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Absent: Con~nissioners Schmidt and Schneider. <br /> <br />Availability_ Of 312 Rehabilitation Loan Funds~ <br /> <br />fkm~nission noted letter from Anoka County dated October 31, 1984 regarding <br />the availability of Rehabilitation Loan Funds FY1985. <br /> <br />Ms. Norris stated that these funds are intended for oomnm~rcial and <br />residential structure rehabilitation. <br /> <br />Mr. Schnelle stated that properties along Hwy. 10 may qualify for this type <br />of loan. <br /> <br />Q~ A?point 3 EDC Members to Meet With Anoka HDC ~b Discuss <br /> <br />Commission oonsensus was to appoint (~airman Greenberg and Commissioners <br />Vevea, Wagner and Fults to meet with Anoka ED(2 to discuss traffic concerns. <br /> <br />Copanission consensus was that County Con~nissioner Haas and Counciln~r A1 <br />Sorteberg be invited to this meeting beb~een Anoka and Ramsey EDC's. <br /> <br />It was also suggested that these traffic concerns be brought to the <br />attention of the State legislators. <br /> <br />Case ~8: City_ Administrator's Undate: <br /> <br />Mr. Schnelle stated that Staff is working on the 5 year Capital Improvement <br />Plan; there will be a public hearing regarding same; and it will be on <br />Council's Dec6~ber agenda for adoption. Mr. Schnelle stated that if this <br />EDC Oommission has any projects in mind for th~ next 5 years that would <br />involve a cost to the City, they should be brought to Staff's attention for <br />inclusion in the plan. ~his Capital Improvement Plan will be updated <br />annually. <br /> <br />Mr. Schnelle stated that property owners along Hwy. 10 say their facilities <br />are not worth anything and they are too costly to repair; suggested that <br />low interest loans could be made to these property owners by utilizing <br />Rehabilitation Funds that are available. <br /> <br />Oon~nissioner Cox suggested that letter be issued to property owners along <br />lRwy. 10 informing them of these Rehabilitation Funds and see what kind of <br />response there is. <br /> <br />Con]~issioner Fults inquired if there are any tax write-offs or shelters <br />available to developers investing in buildings that need rehabilitation. <br /> <br />Ms. Norris stated she would check into it. <br /> <br />Mr. Schnelle stated that if the County can't get government grants, they <br />will consider bonding for the R~n River Bridge Crossing. <br /> <br />Commissioner Cox stated that bonding could have a two sided affect; it <br />would stimulate activity that will generate more taxes and inoome for those <br /> <br />Page 5 of 6 <br /> <br /> <br />