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Motion carried. Voting Yes: Chairman Wagner, Commissioners Greenberg, Nelson, Fults, and <br />Muller. Voting No: None. Absent: Commissioners Gorecki, Vevea and Zillinger. <br /> <br />COMMISSION BUSINESS <br /> <br />Case #1: Interview Applicant to the Economic Development Commission <br /> <br />The Commission proceeded to interview Mr. David Kent for the position of Commissioner for the <br />Economic Development Commission. <br /> <br />Mr. Kent has lived in Ramsey for two years and has always been interested in what's happening in <br />the City. He gave a basic background of his employment. He understands Ramsey is basically a <br />residential community at the present time, but he realizes there is an opportunity for industry. He <br />feels it would be a challenge to help promote economy but keep residential also. He acknowledged <br />the necessity for commercial growth. <br /> <br />Motion by Commissioner Muller and seconded by Commissioner Nelson to recommend to the City <br />Council the appointment of David Kent to the Economic Development Commission to a term <br />expiring on January 31, 1994. <br /> <br />Motion carried. Voting Yes: Chairman Wagner, Commissioners Muller, Nelson, Fults and <br />Gmenberg. Voting No: None. Absent: Commissioners Gorecki, Vevea and Zillinger. <br /> <br />Case #2: Don Greenberg's Report on the Economic Development Company <br /> <br />Commissioner Greenberg reported that the Economic Development Company is dormant and that <br />Commissioner Gorecki has the Company's records. <br /> <br />Mr. Gromberg suggested a meeting to disband the Company and split up the money among the <br />stockholders. <br /> <br />Commissioner Greenberg replied there is no money. The money was used for funding things like <br />the Business Exposition and Business Appreciation Days. <br /> <br />Chairman Wagner inquired as to whether or not the City Council was still researching Economic <br />Development Authority (EDA). If so, that would be a duplicate of the Economic Development <br />Company except the EDA would have more powers. This would actually eliminate the reason for <br />the Company to exist. <br /> <br />Mr. Gromberg explained that the EDA has taxing powers and can operate as a company. It can <br />enter into joint ventures and the funds are not as limited The funds can be spent on anything good <br />for the City. There are definitely some advantages to the EDA. The EDA can make money, but it <br />must turn the money back into economic development. EDA's investment can be used to cover <br />costs and they don't need to make a profit. Upon inquiry as to who the members in the Economic <br />Development Authority would be, Mr. Gromberg answered that the original proposal to the City <br />Council was that the EDA would be comprised of all of the City Councilmembers, Chairman of the <br />Planning and Zoning Commission and Economic Development Commission and two members at <br />large. The main members will be the City Councilmembers and they will answer to the voters. <br />Because of the taxing authority, City Council wouldn't give up the authority to be able to levy <br />taxes. The two members at large and the Economic Development Commission Chairman are the <br />driving force behind the Economic Development Authority. Mr. Gromberg mentioned another <br />advantage to having the Economic Development Authority is if an economic development person is <br />wanted on staff, funds from the EDA could pay for the salary of that person. He added that the <br />City can act as a depository for the EDA if the City is in agreement to that arrangement. <br /> <br />Economic Development Commission/March 13, 1991 <br /> Page 2 of 5 <br /> <br /> <br />