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It was suggested to sell shares at $25 a piece to receive a better response. <br /> <br />The Commission agreed that $25 shares would be much easier to sell~ <br /> <br />Motion by Commissioner Muller and seconded by Commissioner Menkveld to sell <br />shares in the Ramsey Economic Development Company at $25 ~ <br /> <br />Motion carried. Voting yes: Commissioners Greenberg, Muller, Menkveld, Fults, <br />Schneider, Guy and Miller. Voting no: None. <br /> <br />The need of a Board of Directors was discussed. Commissioner Menkveld suggested <br />that we could either use all ten members of the Economic Development Commission <br />or start with an initial group of two or three directors in order to initiate <br />the incorporation papers, then at the first meeting they could reelect members. <br /> <br />Councilman Cox said that we should be getting an indication from the Commissioners. <br />They should be committed to buying one share if they're on the Board of Directors. <br /> <br />Motion by Commissioner Menkveld and seconded by Commissioner Guy to use all ten <br />members of the Economic Development Commission as members of the Board of Directors <br />to incorporate the Ramsey Economic Development Company. <br /> <br />Motion carried. Voting yes: Commissioners Greenberg, Menkveld, Guy, Miller, <br />Muller, Schneider and Fults. Voting no: None. <br /> <br />Councilman Cox informed the Commission that now they are in the position to get <br />pledges. <br /> <br />City Attorney Goodrich stated that it will take possibly 30 days to file this <br />with the Security Exchange Commission at which time we can start actually selling <br />shares. <br /> <br />Chairman Greenberg thanked Mr. Goodrich for coming to the meeting. <br /> <br />Case #3: City Administrator's Report: <br /> <br />a) <br /> <br />Landfill - City Administrator Schnelle informed the Commission of the <br />meeting on August 4, 1982 with County and Metropolitan Council officials <br />and the City of Ramsey regarding the landfill. They drafted a resolution <br />to hire a consultant to find out public health problems and economic <br />loss. The Metropolitan Council had little information to give us about <br />costs. The Ramsey Cityi.Council feels~tax revenue would be lost forever. <br /> <br />The State does not want the present landfill included in Site P because <br />they don't want any of the problems associated wiqh the present site. <br /> <br />Councilman Cox stated that our two major concerns with the landfill are <br />the economic impact and the public health aspect. He stated that he <br />doesn't like lawsuits but in some cases that's all you can do, the only <br />way to get results. We're being discriminated against and we need to <br />speak up. <br /> <br />Chairman Greenberg left the meeting and appointed Commissioner Menkveld to finish <br />the meeting as acting chairman. <br /> <br />EDC/August 11, 1982 <br /> Page 3 of 4 <br /> <br /> <br />