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EXEO3 TIVE SUBCOMMITiEE <br /> <br />~he Executive Subco~nittee of the Economic Develou~ent Commission <br />met on October 25 and November 1, 1984 to identify goals, <br />objectives and possible activities of the Ramsey Economic <br />Develofment Company. Following is a list of all objectives that <br />were proposed by the Executive Subcon~ittee. ~is is not a <br />ranked list. <br /> <br />- Enoourage local banks' holding companies to invest in Company. <br /> <br />- Develop, with utilities, the southeast corner of the industrial <br /> land in Ramsey (Etienne's property) for high use industries/ <br /> businesses. <br /> - Ramsey Economic Develot~ent Company purchase land: <br /> - Gontract for Deed, use stock sales for balloon payment. <br /> - Use CDBG funds; as land is sold off, recycle money from <br /> sales to fund installation of utilities. <br /> - Set up tax increment district on this land. <br /> - ~he Subcommittee noted that a RRoverpass is needed with <br /> any future develol~nent in Ramsey. <br /> <br />- Offer tax incentives to businesses locating in Ramsey. <br /> <br />- Offer iow interest loans to businesses to assist with tax <br /> burdens. <br /> <br />- Work closely with realtors dealing with industrial properties <br /> and developers/businesses looking for industrial properties. <br /> - Maintain a file of industrial sites available in Ramsey. <br /> <br />- Survey of l~amsey businesses of their needs and expectations <br /> from the City. <br /> <br />-Work with industrial developer to get building(s) for small <br /> businesses needing rental space. <br /> <br />- Work with industrial developer to develop southeast corner of <br /> industrial property (Etienne's property). <br /> <br /> <br />