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Ramsey EDA Dashboard <br />EDA Fund <br />$ 663,910.00 <br />Utilized for project costs associated with EDA initiatives. Examples include <br />property acquisition, site preperation, demolition, professional services, other. <br />Revolving Loan Fund <br />$ 280,724.00 <br />Fill financing gap between project costs and private debt financing <br />Typically, low or even zero interest rate; entices recruitment and expansion in Ramsey. <br />Assets <br />Nordvick Property, 1.43 acres (8020 147th Ave NW) <br />$ 500,000.00 <br />Purchased for by City for $800,000, $600,000 from EDA fund. Listed for $10 psf ($622,908) <br />Building demolition and site clean up, EDA Fund (23,550). <br />EDA Budget (annually renewed) <br />Miscellaneous Operating Supply ($10,600 budgeted) <br />$ 10,600.00 <br />Primary Fund for EDA events and miscellaneous costs. Examples <br />Include expo, golf tournament, networking event, business of the years costs. <br />Miscellaneous Professional Services ($45,000 budgeted) <br />$ 30,128.00 <br />Primary fund to supplement EDA initiatives with professional services. <br />Examples: site investigation, ED consulting, Financial consulting, site concepts. <br />