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Discussion ensued regarding the need to get Ramsey business owners and <br />residents involved in the star city program activities. The possibility <br />of soliciting more citizen involvement through a business fair exposition <br />was discussed. It was determined tl~at a business fair expo amd business <br />appreciation day should be two separate events. <br /> <br />Consensus was to place the discussion of a business fair expo on the next <br />Economic Development Commision agenda and that the chairperson from the Elk <br />River Business Fair Expo be invited to that meeting. <br /> <br />Update On Sewer And Water To Industrial Area: <br /> <br />Mr. Hardin stated that the sewer and water subcommittee met with Ms. Norris <br />and Mr. Hartley and prepared a proposal to be submitted to the Economic <br />Development Commission that will hopefully address the concerns of those <br />property owners that feel they cannot afford the assessments. Tax <br />increment would pay for 50% of the project up front. Property owners <br />paying the assessment in full or going on the tax rolls right away would <br />receive a 50% discount to their assessment. Those property owners going on <br />the tax rolls within the first 5 years of the project period would receive <br />a 35% discount to their assessment. Deferments would be granted for up to <br />ten years and those choosing to do so would still get a 10 year period in <br />which to pay off the assessment. <br /> <br />Mr. Greenberg stated that there are 3-4 business/property owners that <br />firmly feel they can neither afford the assessment now nor in ten years; <br />the only solution for them is deferment until sale of the property. <br /> <br />Consensus was to place discussion of sewer and water assessments on the <br />next Economic Development Commission agenda. <br /> <br />ADJOURNMENT <br /> <br />Motion by Mr. Wagner and seconded by Mr. Alsdurf to adjourn the regular <br />meeting of the Ramsey Economic Development Company. <br /> <br />Motion carried. Voting Yes: Mr. Hardin, Mr. Fults, Mr. Wagner, Mr. <br />Alsdurf, Mr. Kurak and Mr. Greenberg. Voting No: None. Absent: Mr. <br />DeLuca, Mr. Vevea, Mr. Miller and Mr. Muller. <br /> <br />The meeting adjourned at 9:15 a.m. <br /> <br />Respectfully submitted, <br /> <br />Sylvia Frolik <br />Secretary <br /> <br />Anne Norris <br />Community Development Director <br /> <br />Economic Development Company/November 6, 1986 <br /> <br />Page 3 of 3 <br /> <br /> <br />