Agenda - Council - 02/28/2017 - Laserfiche WebLink

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Motion carried. Voting Yes: Mayor Strommen, Councilmembers Riley, Johns, Kuzma, LeTourneau, Shryock, and Williams. Voting No: None. 7.06: Consider Adopting Resolution #17-02-047 Supporting Pollinator Initiatives in the City of Ramsey and Authorizing the Mayor to Sign the Mayors for Monarchs Pledge Community Development Director Gladhill reviewed the staff report and advised that the Environmental Policy Board and the Parks and Recreation Commission were supportive of the Mayors for Monarchs program and the EPB was also supportive of a broader pollinator initiative as well. Parks and Assistant Public Works Superintendent Riverblood stated that both the Park and Recreation Commission and Environmental Policy Board support this action. He noted that he himself is a third -generation beekeeper. Motion by Councilmember Kuzma, seconded by Councilmember Johns, to adopt Resolution #17-02-047 to Support Pollinator Initiatives in the City of Ramsey and to Authorize the Mayor to take the Mayors for Monarchs Pledge on Behalf of the City. Motion carried. Voting Yes: Mayor Strommen, Councilmembers Kuzma, Johns, LeTourneau, Riley, Shryock, and Williams. Voting No: None. 7.07: Consider Request from American Print and Digital for Use of Ramsey EDA Revolving Loan Fund Asst. City Administrator/Economic Development Manager Brama reviewed the staff report and noted that the EDA reviewed the case on February 9th and was in support of approving the loan agreement. He reviewed the comments of the EDA with are recommended as a part of the approval, should the Council approve the request. Councilmember Riley stated that the EDA passed the item on a 6-0 vote with one abstention. He stated that the Council has already approved the change to the policy with this project in mind. He stated that the owner appears to be all in on this project as he is willing to put up his residence as collateral as well. Councilmember Kuzma asked what the owner is putting up for collateral at this point. Mr. Mulrooney stated that the owner is putting five percent cash equity into the project, noting that 50 percent of the cash financing will be provided by a local lender, 40 percent will be provided by the SBA 504 loan fund, five percent from the EDA RLF loan, and five percent from the borrower. He stated that the RLF loan was created for this type of purpose, noting a similar project that was approved through this program that assisted a local business in expanding and advised that business is still successful in Ramsey. He stated that requests to the program have been low because of the low interest rates that were available but believed that more requests will come forward as rates increase. City Council / February 14, 2017 Page 9 of 13