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4. EDA BUSINESS <br /> 4.01: Review Draft 2020 Preliminary EDA Budget and Levy <br /> Economic Development Manager Sullivan presented the staff report. <br /> Member Hardin asked if the full budget was utilized in 2018 or whether it looked like the entire <br /> budget would be utilized in 2019. <br /> Economic Development Manager Sullivan noted that the EDA is tracking to remain under <br /> budget this year and did not believe expenditures would exceed the budgeted amount. <br /> Motion by Member Hardin, seconded by Member Berg, to recommend to City Council to adopt <br /> the 2020 Preliminary EDA Budget and Levy. <br /> Motion carried. Voting Yes: Chairperson Steffen, Members Hardin, Berg, Burandt, Kuzma, and <br /> Riley. Voting No: None. Absent: None. <br /> 4.02: Consider Resolution #19-188 Approving Right of Re-Entry Agreement for Lot 1, <br /> Block 1, Anderson Dahlen South Addition; Case of Knoll Properties LLC <br /> Economic Development Manager Sullivan presented the staff report. <br /> Member Riley stated that the right of re-entry agreement helps ensure that when the City sells <br /> land something is built on site. He indicated that the last thing the City wants is to take back the <br /> land. He believed that the request by the developer is a reasonable request. <br /> Motion by Member Riley, seconded by Member Burandt, to recommend to City Council to adopt <br /> Resolution #19-188 Approving Right of Re-Entry Agreement for Lot 1, Block 1, Anderson <br /> Dahlen South Addition; subject to City Attorney review and approval. <br /> Motion carried. Voting Yes: Chairperson Steffen, Members Riley, Burandt, Berg, Hardin, and <br /> Kuzma. Voting No: None. Absent: None. <br /> 5. MEMBER/STAFF UPDATE <br /> Economic Development Manager Sullivan indicated that the Business Appreciation Day event is <br /> full with 144 golfers signed up. He is looking forward to the event on August 20`h at the Links at <br /> Northfork. <br /> Chairperson Steffen stated that he has received some comments related to the grading near <br /> Coborns and asked staff to provide an update. <br /> Economic Development Manager Sullivan explained that excavation is underway on The COR <br /> infiltration basin. The project involves moving the fill excavated from the infiltration basin site <br /> to other lower sites in The COR in order to create pad ready sites. <br /> Economic Development Authority/August 8, 2019 <br /> Page 2 of 3 <br />