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(~airman Greenberg stated that land acquisition could be considered for a <br />crucial piece of property in the southeast corner of Ramsey's industrial <br />area, the Etienne property; this piece of property is for sale and a key <br />piece in the orderly develo~pent of Ramsey's industrial area. <br />Ms. Norris suggested that money could be used to make low interest loans to <br />developers that would develop that property according to the City's <br />specifications; it could be like a revolving fund -- as the money is paid <br />back to the City it would be used for further economic development. <br /> <br />Co~issioner Fults stated that using ~%~G funds to further develoDment on <br />Hwy. 47 would have a better chance as that area already has a good start. <br /> Motion by Cun..issioner Cox and seconded by C~,,.issioner Muller to reco~r~end <br /> that Cu.,~,unity Development Block Grant Funds be considered for use in one <br /> of the b~o following alternatives: <br /> <br />1) Acquisition of Industrial land. <br /> <br />2) To assist with financing that would appear to be feasible for the <br /> stimulation of development east of Rwy. 47 on the southern end of <br /> Ramsey. <br /> <br />Motion carried. Voting Yes: Chainpan Greenberg, C~,~dssioners Miller, <br />Muller, Fults, Cox, Wagner, Vevea, Hardin. Voting No: None. Absent: <br />Con~issioners Schneider and Schmidt. <br /> <br />~ Goals Of Ramsev Economic Develorment ComPany: <br /> <br />Conmission reviewed goals of Ramsey Zoonomic Developaent Company prepared <br />by the Executive subco~ittee. <br /> <br />f~airman Greenberg noted that purchase of the Etienne property and a <br />railroad over?~s were high on the priority list. <br /> <br />~ Status Of R~sev Economic Development Company: <br /> <br />Commission noted memo from Ms. Norris and Willi~ Goodrich dated Nove]~ber <br />5, 1984 regarding the status of the R~.~sey Economic Development Oompany. <br /> <br />Cu~auissioner Fults stated that the Company's first project should be <br />something very visible that will gain public support. <br /> <br />Co~missioner Cox stated that a YMG% facility would be very visible and <br />utilized by many people. <br /> <br />Case %5: Fillin~ Of Jack Schneider's Position On ~e fi)C: <br /> <br />Motion by Co~,~issioner COx and seconded by Co~missioner Muller to accept <br />Mr. Jack Schneider's resignation from the EDC and to authorize City Staff <br />to advertise to fill the unexpired term of Mr. Schneider. <br /> <br />Motion carried. Voting Yes: G~airman Greenberg, C~uissioners Vevea, <br />Miller, Muller, COx, Fults, Bardin, Wagner. Voting No: None. <br /> <br />Page 4 of 6 <br /> <br /> <br />