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Councilmember Musgrove introduced the following resolution and moved for its adoption: RESOLUTION #24-020 RESOLUTION APPROVING LOAN FROM RESTAURANT SUBSIDY PROGRAM: BOSSMAN INC. DBA CHANTICLEAR PIZZA WHEREAS, the City of Ramsey, adopted a new Full-Service Restaurant Subsidy Program on February 8, 2021 to help reduce the cost of SAC and WAC charges and to assist in the recruiting of full-service restaurants to Ramsey; and WHEREAS, Bossman Inc. dba Chanticlear Pizza (“Chanticlear Bar and Grill”) submitted an application requesting a, 0% interest, forgivable loan for 70% of the $43,626 in SAC and WAC Charges due for the proposed restaurant expansion totaling $30,538.20; and WHEREAS, the EDA met on December 14, 2023 and unanimously recommended that City Council approve a 70%, 0% interest, forgivable loan in the amount of $30,538.20 for Bossman Inc., dba Chanticlear Pizza; and WHEREAS, Bossman Inc. is Active / in Good Standing with office of the Minnesota Secretary of State as of 12/21/23. NOW THEREFORE, BE IT RESOLVED BY THE CITY OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: 1) That the City Council approves a 0% interest, forgivable $30,538.20 loan to Bossman, Inc dba Chanticlear Pizza; subject to meeting loan criteria, satisfactory underwriting by CMDC and City Attorney review. 2) The City Council authorizes the execution of all required loan documents by the Mayor and City Administrator. 3) The $30,538.20 loan is to be funded from the EDA Cash balance and Water Fund. The motion for the adoption of the foregoing resolution was duly seconded by Councilmember Woestehoff, and upon vote being taken thereon, the following voted in favor thereof: Mayor Kuzma Councilmember Musgrove Councilmember Woestehoff Councilmember Howell Councilmember Specht and the following voted against the same: None