HomeMy WebLinkAbout6. Transfer of Downtown Facade Improvement Program and Revolving Loan Fund Funds
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City of Shakopee CONSENT
Memorandum
TO: Shakopee Economic Development Authority
Mark McNeill, EDA Executive Director
FROM: Kris Wilson, Assistant to the City Administrator
SUBJECT: Transfer of ED A Funds
DATE: December 20, 2005
Introduction '.
The 2005 EDA budget included $50,000 for the Downtown Fayade Improvement
Program and $100,000 for the Economic Development Revolving Loan Fund. As a
matter of housekeeping, the EDA is asked to approve transferring these funds from the
EDA General Fund to specific loan funds.
Action Requested
Ifit concurs, the EDA should move to approve the transfer of$IOO,OOO from the EDA
General Fund to the Revolving Loan Fund and the transfer of $50,000 from the EDA
General Fund to the Downtown Fayade Improvement Program Fund.
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Kiis Lyndon lson
Assistant to ,the City Administrator