6.3 EDSR 01-19-2016 hi ,�. Request for Action
River
To Item Number
Economic Development Authority 6.3
Agenda Section Meeting Date Prepared by
General Business January 19,2016 Amanda Othoudt,EDD
Item Description Reviewed by
EDA Sub Committee Appointments Cal Portner, City Administrator
Reviewed by
Action Requested
Approve,by motion,the continuation of the following members for the Economic Development
Finance subcommittee.
Background/Discussion
EDA Bylaws suggest the Economic Development Authority consider appointments to all existing
committees as necessary.The appointment and/or removal of committee members are at the discretion
of the EDA.All committees may not be necessary for 2016.
Currently, the EDA hosts one subcommittee, the Finance Committee. The Finance Committee provides
the EDA with a technical,politically neutral analysis of an application including microloan, tax abatement,
and tax increment financing applications. They meet on an as-needed basis,generally before the work
day or during lunch. Other committees identified in the Bylaws for Marketing,Prospecting, and Research
and Development are not established.
The Finance Committee consists of 7 members: 2 EDA members and at large members representing
various constituencies,including banking,real estate,law,and the general community. Current members
are:
EDA: Dan Tveite
EDA: Nate Ovall
Banking: Chad Vitzthum
Banking: Nate Ovall
Law: Paul Motin
Real Estate: Ryan Hardin
At Large:Larry Toth
At Large:Jennifer Wagner
Financial Impact
N/A
Attachments
• N/A
11 / EIEI I1
NATURE