Forest Lake EDA June 9th, 2025
Commercial Improvement Incentive Program
2026 EDA Budget Proposal
Budgetary adjustments for contracted services and legal expenses
Staffing wage projections
Land sale revenue allocation policy
Full Document Analysis
Votes (3)
Approval of the agenda
Moved by Not stated · Seconded by Not stated
Approve Commercial Improvement Incentive Program changes
Moved by Lnes · Seconded by Not stated
Adopt the 2026 EDA draft budget
Moved by Lnes · Seconded by Not stated
Notable Quotes (3)
If the city is investing in this company that we know that they're going to be around for a while.
We definitely could write that it could be businesses and land owners, but we do run the risk then again of those local business owners if they don't own the underlying land.
I would like to modify the word recipients to applicants so that it includes both applicants and those that receive it.
People (5)
EricsonPresidentModerating the EDA meeting and managing motions.
Moderating the EDA meeting and managing motions.
AbbyStaff/City OfficialExplaining the Commercial Improvement Incentive Program and budget drafts.
2 quotes
Explaining the Commercial Improvement Incentive Program and budget drafts.
“The 10% forgivable loan up to a maximum of $5,000... the program really hasn't been utilized.”
Describing the status of the current incentive program.
“There are some challenges with first come first-serve programs in just there's only that much pool of money.”
Discussing the mechanics of loan disbursement.
Susan YoungResidentResident concerned with program definitions, publicity, and clawback provisions.
1 quote
Resident concerned with program definitions, publicity, and clawback provisions.
“How are you going to publicize these... so that all of our businesses have an opportunity to come in first?”
Questioning the fairness of the first-come, first-served model.
LnesCommissionerProposed modifications to the incentive policy language.
1 quote
Proposed modifications to the incentive policy language.
“I would like to modify this from a shall be to shall include.”
Regarding loan approval conditions.
RobertsCommissionerInquiring about fund balance levels and budget increases.
1 quote
Inquiring about fund balance levels and budget increases.
“I'm having a little bit of a hard time of four and a half% increase when we have that fund balance.”
Challenging the proposed budget increase.
Places Mentioned
Events & Meetings (1)
- 5:30 PM meeting call to order