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-33O- <br /> <br />.Section of November 27, 2001 <br /> City Council Minutes <br /> <br />Case #3: Request for Sunfish Commons Revolving Loan <br /> <br />City Administrator Norman stated that the City of Ramsey created a Revolving Loan Fund to t51I <br />the fmanchag gap between project costs and project equity, by making direct, low-interest loans <br />for certain approved business activities within the Ramsey City limits. During the October 9, <br />2001 meeting, the City Council author/zed the appropriation of $150,000 to the Revolving Loan <br />Fund kn order ro allow an application and consideration for a direct iow-interest loan. The multi- <br />tenant retail faciliW, known as Sunfish Commons, is now located on Highway #10 and to the <br /> <br />City Council/November 27, 2001 <br /> Page 6 of 22 <br /> <br /> I <br /> I <br />I <br />I <br />I <br /> <br /> <br />