Agenda - Economic Development Authority - 04/14/2011 - Joint Meeting

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Economic Development Authority (EDA) Date: 04/14/2011 By: Aaron Backman Administrative Services Title: Joint EDA /City Council General Discussions Background: At the March EDA meeting it was discussed that it would be beneficial to hold a joint meeting between the Ramsey City Council and the Economic Development Authority. This was scheduled for the EDA's regular meeting in April. (The City Council will be meeting with other City commissions as well during 2011.) The purpose of the joint meeting is to review the EDA's 2011 Work Plan to see if there are any suggestions, questions or concerns with what has been adopted by the EDA. It also is an opportunity to provide other input or questions regarding the development process in the City of Ramsey. Additional background documents have been attached in case members would like to refer to them. These are the Business Subsidy Policy (this document also includes the Tax Abatement and Tax Increment Policies that were adopted at the same time in early 2009), the Economic Development Revolving Loan Fund Guidelines (adopted in 2005), and Submittals for RLF loans. Observations: Funding Source: Staff Recommendation: EDA Action: No specific action by the two bodies is requested at this time. 2011 EDA Work Plan Business Subsidy Policy RLF Guidelines Submittals for RLF Loans Information Attachments Form Review Inbox Reviewed By Date Aaron Backman (Originator) Aaron Backman 04/08/2011 03:53 PM Form Started By: Aaron Backman Started On: 04/08/2011 03:11 PM Final Approval Date: 04/08/2011 Item #: 4. 2.