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Case #2: Information on TIF Projects in the City of Ramsey <br /> <br />TIF Specialist, Scan Sullivan, included in the agenda the formula to determine TIF assistance <br />and how many jobs have been brought to Ramsey by TIF. Mr. Sullivan is in the process of <br />compiling a questionnaire to TIF businesses regarding their benefits, pay, number of employees, <br />etc. Once this is completed he will present it to EDA members. <br /> <br />Mr. Sullivan will also be compiling information on past TIF projects to present to the members. <br /> <br />State law states that for every $75,000 in TIF money businesses need to create one job. The City <br />of Ramsey's requirement is one job for every $25,000. <br /> <br />Members are concerned uses that are not compatible will be developed within a district. <br /> <br />Case/43: Industrial Development Projects <br /> <br />City Administrator, James Norman, reviewed the current industrial developments. These <br />developments include Connexus Energy, Altron Property, Danny's Tranny, Gateway Industrial <br />Park No. 5, Alloy Recovery and Waste Management Property. Updates were also included in the <br />agenda along with a location map. <br /> <br />Case #4: Revisit Date for EDA Meetings <br /> <br />By consensus the EDA meetings were changed to the second Monday of the month. <br />ADJOURNMENT <br /> <br />Motion by Member Zimmerman, seconded by Member Scheiber, to adjoum the meeting. <br /> <br />Motion carried. Voting Yes: Chairperson Wagner, Members Anderson, Scheiber and <br />Zimmerman. Voting No: None. Absent: Members Blaha, LeTourneau and Riley. <br /> <br />The regular meeting of the Economic Development Authority adjoumed at 9:06 p.m. <br /> <br />Respectfully submitted, <br /> <br />~,Joj~nn Shaw <br /> 'l~ecording Secretary <br /> <br />Economic Development Authority/May-7;--3001 <br /> Page3 of 3 ~)c.c~.. ~ ac~ ~ <br /> <br /> <br />