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Economic Development Retail Sales Tax Board <br />6801 Delmar Boulevard*University City, Missouri 63130*314-505-8500*Fax: 314-862-3168 <br />QUARTERLY PERFORMANCE REPORT <br />Project Number:Quarter:Q3–January –March 31, 2017 <br />11-45-78-8100 <br />Applicant:Submittal Date:Name of Person Completing Report: <br />Community DevelopmentApril 28, 2017Jodie Lloyd <br />Project Title:InStore Forgivable Loan <br />Activity Progress Narrative: <br />What specific activities were completed this quarter: <br />During Q 4, the City continued to provide loan information to interested parties. Staff met with several potential new business <br />owners to discuss the City’s incentive programs. One forgivable loan was approved for a new restaurant to be located at <br />6951 Olive Blvd. The $10,000 forgivable loan will be used for start-up restaurant costs. <br />Please describe milestones (per your application) achieved during this reporting period: <br />Continue to promote the program. Meeting and tours of Olive Blvd with potential new business owners. Discussions with <br />property owners about the program. <br />An additional business owner was approved but decided not to locate on Olive Boulevard because she couldn’t find an <br />affordable space for a men’s retail clothing store. <br />Also describe project goals achieved: <br />Continue to meet with new potential businesses.Continue to promote the program and outreach to potential new businesses. <br />Budget Performance: <br />EDRST Approved FundsRequested this Previous Funds Remaining EDRST <br />Program/Activity <br />QuarterRequestedFunds <br />$50,000$10,000$0.00$30,000 <br />Additional Information: Is the project on target to meet Economic Development goals and objectives? Briefly <br />describe next quarter’s goal? <br />Not all project funds were expended. The City will continue to seek potential new <br />businesses to locate on Olive Boulevard. <br /> <br />