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Minutes of the Economic Development Commission City of Mounds View Ramsey County, Minnesota Regular Meeting March 23, 1995 City Hall 2401 Highway 10, Mounds View, MN 55112 Call to Order: The meeting was called to order at 6:05 p.m. by Chairperson, Phil Seipp. 2. Roll Call: Members present were as follows: Mark Malone, Dan Nelson, Ron Schmidt, Delane Welsch and Phil Seipp. In addition, EDA Liaison Sue Hankner and Economic Development Coordinator Cathy Bennett were present. Members Peg Mountin and Rosemary Goff were absent. 3. Q Approval Of Minutes: Motion/Second: Welsch/Nelson moved approval of amended Minutes of EDC Meetings, January 26 and February 23, 1995 5 ayes 0 nays Motion Carried Special Business A. Presentation of Mounds View Housino Study Jennifer Bergman, City of Mounds View Housing Intern, gave a brief overview of the findings and conclusions of the Mounds View housing study for the Commission. In particular, Jennifer noted the funding mechanisms and the potential use of Tax Increment Financing funds to begin a housing loan program. The program could essentially be set up similar to the business loan program whereby the City participates in a portion of the loan at a reduced interest rate and the bank matches the City's portion at conventional rate. Program proposals will be brought back to the Commission at a later date. 5. EDC Business: A. Discuss Procedures for Commission Member Involvement in Business Retention Calls Coordinator Bennett outlined the importance of continuing a retention program to meet with those companies that were unable to participate in the North Metro Business Retention and Expansion Program. In addition, Coordinator Bennett noted that there are a couple of new companies and a few at risk companies that may be leaving Mounds View that should be contacted. Coordinator Bennett distributed a list of businesses that were not covered under the survey process. It was recommended to try and meet with 5 companies per month. Each Commission Member was asked to designate 2-3 dates in April that would be convenient to meet with the businesses and Coordinator Bennett would arrange the meetings.