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<br />~ QCTV Updates <br />. Work plan items that were not initiated or completed in 2006: <br />o Marketing / Communication <br />~ Business Connection Newsletter <br />~ Hold EDA meetings at local businesses <br />~ Initiate additional publications or events <br />~ Utilize Ramsey Resident <br />Member Kiefer suggested including an informational piece about EDA <br />accomplishments in the Ramsey Resident. Economic Development <br />Coordinator Sullivan indicated this type of piece could be included at the <br />end of the year and list the EDA members. Consensus of the EDA was <br />that the article include a summary of the EDA accomplishments and list <br />the new businesses in the City. <br />o Development Incentives / Land Purchases <br />~ Creation of another Business Park <br />~ Utilize Revolving Loan Fund <br />o Education / Potential Partnerships <br />~ Department of Employment and Economic Development (DEED) <br />~ Chambers of Commerce <br />~ Local Banks <br />~ Ramsey Rotary <br />~ Ramsey Lions Club <br />· 2007 Work Plan Discussion <br />o TIF Incentives/Land Purchases/CDBG <br />~ Tin Pan Alley <br />~ Industrial/Business Park Properties <br />~ Continue acquisition of blighted properties <br />Acting Chair Steffen asked if there are specific properties in mind for <br />acquisition. Economic Development Coordinator Sullivan replied with <br />the changes in eminent domain all acquisitions will likely be willing <br />sellers. The area of focus for acquisition has been in the Critical Blight <br />Redevelopment Area. Member Strommen suggested consideration of <br />incentives to offer landowners that might be willing to sell and relocate. <br />Member Kiefer suggested exploring creative options with landowners and <br />showing them the revenue that could be made by building a new building <br />and renting part of it out. Mr. Sullivan replied he has had that conversation <br />with most of the business owners already, and they know that is an option. <br />He explained owners of metal buildings are paying such low taxes that <br />building a new building would not be a revenue producer for them. <br />~ Additional Funding Sources <br />~ Acquisition of additional industrial land <br />Member Kiefer inquired about the status of property acquisitions on the <br />north side of Highway 10. Economic Development Coordinator Sullivan <br />replied the purchases have been financed through Ralf Funds, and have <br />been being acquired at a steady rate. <br /> <br />o Signs <br />~ Redevelopment Signs (continue to use and update) <br /> <br />Economic Development Authority/November 30, 2006 <br />Page 3 of7 <br />