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07/11/84
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07/11/84
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Meetings
Meeting Document Type
Minutes
Document Title
Economic Development Commission
Document Date
07/11/1984
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<br />. <br /> <br />Mr. Stark - Rubber Research's proposal is for a program whereby <br />Ramsey, as a political subdivision, would sponsor Rubber Research <br />to the Waste Management Board. Ramsey would apply for a $700,000 <br />loan and a $300,000 grant from the Waste Management Board which <br />would be utilized to purchase equipment to be set up in the <br />facility and the facility would be leased to Rubber Research for <br />the processing of old tires into the product 'tire cycle'. <br />Additional funding will be required because Rubber Research <br />estimates the equipment to cost $1,000,000, which encompasses all <br />the Waste Management funds, and the company still needs real estate <br />at which to locate. The company needs a 40,,000 square foot <br />building and 4-5 acres. Tires will not be stock piled, they come <br />in on trailers and are not unloaded until they are processed. <br /> <br />Mr. Welsh stated that the facility must be owned by a local unit <br />of government; operation of the facility can be leased out for a <br />given period of time; time periods on loans usually coincide with <br />equipment life; applications can come from a joint venture of more <br />than one unit of local government. If at some point in time the <br />unit of government chooses to sell the facility to a private <br />business, any outstanding loan balance is due. <br /> <br />. <br /> <br />Discussion ensued regarding vacant buildings in Ramsey that could <br />be used for such a facility. Mr. Greenberg inquired if the <br />application for grant would qualify if the City leased a building <br />rather than owned a building. <br /> <br />Mr. Welsh replied that the facility must be publicly owned; the <br />operation of the facility can be leased out. Mr. Welsh stated <br />that we would meet with Board attorneys regarding whether or <br />not an application would qualify if the city leases a building. <br /> <br />Mr. Yantos - Assistant County Administrator - Inquired if Rubber <br />Research would be processing existing tire piles or newly <br />generated scrap tires. <br /> <br />Mr. Stark replied that his company process existing piles, new <br />generation of scrap tires or a combination of both. He added <br />that there are facilities currently doing chopping of the existing <br />piles; that Rubber Research is looking to processing new generation <br />of scrap tires and those tires that existing facilities cannot <br />handle -- steel belted radials. Mr. Stark further commented that <br />his facility will not charge for tires being dropped off. <br /> <br />. <br /> <br />Mr. Greenberg requested that Commissioner Hardin coordinate with <br />the County, Gity and Rubber Research to determinine if such a <br />proposal is fe~sible. <br /> <br />Case #2: Waste Management, Inc.; <br /> <br />Mr. Don Otter - Waste Management, Inc. - Stated that Waste <br />Management is a nation wide company dealing in solid waste <br />collection and disposal. Waste Management is proposing a North <br />and South expansion to the current landfill in the City. The <br />North proposal includes an environmental improvement program <br />but is receiving some controversy because it does move closer <br />to existing residences. A proposal was placed to Waste <br /> <br />EDC/July 11, 1984 <br />Page 3 of 5 <br />
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