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4.01: Consider Second Amendment to Purchase Ag <br />(Portions of case may be closed to the public) <br />Economic Development Manager Sullivan presented the staff report. <br />Chairperson Steffen commented that this is similar to the last request from the applicant and seems <br />reasonable. <br />Motion by Member Cords, seconded by Member Heineman, to recommend to City Council <br />approval of the Second Amendment to Purchase Agreement and Right of Re-Entry Agreement, <br />subject to City Attorney review. <br /> <br />Motion carried. Voting Yes: Chairperson Steffen, Members Cords, Heineman, Burandt, Howell, <br />and Riley. Voting No: None. Absent: None. <br /> <br />4.02: Consider Loan Application for Restaurant Subsidy Program: Water Availability <br />Charge Program for Pleasant Valley <br /> <br />Economic Development Manager Sullivan presented the staff report. <br /> <br />Member Cords stated that he likes this idea, especially with the current economic conditions and <br />impacts to the hospitality industry. He stated that the business started this expansion last fall, and <br />it was delayed because of shutdowns. He commented that he would support providing this <br />assistance. <br /> <br />Member Riley commented that residents continue to make the comment that Ramsey needs more <br />restaurants and that is why the subsidy program was created. He stated that this seems to be a <br />good use of this program, to help an existing business expand. <br /> <br />Chairperson Steffen agreed. <br /> <br />Economic Development Manager Sullivan continued to present the staff report details. <br /> <br />Chairperson Steffen referenced the comment made by staff that the program has never been used <br />but noted that he recalls two restaurants that used the program. <br /> <br />Deputy City Administrator Gladhill confirmed that Acapulco was the first project to use a similar <br />program and one other applied, was awarded but never used the program. <br /> <br />Economic Development Manager Sullivan explained that his comment was related to the program <br />since last updated in 2018. <br /> <br />Member Cords asked if the allocation would come from the EDA budget. He asked if the $16,000 <br />would come from the $50,000 amount proposed. <br /> <br />Economic Development Authority/ January 14, 2021 <br />Page 2 of 14 <br /> <br />