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7. Free advertising in next Ramsey Resident and/or restaurant -focused insert <br />8. Purchase of Gift Cards from Retailers and Restaurants for use at City Events or other City use. <br />9. Revolving Loan Fund (RLF) Loans and/or Grants to retailers and restaurants for general use <br />10. Forgivable Loans, Low Interest Loans, 0% Interest Loans for general use <br />Funding Source: <br />Staff has identified the following potential funding sources. <br />• EDA Fund <br />• Anoka County Housing and Redevelopment Authority (ACHRA) <br />• Ramsey Revolving Loan Fund (RLF) <br />Recommendation: <br />The EDA reviewed this item on April 7, 2020 and outlined the following recommendations: <br />• Approve the following now <br />o Waiver of On Sale Liquor License Renewal Fee (City Fee Only) <br />o Waive Advertising Fees for Ramsey Resident for Ramsey Businesses <br />o Waive Late Fees for Lease Payments on City Owned properties <br />• Continue to explore the following and bring back to future meeting <br />o Short Term <br />• Marketing Assistance Program <br />• Deferral of Lease Payments for City owned properties for 60-120 days <br />• Gift Card Purchase Program <br />o Long Term <br />• Low to No Interest Loan Program utilizing City RLF Loan Funds <br />Action: <br />Motion to adopt Resolution #20-077 authorizing assistance for businesses impacted by COVID-19. <br />Attachments <br />Resolution #20-077 <br />Executive Order 20-33 <br />Executive Order 20-20 <br />Executive Order 20-15 <br />Executive Order 20-04 <br />Ramsey Restaurant Guide <br />Business License Fee Schedule <br />Minneapolis Example of Assistance <br />Form Review <br />Inbox Reviewed By Date <br />Sean Sullivan (Originator) Sean Sullivan 04/09/2020 10:14 AM <br />Tim Gladhill Tim Gladhill 04/09/2020 11:16 AM <br />Kurt Ulrich Kurt Ulrich 04/09/2020 02:56 PM <br />Form Started By: Sean Sullivan Started On: 04/07/2020 09:52 AM <br />Final Approval Date: 04/09/2020 <br />