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Councilman Cox said that it definitely needs to be a community effort, not just <br />the City Council and Economic Development Commission. <br /> <br />Commissioner Sentryz feels that we would basically pay Mr. Klein for putting the <br />package together. Do we want this? Is it worth the money? That is the question. <br /> <br />Councilman Cox said that we could ask for an hourly basis not to exceed $1,000. <br /> <br />Mayor Gamec told the Commission that Mr. Klein has worked with St. Francis and <br />Burns and is very knowledgeable in this area. <br /> <br />Commissioner Miller gave the Commission copies of an article from Minnesota's <br />Business entitled "Montevideo Becomes Minnesota's First Star City for Economic <br />Development" <br /> <br />This was briefly discussed. <br /> <br />Chairman Greenberg said that he was under the impression at a previous meeting <br />that the reason for an LDC is to bring in industry and help the small business. <br />Could funds be used for helping him get started, such as a loan? <br /> <br />Mayor Gamec stated that this would be possible. The Commission would work with <br />businesses that needed money for expansion, starting, etc. We would also work <br />with them as far as assessments are concerned. <br /> <br />Commissioner Schmidt asked the Commission to refer to enclosure (D2-b) which is <br />a fact sheet on the Local Development Company "503" Program. <br /> <br />City Administrator Schnelle stated that he had also been informed that the "503" <br />Program really requires quite a bit of expertise as compared to the "502" Program. <br /> <br />Commissioner Schmidt stated you can go through SBA on a four community basis. <br />There is a natural emphasis ion Anoka, Andover and Ramsey. <br /> <br />Commissioner Sentryz asked if the "502" Program is out completely. <br /> <br />I <br /> <br />I <br /> <br />Commissioner Schmidt - yes. <br /> <br />A discussion followed regarding the "502" and "503" Programs. <br /> <br />Chairman Greenberg asked if the Commission was ready to make a decision. <br />that we should have a Local Development Corporation. <br /> <br />He feels <br /> <br />I <br /> <br />Motion by Commissioner Menkveld and seconded by Commissioner Schmidt to direct <br />Council to support the development of a Local Development Corporation and the <br />utilization of Mr. Steve Klein in this capacity. <br /> <br />Motion carried. Voting yes: Commissioner Menkveld, Schmidt, Greenberg, Muller, <br />Miller, Sentryz and Fults. Voting no: None. <br /> <br />Mayor Gamec reminded the Commission of the June 5th open house and that we may <br />want to let the citizens know that we have an Economic Development Commission in <br />the City of Ramsey. <br /> <br />EDC/May 12, 1982 <br /> Page 3 of 5 <br /> <br /> <br />