Laserfiche WebLink
I'I~OPOSED REVOLVING LOAN AND <br />FINANCIAL ASSISTANCE DOCUMENTS <br />By: James Gromberg, Project Manager <br /> <br />CASE #1 <br /> <br />Backgroundl : <br /> <br />The City Cou~ci! i,h, as created an Economic Development Authority (EDA) with which to help <br />encourage th~ e~l~,msion and location of businesses in commercial endeavors ,to the City of <br />Ramsey. In o~de~ for the EDA to achieve these goals, the City will need the abilit5 to provide for <br />financial assisian¢~ and to set guidelines as to how monies will be made available and the amount <br />that may be ac~quir~d. <br /> <br />Enclosed are the proposed guidelines for the acquisition of EDA assistance for projects in the City <br />of Ramsey. ~fter[review by the EDC and City Council, these documents will be sent to local <br />lending instit~ti0rls for further review and comment. The documents will then be changed <br />accordingly arid presented to the Ciiy Council for approval. <br /> <br />Recommend~Iiol~: <br /> <br />The EDC shotild ~eiview these documents at this time and make comments as to possible changes to <br />make the docu~enis as usable as possible. <br />Commission', ACtion: <br /> <br />Review docunlents and make changes accordingly. <br /> <br />Review CheCklist: <br /> <br />Project Manager <br /> <br />EDC:09/09/92 ~ <br /> <br /> <br />