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Funding Source: <br />EDA Funding would be utilized for this project. <br />Council Action: <br />The City Council approve a $68,000 RLF loan with a term of 10 years at one percent over prime (4.25%) to Wells <br />Catering for The Falls Cafe project, and secured by a first position on $165,000 of equipment; and approve zero <br />interest, forgivable loans totalling $55,000 to Ramsey Retail Rental to offset SAC/WAC fees associated with a new <br />full -service restaurant at The Ramsey Office Plaza building in The COR. <br />Form Review <br />Inbox Reviewed By Date <br />Heidi Nelson Jo Thieling 03/03/2011 04:12 PM <br />Kurt Ulrich Kurt Ulrich 03/03/2011 04:49 PM <br />Form Started By: Aaron Backman Started On: 02/28/2011 01:20 PM <br />Final Approval Date: 03/03/2011 <br />