File #: EDA M2018-009    Version: 1 Name:
Type: EDA Motion Status: Passed
File created: 2/15/2018 In control: Economic Development Authority
On agenda: 2/22/2018 Final action: 2/22/2018
Title: Establish EDA Sub-Committees
DATE: February 22, 2018

TO: Members of the Northfield Economic Development Authority

FROM: Nate Carlson, Economic Development Coordinator

Title
Establish EDA Sub-Committees

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 and additional sub-committees for 2018.

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 2018. 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.

2017 Loan sub-committee members:
* Fred Rogers, Treasurer
* Jessica Peterson-White
* Andrew Ehrmann

The EDA, in 2017, appointed Board members to an Executive sub-committee. The Executive sub-committee meets on an as-need basis to review EDA Bylaws, Board Structure and any processes pertaining to the EDA. All recommendations from the Executive sub-committee are forwarded to the EDA Board for full consideration.

Staff is requesting the EDA identify members for the Executive sub-committee for 2018. 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.

2017 Executive sub-committee members:
* Todd Bornhauser, President
* Britt Ackerman, Vice President
* Mike Strobel

With the approval of the 2018-2020 EDA Work Plan, a new Socio-Economic sub-committee shall be established. Staff is requesting the EDA identify members for the Socio-Economic sub-committee for 2018. Sub-committees could be two or three members and meet on an as-needed basis. The EDA President shall...

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