Agenda - Council - 03/23/1982 - Laserfiche WebLink

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I I I I I I I I I I I I I I I I I I Council referred the Local Development Corporation to the Economic Conmlj .~:s ion. Councilman Cox stated he thought the Economic Development Commission should give their reco~u~cndation to the City Council as to what their thoughts were on form- ing a local Development Corporation as being proposed by Mr. Stephen Klein, Pre- ferred Planning Service. He further stated that the Economic Development Commis- sion should remember that the City Council may or may not take their recommenda- tion on this issue. Commissioner Felts stated that he could not really see too much difference from what Mr. Klein was proposing and what the Ramsey Economic Development Co, mission was accomplishing as a volunteer group. Consequently, he did not see why the City of [-mm:;ey should go t6 this extra expense. Then Mr. Fults asked Chairman Greenberg how Mr. Klein's proposal in regards to the forming of a Local Develop- ment Commission differed f~om Mr. Don Greenberg's development group. Mr. Green- berg stated that their group was doing the same thing except they (LDG) were not a non-profit group. Councilman Cox asked if they, the Economic Development Commission, would consider hiring someone on an hourly part-time basis. Commissioner Muller stated he thought the City should hire someone who would give the leadership and coordinate the activities of the proposed Local Development Corporation if it was going to be a success. Commissioner Schmidt asked Chairman Greenberg if his group was a non-profit group. Chairman Greenberg stated that no, it wasn't a non-profit corporation. Commissioner Jensen stated that setting up the corporation was not a big thing, but getting out and selling the stock to set up the capital was quite a task. Commissioner Jensen further stated that they couldn't use Chairman Greenberg's corporation as it exists for nUmerous reasons because of the problems that would arise from it. Commissioner Fults felt that if the Economic Development Commission sat down to have a meeting together with Council that he is not in favor. Commissioner Menkveld asked if Chairman Greenberg has the SBA certification. Chairman Greenberg stated he does but needs leadership and direction. Cc~missioner Menkveld said that in order for it to work it has to have people pushing it. Councilman Cox commented that if we hire him on an hourly basis and after we've used up $5,000, then what? Commissioner Muller stated that the person will have to have the time and leader- ship abilities to take the ball and run. Councilman Cox said that he can see two sides to this. In some cases, yes. In some cases, no. Commissioner Schmidt stated that an actual Local Development Corporation is a nonprofit organization and there is no chance the City would become committed. EDC/March 10, 1982 Page 5