Pine City Economic Development Authority Meeting
The board reviewed financial reports, including fund balances, payroll, and updates to the revolving loan fund (RLF) and Small Cities Development Program (SCDP). Old business included discussions on the 2027 budget, strategic planning, RLF policy adjustments, and the restructuring of the Lakeside student housing loan to a 20-year amortization schedule. Additionally, the board addressed new business, including budget preparations and the consideration of a resolution to streamline the management of Certificates of Deposit.