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i <br /> I <br />,I <br /> <br />I <br />! <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />i <br />I <br />I <br />I <br /> <br />Cc~missioner Fults ncminated C~issioner Cox. Cc~missioner Miller <br />seconded the nomination. C~issioner Cox accepted the ncmination. <br /> <br />Motion by Commissioner Vevea and seconded by Cc~nissioner Miller that <br />the ncminations be closed. <br /> <br />Motion carried. Voting yes: Chairman Greenberg, Cc~missioners Cox, <br />Fults, Vevea, Hardin, Miller and Wagner. Voting No: None. Absent: <br />C~L,,,issioners Schmidt, Schneider and Muller. <br /> <br />Case ~3: Appointment Of Officers To Ramsey Econmic Develolm~ent <br /> C~mpany: <br /> <br />Cc~mission t_~bled this case. <br /> <br />Case t4: Naming Of Executive Subc~..,,ittee To Study And Identif~ Goals <br /> And Cbjectives of ~he Ramey Econcmic Develolm~nt Ccmpany: <br /> <br />Ms. Norris stated that the Executive Subcc~mittee could be the Board <br />of Directors of the Ccmpany or a separate appointed c~ittee. <br /> <br />Cc~nissioner Fults stated that he would like to see people in the <br />business cu,,,,unity get involved and those persons should make up this <br />Ramsey Development Company officers and subcc~mittee. <br /> <br />Ms. Norris stated that it might be that you have to be a stockholder <br />in the ccmpany to serve on the Executive subcc~mittee or as an <br />officer; once the stock is sold, new officers and subcc~mittees can be <br />arranged. <br /> <br />Motion by C~missioner Cox and seconded by Cc~missioner Vevea to <br />appoint Cc~missioners Schmidt, Hardin, and Wagner and Chairman <br />Greenberg as the Executive Subc~,,ittee to study and identify goals <br />and objectives of the Ramsey Econcmic Develolm~ent C~pany. <br /> <br />Motion carried. Voting yes: Chairman Greenberg, C~nissioners Cox, <br />Fults, Miller, Hardin, Wagner and Vevea. Voting No: None. Absent: <br />Ccm~nissioners Schmidt, Muller and Schneider. <br /> <br />Case ~5: Comparison On housing Develounents (Informational Only) <br /> <br />Ms. Norris stated that Mr. Schnelle and Mr. Berg prepared a ccmputer <br />comparison of the River's Bend project versus a rural housing area; <br />this ccmputer runout c~mpares assessed hcme values, sale price, amount <br />of roads to be maintained and expected revenue to the City. <br /> <br />Cu~,,~issioner Cox noted that it takes 349 rural setting hcmes to equal <br />the anount of revenue generated by 152 hemes in River's Bend, however, <br />this type of develoI~nent, generally, can be a burden on the c~unity <br />and should only occur where utilities are easily accessible. <br /> <br />COMMISSION INPUT <br /> <br />Mayor Gamec stated that it looks like the Run River Hills Housing and <br /> <br />Page 4 of 5 <br /> <br /> <br />