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b. Fiscal Year 2017 Reporting Process Mr. Winer asked Board members for any feedback regarding the quarterly reporting process. Board members agreed that the quarterly reports ask valid questions and metrics should be able to be evaluated through the reporting process. Board indicated that reports were consistent. Board asked staff to provide a quarterly report summary at the beginning of the reports. Staff will begin that process for FY 16 Q4 reports. Mr. Kuhlman indicated that the reports were a result of the Board spending a lot of time determining guidelines and funding for Olive and Delmar projects. He indicated that it is a scientific process and the reports are a result of the process. c. Forgivable Loan Program - Process Staff presented the EDRST Board with a summary of the forgivable loan program. Staff proposed a possible revision of the program elements. Staff presented two options:  Provide three $15,000 forgivable loans for a certain retail or restaurant.  Provide two $25,000 forgivable loans to businesses that could have a potential long-term economic development benefit to U City. The Board voted (4-0) for staff to consider two $25,000 loans. Mr. O’Brien would like to make sure the program is being marketed effectively. Staff indicated they will continue to outreach to property owners and potential new businesses. d. Olive Boulevard Development – Senn Bierwerks Mr. O’Donnell provided an overview of the new development proposed for the corner of Olive and North and South Boulevards. Mr. O’Donnell purchased the properties from the City to build a 15,000 square foot microbrewery, restaurant, and an outparcel for future development. The Board was pleased with this development on Olive Blvd and indicated that it will be a catalyzed for additional development. Other Business, Public Comments Ms. Deborah Henderson, 6124 Victoria Avenue, spoke on behalf of the Midtown Farmer’s Market. She inquired about the Olive Farmers Market and the ordinance against more than one Farmers Market in University City. Staff responded that Olive Boulveard is a Community Market, not a full-fledged Farmers Market. An agreement with a local non-profit is in place to activate the corner and provide a place for the non-profit to sell produce they grow. Mr. Kevin Taylor, 7022 Canton Avenue asked the Board about the funding process. He questioned about the EDRST process fits into the City’s overall budget. He also had questions about funding for the Kitchen Space.