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Draft EDC Minutes <br /> Oct. 15,2010 <br /> Page 2 of 3 <br /> After much discussion, the EDC made the following recommendations to the EDA: <br /> • Motion/Second: Commissioner Helgemoe moved and Commissioner Belting seconded a <br /> motion to recommend that the EDA eliminate the residency requirement component of the <br /> loan criteria. <br /> Motion Carried: 5 Ayes 0 Nays <br /> Motion/Second: Commissioner Johnson moved and Commissioner Belting seconded a <br /> motion to recommend that the EDA change the loan to value ratio to 100% for the Code <br /> Enforcement and Emergency Deferred Loan options and that the EDA maintain the loan to <br /> value ratio of 90% for the General Home Repair Loan option. <br /> Motion Carried: 5 Ayes 0 Nays <br /> 7. REPORTS OF COMMISSIONERS <br /> Commissioner Johnson announced that there would be a pancake breakfast tomorrow <br /> morning at Moe's from 7:30 to 10:30am to support the lrondale Orchestra. <br /> Commissioner Helgemoe announced that the Twin Cities North Chamber would be hosting a <br /> Small Business Expo at The Mermaid next Tuesday, October 26th beginning at 5pm. <br /> 8. REPORTS OF STAFF <br /> City staff provided the EDC with updates on the following items: <br /> Update on Select Senior Living Project <br /> The EDC discussed the importance of creating a trailway from the senior housing building <br /> leading to area business. <br /> Update on Sign Code Amendments <br /> Community Development Director Ken Roberts mentioned that he hopes the changes to the <br /> sign code will help to better serve Mounds View businesses. <br /> Mounds View Business News <br /> Ms. Steinmetz told the EDC that an employee of Mounds View's Midwest Motor Express, <br /> Frank Dietz, recently received the Maintenance Professional of the Year award from the <br /> Minnesota Trucking Association. <br /> Available Business Sites in Mounds View <br /> Commissioner Larson asked if there is any news on the PAK building. Ms. Steinmetz replied <br /> that the two owners of the building are still trying to decide if the building should be leased or <br /> sold. <br /> Commissioner Johnson asked why the vacant BP gas station building is not on the list of <br /> available sites. Ms. Steinmetz replied that the building is not officially for sale or lease at this <br /> time. Commissioner Helgemoe asked who owns the property. Mr. Roberts replied that the <br /> property is privately owned. <br /> • Commissioner Wagner-Harkonen mentioned that RJ Riches' recent paint job looks very <br /> nice. <br />