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ECONOMIC DEVELOPMENT AUTHORITY <br />CITY OF RAMSEY <br />ANOKA COUNTY <br />STATE OF MINNESOTA <br />The City of Ramsey Economic Development Authority (EDA) conducted a regular meeting on <br />Thursday, August 14, 2025, at the Ramsey Municipal Center, 7550 Sunwood Drive NW, Ramsey, <br />Minnesota. <br />Members Present: <br />Members Absent: <br />Chairperson Scott Wiyninger <br />Member Rachal Johnson (remote atte <br />Member Hannah Karpen <br />Member Brittany Lindahl <br />Member Chris Riley <br />Member Shanna Stewart <br />Member William MacLennan <br />Also Present: Sean Sullivan, Economic Development Manager <br />1. CALL TO ORDER <br />Chairperson Wiyninge- Economi evelopment Authority meeting to order at 7:30 a.m. <br />4. EDA BUSINE <br />4.01: Cons men <br />u'ess Assistance to Zero Zone <br />Econoevelopment l pager . n presented the staff report. <br />Jason Aarsvold, Ehlers, stated titt he h.._ .een working with the City to complete the but -for <br />analysis and estiniktes the availaMe tax increment amount to be $360,000. He stated that in this <br />case, the "but -for" est is about the, fact that the investment may go elsewhere outside of Ramsey. <br />He provided additional details onOhe analysis that was completed and related findings. <br />Economic Development Mager Sullivan provided additional details on the business subsidy <br />policy related to job creation. Zero Zone will be required to create 55 jobs with wages of at least <br />$21.00/hour. He commented that this would bring many more quality jobs per public dollar than <br />the minimum requirement of the State of Minnesota Statutes. He commented that not all projects <br />score as well as this project. <br />Phil Peterson, representing Zero Zone, stated that he has been with the company for 15 years, and <br />it has been great to see the growth of the company throughout that time. He provided additional <br />information on the project, which would allow the company to grow its industrial side. He stated <br />Economic Development Authority/ August 14, 2025 <br />Page 1 of 3 <br />