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MOUNDS VIEW ECONOMIC DEVELOPMENT COMMISSION <br /> RESOLUTION NO. 98-EDA-96 <br /> • <br /> CITY OF MOUNDS VIEW <br /> COUNTY OF RAMSEY <br /> STATE OF MINNESOTA <br /> RESOLUTION MODIFYING THE BUSINESS IMPROVEMENT PARTNERSHIP LOAN <br /> PROGRAM <br /> WHEREAS, on February 13, 1995 the Economic Development Commission adopted a <br /> Resolution supporting the pursuit of a business loan program ; and <br /> WHEREAS, on May 25, 1995 the Economic Development Commission adopted a Resolution <br /> approving funding for the business loan program for 1995 and 1996; and <br /> WHEREAS, on June 25, 1995 the Economic Development Authority adopted a Resolution <br /> approving the business loan program; and <br /> WHEREAS, the stated purpose of the business loan program was to "[help] Mounds View <br /> businesses thrive and prosper while improving the aesthetics of the commercial, industrial and <br /> retail sectors of the community;" and <br /> WHEREAS, the types of improvements eligible for the loan program included: repairing <br /> storefronts, windows, doors, etc.; upgrading interior design and configuration; painting, cleaning <br /> or staining the interior or exterior of a building; upgrading or replacing an existing business sign; • <br /> new or upgraded landscaping; parking lot redesign or repair; stormwater discharge <br /> improvements; and ADA compliance upgrades; and <br /> WHEREAS, during 1995 and 1996 a total of three loans of$25,000.00 each were approved <br /> pursuant to the business loan program, each of which resulted in significant improvements to the <br /> visual aesthetics and/or operational efficiency of the businesses receiving the loans; and <br /> WHEREAS, each of the three loan recipients has made all of the required loan payments in full <br /> and on time; and <br /> WHEREAS, the continued and or improved availability of low interest loan funds could prompt <br /> some businesses in Mounds View to make improvements that might not otherwise be made, and <br /> that said improvements could improve the appearance of Mounds View's commercial district and <br /> enhance its tax base; and <br /> WHEREAS, the continuation and refinement of the business loan program would demonstrate to <br /> Mounds View's businesses and residents the City's commitment to improving the local business <br /> climate; and <br /> WHEREAS, on June 25, 1998 the Economic Development Commission adopted a Resolution <br /> recommending that the Economic Development Authority modify the Business Improvement <br /> Partnership Loan Program in certain respects; <br /> • <br />