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that they love Ramsey and would love to remain in Ramsey. He commented that their Iowa <br />location attracts more employees overall, but the Ramsey community attracts more qualified <br />employees, which is why they would like to expand this more technical side in Ramsey. <br />Member Karpen asked how the company plans to attract these employees. <br />Mr. Peterson replied that they do have an HR Assistant, and they will also use recruiters. He stated <br />that they may offer things such as relocation assistance to bring in engineers. He stated that they <br />do have training centers in Iowa and Minnesota. <br />Member Riley commented that they love to see the expansion of businesses in Ramsey and <br />commented that he enjoyed a previous visit to Zero Zone. He stated that they often talk about <br />bringing new businesses to Ramsey, but they also support the ansion of local businesses. <br />Mr. Peterson stated that in 2024, they invested i <br />Ramsey to make the location a better place to <br />ving evei <br />or their employe <br />in their current location in <br />Economic Development Manager Sullivan iden futur- sideratio ' . actions for this <br />project, as well as key terms of the T , Agreement. <br />Motion by Member Lindahl, seconde y ember Johns <br />approve a TIF Agreement/Business Subsidy i <br />and the requirement for thjeation of 55 jobs wi <br />Zero Zone <br />n, to recommend that the City Council <br />g $360,000 (6% interest) TIF Pay Go Note <br />imum wage of $21.00/hour or higher by <br />Further discussion: Chairperson ninger stated" that he foes to see businesses <br />Ramsey and continue to inst in communi%Ie noted that this would be a <br />property a • bring opportunity to tl community. <br />A roll ote was <br />Member <br />Member Ka <br />Member Lindah <br />Chairperson Wiym <br />Member Riley <br />Member Stewart <br />Motion carried. <br />performed: <br />aye <br />aye <br />aye <br />aye <br />aye <br />aye <br />expand in <br />great use of the <br />6. ADJOURNMENT <br />Motion by Member Lindahl, seconded by Member Karpen, to adjourn the meeting. <br />A roll call vote was performed: <br />Economic Development Authority/ August 14, 2025 <br />Page 2 of 3 <br />