperson Steffen noted that tool five would most likely be a discussion for another day. He stated that in summary the EDA likes most of the tools and would recommend bringing back the tools as one policy, or multiple policies for review. Member Riley stated that the City continues to hear that there are no restaurants and no places to shop, so therefore this needs to remain a priority and the EDA has a role in this. He believed that any of these tools would be helpful in attracting restaurants. Member Kanaventi asked whether the EDA has found why the Lunchbox failed or closed. Economic Development Mgr./Assistant City Administrator Brama stated that staff received feedback from the user that it comes down to demographics and the traffic coming into their business was not sustainable. He stated that towards the end the customer base was getting stronger, but the business was not willing to continue down the path. He stated that the business did say the traffic is growing and the new apailinent buildings and other new development is creating more traffic. Economic Development Authority/May 10, 2018 Page 3 of 5