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<br /> <br /> <br /> <br /> <br />Minutes of the Economic Development Commission <br />City of Mounds View <br />Ramsey County, Minnesota <br /> <br />Regular Meeting <br />June 25, 1998 <br />City of Mounds View, Conference Room C <br />2401 Highway 10, Mounds View, MN 55112 <br /> <br /> <br />1. CALL TO ORDER: <br /> <br />The meeting was called to order at 7:35 a.m. by Chairperson, Cindy Carlson. <br /> <br />2. ROLL CALL: <br /> <br />Members present: Cindy Carlson, Ron Schmidt, Tom Field, and Brian Sjoberg. <br />Staff present: Housing Inspector Steve Dorgan and Economic Development <br /> Coordinator Kevin Carroll. <br /> <br />3. APPROVAL OF MINUTES: <br /> <br />Motion/Second: Sjoberg/Field to approve the minutes from May 28, 1998. <br /> <br />Motion Carried 4 Ayes 0 Nays <br /> <br />4. SPECIAL BUSINESS <br /> <br />None. <br /> <br />5. EDC BUSINESS <br /> <br />A. Discussion of Home Improvement Loan Subsidy Program. <br /> <br />EDC members reviewed and discussed Housing Inspector Dorgan’s proposed final <br />drafts of the guidelines for the two interest subsidy programs. It was noted that <br />although both programs refer to a maximum loan amount, neither program refers to <br />a minimum loan amount. Staff was directed to insert a reference to the fact that the <br />minimum loan amount would be $3000.00 for each of the two programs. Chair <br />Carlson had some additional minor changes of a Αhousekeeping≅ nature that she <br />discussed with Mr. Dorgan prior to the meeting. <br /> <br />With respect to the proposed Resolution, it was suggested that additional language <br />be inserted to emphasize the fact that there are TWO separate loan subsidy <br />programs, and to explain the rationale or need for two such programs, and to clarify <br />the distinctions between them. That additional explanatory language could also be <br />added to the Α Program Overview for each program. <br />APPROVED