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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 /> 1. CALL TO ORDER: <br /> The meeting was called to order at 7:35 a.m. by Chairperson, Cindy Carlson. <br /> 2. ROLL CALL: <br /> Members present: Cindy Carlson, Ron Schmidt, Tom Field, and Brian Sjoberg. <br /> Members absent: Dan Nelson, Rosemary Goff, EDA Liaison Roger Stigney. <br /> Staff present: Housing Inspector Steve Dorgan and Economic Development <br /> Coordinator Kevin Carroll. <br /> 3. APPROVAL OF MINUTES: <br /> Motion/Second: Sjoberg/Field to approve the minutes from May 28, 1998. <br /> 410 <br /> Motion Carried 4 Ayes 0 Nays <br /> 4. SPECIAL BUSINESS <br /> None. <br /> 5. EDC BUSINESS <br /> A. Discussion of Home Improvement Loan Subsidy Program. <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 a <br /> 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 "housekeeping" nature that she <br /> discussed with Mr. Dorgan prior to the meeting. <br /> With respect to the proposed Resolution, it was suggested that additional language be <br /> inserted to emphasize the fact that there are TWO,separate loan subsidy programs, and <br /> to explain the rationale or need for two such programs, and to clarify the distinctions <br /> between them. That additional explanatory language could also be added to the <br /> "Program Overview" for each program. • <br /> NADATA\GRO UPSTCONDEVIEDA-EDC\EMEDCMM98\EDCMM06.98 <br />