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XX'ILL1/'O,.4 }r... GOOI2.~I(ZH <br />THOMAS M, FITZPATRICK <br /> <br />RANDALL, DEHN 8 GOODRICH <br /> <br /> A'I-FOKNE¥5 AT Nxxz <br /> 2140 FOURTH A%rENUE NOR"F'H <br /> ANOI~ MINNESOTA 55303 <br /> <br />MEMORANDUM <br /> <br />TO: <br />FROM: <br />RE: <br />DATE: <br /> <br />Steven DeLuca <br />William K. Goodrich, City Attorney <br />Corporate Status of Ramsey Economic Development Company <br />August 14, 1989 <br /> <br />As I advised you today, I did contact the State of Minnesota <br />Community Development Commission. I was advised that the State <br />does not have a listing of which corporations it considers as <br />Development Corporations pursuant to the Development Corporation <br />Section of the State Statutes. The person I spoke to advised me <br />that the Development Sections are applicable to any Development <br />Corporation which conducts its business as a Development <br />Corporation. This then depends some what on how the Ramsey <br />Economic Development Company desires to proceed. Unfortunately, <br />as best I can tell, there is no specific criteria I can cite to you <br />which will give a precise answer to the Development Corporation's <br />status. <br /> <br />With regard to non-profit status, I suggest that the company obtain <br />the services of an accountant knowledgeable with non-profit <br />corporation I.R.S. regulations to assist in filing the appropriate <br />I.R.S. forms necessary. I do know of a person who specializes in <br />this area who might be willing to consult with you on this subject. <br /> <br />For your information I am attaching a copy of my memorandum to you <br />dated March 14, 1989 at which time I discussed certain issues <br />regarding the company's corporate status. <br /> <br /> <br />