Minutes - Economic Development Authority - 06/14/2007

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the EDA may want to consider for the 2007 award. Mayor Gamec and Member Kiefer have recommended Bank of the West as the 2007 Business of the Year. Chairperson Riley requested information regarding the contributions of Bank of the West in relation to the criteria. Economic Development Coordinator Sullivan stated Bank of the West participated heartily in the Ramsey Happy Days event for five years through sponsorship of the parade. The bank has also been very supportive of National Night Out. They also helped the EDA in supplying a warm place to celebrate the redevelopment of the Amoco Station. Bank of the West is well thought of in the community. Mr. Sullivan indicated the only nomination that came from the Business Connection Meeting was Wells Catering. Member Elvig inquired about job growth and the expansion of tax base associated with Bank of the West. Economic Development Coordinator Sullivan replied all of these companies have not expanded the tax base because they are already located in the City, although they attribute to the tax base. Member Elvig noted Wells Catering has expanded and improved their facility and sponsors activities in the City. Motion by Member Elvig, seconded by Member Steffen, to award Wells Catering as the 2007 Business of the Year and to authorize staff to purchase a plaque to recognize this achievement. Member LeTourneau noted Wells Catering is a growing business in the community, but a couple of the other businesses have had a few more years in the community. He inquired what Wells Catering has done to reach out to the community. He noted Coborn's has provided a lot to the community, although it may be early for them to be presented with the Business of the Year award. Zero Zone is a great company, and they have expanded. The Board discussed the contributions of Wells Catering including hosting events III the community, participation in Happy Days, and the upgrade oftheir facility. Motion carried. Voting Yes: Chairperson Riley, Members Elvig, Steffen, LeTourneau, Steffen, V oting No: None. Absent: Members Kiefer, Schindel, and Strommen. Case #3: Business Appreciation Day Economic Development Coordinator Sullivan stated the invitation has been made for Business Appreciation Day. The invitation is included in the packet. The entry fee has been increased by $10 and the hole sponsorship has increased by $5. Lawn chairs with the Ramsey logo will be given away at the event this year. Mr. Sullivan requested authorization to mail out the Business Appreciation Day invitations. Consensus of the Board was to authorize staff to mail out the approved Business Appreciation Day invitations. Case #4: Staff Update The EDA reviewed the Staff Update. Economic Development Authority/ June 14, 2007 Page 6 of7