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Minutes - Economic Development Authority - 05/14/2020
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Minutes - Economic Development Authority - 05/14/2020
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Meetings
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Minutes
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Economic Development Authority
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05/14/2020
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that it would seem that someone should make sure that the City does not have to pay commission on the free ads. <br /> <br />Economic Development Manager Sullivan stated that staff did discuss that topic with those involved in publication. He stated that staff anticipates that the City would still pay the <br /> normal commission rate as some businesses have already committed to a year’s worth of advertising with the agent at Prime. <br /> <br />Member Riley stated that if an exception is being made for the next edition, he would suggest that whatever revenue that has been generated would continue to be shared. He noted that <br /> if there is no revenue generated from the advertisement, a commission would not be paid, as this is a new one-time program due to COVID-19. <br /> <br />Deputy City Administrator Gladhill stated that staff would work with the Ramsey Resident staff to negotiate the details, which is why a not to exceed amount was suggested in the case, <br /> to provide the flexibility. <br /> <br />Member Heineman referenced the criteria for those that would receive the advertisement space. He asked if there would be criteria developed for how businesses would be prioritized. <br /> <br /> <br />Economic Development Manager Sullivan replied that the types of businesses eligible were outlined in the policy and would be accepted on a first come, first serve basis. He noted that <br /> a business that already advertises in the Ramsey Resident would receive priority over a business creating a new ad through this program. <br /> <br />Member Cords stated that with the liquor license program there is a deal provided to a specific set of businesses. He stated that perhaps other businesses be given priority over the <br /> on-sale liquor license businesses because they already received benefit through the other program. <br /> <br />Economic Development Manager Sullivan confirmed that language could be included that states that businesses that have received the on-sale liquor license fee waiver could be placed on <br /> a waiting list and eligible if there is still space available, giving other businesses priority. <br /> <br />Member Hardin asked to see the outline of the businesses that would be eligible. <br /> <br />Economic Development Manager Sullivan displayed the list. <br /> <br />Chairperson Steffen stated that it appears this project could apply broadly but again appears to have a prioritized list. <br /> <br />Economic Development Manager Sullivan stated that the intent of these programs was to first address the businesses that have been forced close the longest. He noted that the list does <br /> not include manufacturers. He noted that those businesses may not even find it helpful to advertise in the Ramsey Resident.
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