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Member Cords noted that the mentioned project is a non-profit and therefore not eligible for the <br />program. <br />Economic Development Manager Sullivan provided additional details on how the program would <br />work. <br />Deputy City Administrator Gladhill provided additional details on the SAC program with the <br />Metropolitan Council. He noted that the City has been close to losing prospects because of those <br />charges. He noted that there are businesses that have struggled with SAC and this program would <br />provide another option. <br />Member Riley asked if this would apply to every building that would be built in the City with <br />sewer and water and asked if other cities have this same type of program. <br />Economic Development Manager Sullivan replied that there are a number of communities that <br />have programs of this nature which are more attractive to businesses. He did not believe this <br />program would be used all of the time, as most businesses do not want to pay interest when they <br />do not have to. <br />Chairperson Steffen commented that he does not see a reason not to further explore this option. <br />Motion by Member Steffen, seconded by Member MacLennan, to direct/nor direct staff to conduct <br />further research and to bring back a draft SAC Deferral Policy for future EDA review. <br />A roll call vote was performed: <br />Member MacLennan aye <br />Member Olson aye <br />Member Cords aye <br />Member Johnson aye <br />Member Riley aye <br />Member Howell aye <br />Chairperson Steffen aye <br />Motion carried. <br />5. MEMBER / STAFF UPDATE <br />Economic Development Manager Sullivan indicated that there is one vacancy for the Chamber <br />Gala event and welcomed interested members of the EDA. He advised of an upcoming Ramsey <br />Employee Appreciation Day at Sunwood Nutrition. He stated that the Council directed staff to <br />move forward on the billboard process with iDigital. He provided an update on the Storyteller <br />Cafe project. He asked if the EDA would be willing to consider utilizing the revolving loan fund <br />or SAC/WAC fund for a non-profit business. <br />Economic Development Authority/ May 13, 2021 <br />Page 9 of 11 <br />