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instead of providing 100% direct financing, RLF's are an effective tool for <br />ieveraging other private dollars thereby making public dollars go farther. <br /> <br />The attached guidelines have been prepared for the purpose of administering the <br />Revolving Loan Fund. The guidelines have been reviewed and approved by the <br />Minnesota Department of Trade and Economic Development and by the Ramsey <br />EDA. Staff is seeking City Council approval of the guidelines at this time. <br /> <br />Please feel free to contact me directly at (763) 780- 7900 if you have any <br />questions. <br /> <br />· Page 2 <br /> <br />-203- <br /> <br /> <br />