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C. OUiRCJ.-[,~i(ti,I[~,~. DeLuca introduced the following <br />reso],~_t i,~,l ~i,~ct-~ii(~[t-!~-or_'~-its ad-option: <br /> <br /> RgSOLUTION <br /> <br /> CITY OF RAMSE¥ <br />ANORA COUNTY. MINNESOTA <br /> <br /> W[I~;~'gA[~ the City of Ramsey through its City Council <br /> <br />has und~,'i.:~]c~ var~ious programs designed to promote the economic <br />deve]op,~,~,,~: ~:[- [he Cindy; and <br /> <br /> WB~:~2A~;~ oue of the tools which the City is using to <br />promoi:e ~,; ~(:()n.o~.ic development is the Ramsey Economic <br />Deve]op,~, ,~: ,:,)mpany. "Deve].opment Company". which company is a <br />non-prof [~: ,~:~,~q)o-cation; and <br /> <br /> WM~R~A~, the City provides staffing and funding to said <br /> <br /> WMtf[:6A~;, a~3 a part of i~s activities the company is <br />admin~sl ,~,';~,;,; CJl. 2y CBDG Funds by loaning the same to various <br />busincs:',~.', I :(~ate(l or about 2o locate within the City; and <br /> <br /> W~'~fA~, Jn dealing with the businesses above described, <br />the Oev~:~[~,~,,, ~t~i: Company' ne~'~ds ~o review various financial data <br />and ]~ec,,cd:~ or, fating ~o said businesses; and <br /> <br /> ~.:k~;lt::~ the businesses desire to keep their financial <br />records :~,~.~, ied to the Development Company confidential <br />inc]_.di,~:t :~f_~: idenlzity in the event a proposed transaction is <br /> <br /> W~E[[~;~ti:;, the Development Company's Board of Directors <br />recogr~ze ':~..':; need for confidentiality and urges the City to <br />take wb;~:t~?,,~ action w~thin its power to assure prospective <br /> <br /> <br />