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I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> 1 <br /> I <br /> ! <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />Muller, Fults, Schneider Miller and Schmidt. Voting No: None. Abstain: <br />Commissioner Guy. Absent: Commissioners Cox and Sentyrz. <br /> <br />Commissioners Menkveld, Miller and Fults stated that they would be contacting <br />commercial and industrial developers and requesting that they provide back-up <br />information to EDC's recommendation to Ramsey City Council. <br /> <br />Commissioner Schmidt stated that he would provide City Council with a letter <br />explaining the mechanics of a letter of credit and land mortgage and their <br />drawbacks on a developer's line of credit and that he will have this information <br />ready prior to the May 16, 1983 special Council meeting with the Ramsey <br />Coalition. <br /> <br />Case #2: Local Development Corporation Sale Of Stocks: <br /> <br />Tabled. <br /> <br />ADJOURNMENT <br /> <br />Motion by Commissioner Guy and seconded by Commissioner Menkveld to adjourn <br />the regular meeting of the Economic Development Commission. <br /> <br />Motion carried. Voting Yes: Chairman Greenberg, Commissioners Menkveld, Guy <br />Muller, Fults, Schneider, Miller and Schmidt. Voting No: None. Absent: <br />Commissioners Cox and Sentyrz. <br /> <br />The regular meeting of the Economic Development Commission adjourned at <br />9i10 a.m. <br /> <br />Respectfully submitted, <br /> <br />Sylvia Frol ik <br />Secretary <br /> <br />Lloyd G. Schnelle <br />City Admi ni strator/C1 erk <br /> <br />EDC/May 11, 1983 <br /> Page 5 of 5 <br /> <br /> <br />