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Application Process <br /> The applicant must submit a completed Business Assistance Application and all required <br /> attachments to the City's Economic Development Department. The Ramsey Economic <br /> Development Authority will make a recommendation on the full-service restaurant subsidy to the <br /> Ramsey City Council. Applicants will be notified of EDA and City Council meetings and may <br /> be asked to attend to present their request for assistance. Any financial assistance to full-service <br /> restaurants as part of this program is subject to City Council approval. Moreover, such financial <br /> assistance is limited by the availability of City Water Funds. The City will underwrite the loan <br /> request to ensure that the business concept is financially viable. <br /> Implementation Procedures <br /> The program does require the applicant pay upfront permit fees, and a minimum of 30% of all <br /> applicable Water Access Charges (WAC) and Sewer Access Charge (SAC fees) that the City of <br /> Ramsey is required to pay on behalf of the project to the City and Metropolitan Council. To be <br /> in good standing with the City, applicant and/or landlords must be current on all municipal taxes, <br /> special assessments, City utility bills, or EDA loans. Principal forgiveness will cease if the <br /> applicant and/or landlords fail to be current on these obligations. Principal forgiveness will <br /> cease if the applicant discontinues the business, moves the business, or fails to comply with any <br /> and all building, fire, health, or zoning codes or regulations. <br /> Sunset Date <br /> There is no Sunset Date on this program and it will remain in place until such date that the City <br /> Council determines it is no longer necessary. <br />