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Ms. Norris stated that the Hwy. #10 Study Committee is me~ting Thursday, <br />August 6 at 7:00 p.m. The emphasis of that meeting will be on <br />transportation. <br /> <br />Case #4: <br /> <br />Discussion Re~arding Loan Origination Fee For Applications <br />TQ Revolving Loan Fund: <br /> <br />Ms. Norris inquired if the Company wants to specify a particular amount for <br />revolving loan fund applications or if the fee amount should be flexible. <br /> <br />Motion by Mr. Hardin and seconded by Mr. DeLuca to include in the Revolving <br />Loan Fund Guidelines that generally, a 1% origination fee will be charged <br />on applications for the Community Development Block Grant fund program <br />and/or the Revolving Loan Fund program; this origination fee does not <br />include fees for any other programs not administered directly by the Ramsey <br />Economic Development Company. <br /> <br />Motion carried. Voting Yes: Mr. Hardin, Mr. Raudio, Mr. Kurak, Mr. DeLuca <br />and Mr. Greenberg. Voting No: None. Absent: Mr. Muller, Mr. Wagner, Mr. <br />Fults and Mr. Miller. <br /> <br />C~se #5: Discussion Regarding Separation Between Company And City: <br /> <br />The Board members tabled this case. <br /> <br />ADJOURNMENT <br /> <br />Motion by Mr. Greenberg and seconded by Mr. Raudio to adjourn the meeting. <br /> <br />Motion carried. Voting Yes: <br />and Mr. Greenberg. Voting No: <br />Fults and Mr. Miller. <br /> <br />Mr. Hardin, Mr. Raudio, Mr. Kurak, Mr. DeLuca <br /> None. Absent: Mr. Muller, Mr. Wagner, Mr. <br /> <br />The meeting adjourned at 6:25 p.m. <br /> <br />Respectfully submitted, <br /> <br />Sylvia Frolik <br />Secretary <br /> <br />~mmunity l&velopment Secretary <br /> <br />Economic Development Company/August 6, 1987 <br /> <br />Page 4 of 4 <br /> <br /> <br />