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<br />Dennis Sharp, Sharp and Associates, stated they discussed snow storage and the logical storage <br />location is the ponding area, which will work fine. <br /> <br />Mayor Gamec questioned snow storage in the ponding area and asked whether there are <br />restrictions if the pond has an over flow pipe. <br /> <br />Assistant City Engineer Hinner stated that pond is part of a larger system but he does not know if <br />water leaves that area. He stated staff will work with the applicant to assure it is not a problem. <br /> <br />Councilmember Elvig recommended staff look at that issue and how trash from the snow will be <br />cleaned up before the frost goes out. <br /> <br />Motion by Councilmember Elvig, seconded by Councilmember Jeffrey, to approve the site plan <br />and associated Development Permit (TIF Agreement Exhibit C), contingent upon conformance <br />with the City Staff Review Letter dated August 1, 2008 revised August 8, 2008. <br /> <br />Motion carried. V oting Yes: Mayor Gamec, Councilmembers Elvig, Jeffrey, Dehen, Look, <br />Olson, and Strommen. Voting No: None. <br /> <br />Revise Af!enda <br /> <br />City Administrator Ulrich explained that the Economic Development Coordinator has. a <br />scheduling conflict and requested the agenda be revised to next consider Case #12. <br /> <br />The Council agreed. <br /> <br />Case #12: <br /> <br />Authorize City Council to Execute a Loan Agreement with . Clear Choice <br />Countertops, Inc. <br /> <br />Councilmember Dehen asked about the loan agreement with Clear Choice Countertops, Inc. <br /> <br />Economic Development Coordinator Sullivan advised the business is currently housed in a <br />multi-tenant facility. <br /> <br />Councilmember Strommen left the meeting at 8:42 p.m. <br /> <br />Councilmember Dehen asked how the City decides which businesses should get loans and why <br />they are not referred to a bank. <br /> <br />Economic Development Coordinator Sullivan stated it is a revolving loan program and its funds <br />were put in through the old State MIF Program. He explained this fund started when Systematic <br />Refrigeration received a $300,000 grant that was paid back to the City. The City then paid back <br />the State of Minnesota, as a pass through, and was allowed to keep $150,000 for this revolving <br />loan program. The amount in that Revolving Loan Fund is now about $190,000. The Council <br />put together Revolving Loan Fund guidelines that deal with how funds can be loaned and the <br /> <br />City Council! August 12, 2008 <br />Page 15 of 26 <br />