04-20 EDA Regular
ECONOMIC DEVELOPMENT
AUTHORITY MEETING MINUTES
Richfield, Minnesota
Regular Meeting
Virtual Meeting held via Webex
April 20, 2020
CALL TO ORDER
The meeting was called to order by President Supple at 7:32 p.m. via Webex.
HRA Members Mary Supple, Chair; Maria Regan Gonzalez; Sue Sandahl; Erin Vrieze
Present: Daniels; and Pat Elliott.
EDA Members None
Absent:
Staff Present: John Stark, Executive Director; Julie Urban, Housing Manager; and LaTonia
DuBois, Administrative Assistant.
OPEN FORUM
No speakers
APPROVAL OF MINUTES
M/Regan Gonzalez, S/Sandahl to approve the minutes of the regular Economic
Development Authority meeting of March 16, 2020.
Motion carried 5-0
Item #1 APPROVAL OF THE AGENDA
M/Sandahl, S/Regan Gonzalez, to approve the agenda.
Motion carried 5-0
Item #2 CONSIDERATION OF A MOTION TO SUSPEND THE ECONOMIC DEVELOPMENT
AUTHORITY SMALL BUSINESS REVOLVING LOAN FUND AND A RESOLUTION
ESTABISHING A COVID-19 SMALL BUSINESS ASSISTANCE FORGIVABLE
LOAN. (S.R. NO 12)
EDA Meeting Minutes -2- April 20, 2020
Executive Director Stark presented Staff Report No.12, went over the guidelines for the
loan and offered explanation of the qualifications criteria.
Commissioner Vrieze Daniels inquired about who would administer the loan.
Executive Director expressed the Economic Development Authority staff would administer
the loan.
RESOLUTION NO. 22
RESOLUTION IMPLEMENTING A COVID-19 SMALL BUSINESS ASSISTANCE FORGIVABLE
LOAN PROGRAM
M/Sandahl, S/Elliott to approve a motion to suspend the Economic Development Authority
Small Business Revolving Loan Fund and a resolution establishing a Covid-19 Small Business
Assistance Forgivable Loan and to authorize staff to independently administer the loan with
guidelines substantially similar to what was presented.
Motion carried 5-0
Commissioners spoke of their appreciation for staff and the ability to administer this loan to
provide assistance for small businesses.
Executive Director Stark encouraged commissioners to help get the word out about the
loan.
Item #3 EDA DISCUSSION ITEMS
None.
Item #4 EXECUTIVE DIRECTOR’S REPORT
Executive Director Stark informed commissioners that the Energy Efficiency Business Grant
program is still going and marketing materials are coming soon.
Item #5 CLAIMS
M/Elliott, S/Sandahl that the following claims be approved:
U.S. BANK 4/20/2020
EDA Checks: 20360-20376 $34,252.50
$34,252.50
TOTAL
Motion carried 5-0
Item #8 ADJOURNMENT
EDA Meeting Minutes -3- April 20, 2020
The meeting was adjourned by unanimous consent at 7:56 p.m.
Date Approved: June 15, 2020
Mary B. Supple
President
LaTonia DuBois John Stark
Administrative Assistant Executive Director