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Minutes of the Economic Development Commission <br /> City of Mounds View <br /> Ramsey County, Minnesota <br /> i <br /> Regular Meeting %C:\)\41C3 <br /> March 23, 1995 <br /> City Hall <br /> 2401 Highway 10, Mounds View, MN 55112 <br /> 1. Call to Order: <br /> The meeting was called to order at 6:05 p.m. by Chairperson, Phil Seipp. <br /> 2. Roll Call: <br /> Members present were as follows: Mark Malone, Dan Nelson, Ron Schmidt, Delane Welsch and Phil <br /> Seipp. In addition, EDA Liaison Sue Hankner and Economic Development Coordinator Cathy Bennett <br /> were present. Members Peg Mountin and Rosemary Goff were absent. <br /> 3. Approval Of Minutes: <br /> Motion/Second: Welsch/Nelson moved approval of amended Minutes of EDC Meetings, <br /> January 26 and February 23, 1995 <br /> 5 ayes 0 nays <br /> • Motion Carried <br /> 4. Special Business <br /> A. Presentation of Mounds View Housing Study <br /> Jennifer Bergman, City of Mounds View Housing Intern, gave a brief overview of the findings <br /> and conclusions of the Mounds View housing study for the Commission. In particular,Jennifer <br /> noted the funding mechanisms and the potential use of Tax Increment Financing funds to <br /> begin a housing loan program. The program could essentially be set up similar to the business <br /> loan program whereby the City participates in a portion of the loan at a reduced interest rate <br /> and the bank matches the City's portion at conventional rate. Program proposals will be <br /> brought back to the Commission at a later date. <br /> 5. EDC Business: <br /> A. Discuss Procedures for Commission Member Involvement in Business Retention Calls. <br /> Coordinator Bennett outlined the importance of continuing a retention program to meet with <br /> those companies that were unable to participate in the North Metro Business Retention and <br /> Expansion Program. In addition, Coordinator Bennett noted that there are a couple of new <br /> companies and a few at risk companies that may be leaving Mounds View that should be <br /> contacted. <br /> Coordinator Bennett distributed a list of businesses that were not covered under the survey <br /> • process. It was recommended to try and meet with 5 companies per month. Each Commission <br /> Member was asked to designate 2-3 dates in April that would be convenient to meet with the <br /> businesses and Coordinator Bennett would arrange the meetings. <br /> 1 <br />