Laserfiche WebLink
I <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />Highway #10 and to the west of Sunfish Lake Boulevard, is currently under coJ <br />The partners of Sunfish Commons have requested the City consider an <br />Revolving Loan Fund. The Fund currently does not have adequate <br />consider such a loan request. The EDA recommended financing the <br />Fund with other City funds to allow the Sunfish Commons <br />application. The term of the loan would be five years and <br />indicated that there are funds available. <br /> <br />Loan <br />loan <br /> <br />Councilmember Hendriksen inquired as to why, when <br />being in the City, do they all of a sudden need an <br /> <br />committed to <br /> <br />City Administrator Norman explained that <br />asbestos in the old McKay building then they. <br />to escalate. At that time the City was <br />this project, and the incentive placed in fi'ont~0f <br />one or more new businesses to Ramsey the City <br />costs. A business did agree to come to the City, <br />brought forward. ' <br /> <br /> there was <br /> caused their costs <br /> also working on <br /> they could bring <br />assist with some of the <br /> this uest is being <br /> <br />'1 <br /> I <br /> I <br /> I <br /> <br />Councilmember <br />agreement. <br /> <br /> City Administrator Norman <br /> Council approval. When he <br /> flexibility...,, <br /> <br />Councilm~mber Hendriksen stated <br />things "that are gmng' on. Previously <br />,,'and assess a couple:'~fother <br />~,City' Council found ,after the f~eC~ii~ere <br /> being in~f~., .e4,. ab 6~t':-':'-i~,-: ;~:;:::,~ <br /> <br />the Council <br /> <br />involved in the <br /> <br />alWays contingent upon <br />he has to have some <br /> <br /> are some problems with some of the <br />a commitment to bring sewer to a project <br />et sewer and water to that building that the <br />were many trips to Chicago that he was not <br /> <br />~*'~ ~-"~'~ ' Mayor Gamec i~equested that Councilmember Hendriksen stay on the subject. <br /> <br /> C0uncilmember Hend~gen replied that the subject at hand is a commitment coming to <br /> the Ci~i.'Council ;f0r What is already a done deal for $150,000. <br /> <br /> City Administrator Norman replied that there is not commitment, because any agreement <br /> is contihgent upon Council approval. <br /> <br /> '" Councilmember Zimmerman stated that it is unfortunate that the revolving loan fund does <br /> ~' ' not,have any funds in it. If they had some money in there is would be a different story, <br /> but to take money from another fund would be asking taxpayers to fund a particular <br /> project, which is not fair. <br /> <br />City Council/October 9, 2001 <br /> Page 19 of 24 <br /> <br />-65- <br /> <br /> <br />