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Economic Development Manager Sullivan stated that he would suggest having this $16,000 loan come from the $50,000. He confirmed that staff would recommend that the $50,000 come from the EDA cash balance. Chairperson Steffen commented that the loan dollars would still fund the City WAC charges. Economic Development Manager Sullivan confirmed that the loan dollars would still be used to pay the City WAC fee and the only dollars that would go outside of the City would be the SAC charges that are paid to the Metropolitan Council. Member Heineman asked if this information would be made public to all Ramsey businesses, so that businesses that wish to expand could apply. Economic Development Manager Sullivan commented that when the City Council approves something it is public information. He stated that it could make sense to publicize this information further. He noted that the intended use of the program is to attract new businesses but there is a provision that allows exception for existing businesses. He agreed that the program could be highlighted further. Member Heineman commented that if this is going to be used for this business to expand, it would be wise to make other Ramsey businesses aware that if they wish to expand this program would be available. Chairperson Steffen clarified that this is a restaurant program and would only apply to that type of business. Member Riley agreed that it should be used for a new or existing business but noted that the change has to be big enough to add enough seats that it would change water use. Member Cords stated that he was under the impression that the term exception applied because typically this is only applied to one of the charges and in this case, it is applying to both WAC and SAC. Economic Development Manager Sullivan commented that the exception word was used for the new versus existing. He stated that perhaps that language be clarified moving forward so that it is understood that both SAC and WAC could be considered. Member Burandt stated that if a business is expanding to the point where additional SAC and WAC is needed, he would not differentiate between new or existing as business growth is business growth. Member Riley asked if the EDA likes the idea of allocating the $50,000 versus taking applications as they come. He stated that he questions $50,000 as the program has been in place for three years without use. He stated that applications could continue to be reviewed as they come. Economic Development Authority/ January 14, 2021 Page 3 of 14