DATE: January 22, 2024
TO: Members of the Northfield Economic Development Authority
FROM: Nate Carlson, Economic Development Coordinator
Title
Establish EDA Sub-Committee members
Body
SUMMARY AND ACTION REQUESTED:
The EDA is asked to discuss the role of sub-committees and identify members for the EDA Loan Review Sub-committee for 2024.
BACKGROUND:
The EDA has typically appointed a Loan sub-committee to review EDA Revolving Loan and micro-grant requests. The Loan Review Committee meets on an as-needed basis to review revolving loan and micro-grant applications and forwards a recommendation to the full EDA board for consideration.
Staff is requesting the EDA identify members for the Loan sub-committee for 2024. Sub-committees could be two or three members and meet on an as-needed basis. The EDA President shall serve as a first substitute for any sub-committee member.
2023 Loan sub-committee members:
• Randy Yoder
• Andrea Berube
• Kristen Lucas (Past member)
Currently, an ad hoc committee has also been formed by the EDA to explore possible partnership opportunities with Mercado Locale per the actions of the EDA at the November 27, 2023 Board meeting. This is not a permanent committee and shall dissolve following the course of its business. The members of the committee are Enoch Blazis, Jessica Peterson White and Randy Yoder.
The EDA Enabling Resolution and Bylaws were adopted in December of 2011, and further consideration by the EDA Board is recommended based on preliminary staff review. According to the enabling resolution, within 60 days of the anniversary date [September 17, 1990] of the first adoption of the enabling resolution, the EDA shall submit to the City Council a report stating whether and how the enabling resolution should be modified.
RECOMMENDATION:
Identify members for the EDA Loan Review Committee.