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4. EDA BUSINESS 4.01: Business Retention Program Introduction Management Analyst Brama presented the staff report and indicated this is an introduction to the Business Retention Program and provided background information. He introduced Ms. Karen Skepper, Anoka County Director of Community and Government Relations, to provide assistance for the potential Ramsey Program. Ms. Skepper provided history on using economic development tools. She defined and explained the Economic Gardening Program and the criteria necessary for this program. She noted the key is to find 50 businesses that fit the criteria, which is narrowed down to 15 ideal companies and these 15 are provided tools to prosper. Member LeTourneau asked the cost of the program. Ms. Skepper noted the cost is $10,000 to bring a company through the program. She noted HRA funds are accruing and would recommend the Board request City Council pass a resolution to add EDA powers to HRA so funds accumulated could be used for businesses. City Administrator Ulrich asked what is the downside or concerns of granting. Ms. Skepper noted there is no negative impact on economic development powers. She stated the program began five years ago and has an opt -out clause, which no city has exercised. Member Skaff questioned if other cities were being approached to which Ms. Skepper replied yes. Commissioner McGlone asked for an explanation with taxing authority. Ms. Skepper explained taxing authority within the City and within the County. She noted they wait for the Ramsey City Council on how to direct funds. City Administrator Ulrich noted the EDA does not have taxing authority through the County but could they if wanted. Ms. Skepper noted the County does not have that ability. City Administrator Ulrich felt it was worth further review and suggested they consult with their attorney as well as other cities. Ms. Skepper stated there is no opportunity for the County to diminish the Ramsey EDA powers. She welcomed the Board attend their meeting on August 3 Management Analyst Brama noted there are several other initiatives available for a retention program, which he provided along with their goals. He requested feedback and direction. Economic Development Authority /July 12, 2012 Page 2 of 6