Laserfiche WebLink
• <br /> EDA RESOLUTION 13-EDA-276 <br /> MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY <br /> COUNTY OF RAMSEY <br /> STATE OF MINNESOTA <br /> RESOLUTION AMENDING THE MOUNDS VIEW <br /> BUSINESS IMPROVEMENT PARTNERSHIP LOAN PROGRAM <br /> WHEREAS, the Mounds View Economic Development Authority (EDA) has <br /> Economic Development Authority powers provided in Minnesota Statutes, Sections <br /> 469.090 to 469.108;and, <br /> WHEREAS, on June 5, 1995 per Resolution 95-EDA-27, the Mounds View EDA <br /> approved a business loan program for Mounds View businesses to provide low interest <br /> loans for interior and exterior improvements; and, <br /> WHEREAS, loans are "participation loans" offering $25,000 from the EDA and <br /> $25,000 provided by the participating bank; and, <br /> WHEREAS, the total loan fund budget for 2013 is $50,000. <br /> NOW, THEREFORE BE IT RESOLVED THAT the Mounds View Economic <br /> Development Authority does hereby authorize the following amendments to the Business <br /> Improvement Partnership Loan Program: <br /> 1) Remove the requirement that businesses must be located in Mounds View for two <br /> years prior to applying for the loan <br /> 2) Because the participating bank will require financial statements and bids to <br /> underwrite the loan, remove the requirement that applicants must also provide the <br /> information to the EDA <br /> Adopted this 13th day of May, 2013 by the <br /> Mounds View Economic Development Authority <br /> oe aherty, Presid- t <br /> (ATTEST) .JG/Yvlt,8 r <br /> James Ericson, Executive Director <br />