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,© <br /> <br /> letter of credit. Mr. Berg stated that in the case of land as collateral, the <br /> City would be the first mortgage holder of the land and that the land must be <br /> free and clear. Discussion ensued regarding bonding, letter of credit and <br /> cash flow. Commissioner Fults also noted that point #4 of his motion regarding <br /> EDC reviewing requests for municipal sewer and water should be a simplified <br /> process so as not to present another hoop for developers to go through. Mr. <br />Berg stated that EDC would be reviewing philosophy of extending and developing <br />and its affects on the community and this review should not affect the developer's <br />time table. Mr. Berg stated that City Staff will support EDC's recommendation <br />to include the provision of land as collateral and that the City Attorney could, <br />'upon Council's request, including'wording in the ordinance.that would be <br />defendable in court. · <br /> <br />~otion carried. Voting Yes: Chairman Greenberg, Commissioners Menkveld, Miller, <br />Muller, Fults, Schneider and~Cox. Voting No: None. Absent: Commissioners <br />Guy,'Sentyrz and Schmidt. <br /> <br /> Chairman Greenberg called for nominations for representative of EDC to attend <br />· the public forum regarding utility assessment ordinance to be held on April <br /> 19, 1983 at Ramsey Elementary School. <br /> <br />Commissioner Schneider stated'thatIEDC's representative to that public forum <br />should address .the issue of bonding and it's benefits to the City, that it is <br />a very persuasive point. <br /> <br />Commissioner Cox agreed that the residents should be informed of the pluses. <br /> <br />Mr. Berg stated that most likely developers p~esent at the forum will also <br />address the subject of bonding and it's potential benefit to the City. ~ <br /> <br />Mr. Raudio stated that he as a'developer, will be careful not to present a <br />biased case at the forum, that he intends to obtain back-up to his input from <br />the County. He also noted that citizens are reluctant to accept his input' <br />beCause he is a developer. <br /> <br />Commissioner Cox stated that if it weren't for the. developers, 90% of Ramsey's <br />population would not be in Ramsey, that Ramsey is made up of developments, <br />not individual~ properties~ .... <br /> <br />Commissioner Fults, on the subject.of.an article regarding metro property <br />values presented to the-Commission at thei~ meeting on April 13, 1983, stated <br />that he has discussed the article with the City AssessOr and it has been <br />determined that there are inaccuracies in that article.. <br /> <br />Motion by Commissioner Cox and seconded by Commissioner Miller directing <br />Commissioner Fults represent the EDC at the public forum scheduled for April <br /> <br />Motion carried. Voting Yes: Chairman Greenberg, CommissiOners Menkveid, <br />Miller, Muller, Fults, Schneider and COX. Voting No: None. Absent: <br />Commissioners GuY, Schmidt and Sentyrz. ~ <br /> <br />Commissioner. Cox stated that he would assist Commissioner Fults in preparing· <br />data to present'at the forum. <br /> <br />Sp EDC/April 15, 1983 <br />Page 3 of 4 <br /> <br /> <br />