MINUTES OF THE HLLS ECONOMIC DEVELOPMENT AUTHORITYDecember 13, 2005Linus Svoboda, President of the Hills EDA called the meeting to order at 6:09 P.M. with the following board members present: Linus Svoboda, Keith Elbers, Jim Jellema, Pete Hoff, and Ross Metzger. Others present: Connie Wiertzema, EDA Secretary, and Lexi Moore, Reporter-Hills Crescent. Motion by Jellema, seconded by Elbers to approve the minutes of November 7th. Motion carried. Motion by Elbers, seconded by Hoff to approve payment of the November expenditures. Motion carried. Motion by Elbers, seconded by Hoff to transfer the apartment/pet security deposits for unit #506 to the new owner. Motion by Elbers, seconded by Metzger to transfer $40,300 from EDA checking into a three month CD at 2% interest. These funds will be used as reimbursement to Kuntze, Bundesen, Hyink and Brandt/Kerkhove for the 10% per year new housing reimbursement planNo further business, meeting adjourned at 7:20 P.M./s/ Connie J. WiertzemaConnie J. WiertzemaEDA Secretary(12-22)