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<br />I <br />I The Staff is also working with Tycom who is relocating into Arden Hills from Hopkins <br /> on obtaining MIF loan of up to $200,000 for Tycom, Tycom is moving into the building <br />f' at 3796 North Dunlap Street. Tycom is a precision machine shop which manufacturers <br /> miniature drill bits which are used by the medical industry (dentists) and the computer <br /> industry (drills the holes into the circuit boards). The local representative ofDTED <br />I brought this request to the City, The Staff would structure this request similar to the CPI <br /> deal in that the City would receive $100,000 plus interest. The good news on this request <br /> is that NSP is providing financial consultant to oversee the loan req uests and this would <br />I hopefully minimize the Staff involved. <br /> Code Enforcement <br />I 1. 1369 Forest Lane. As previously mentioned to the City Council, there was a fire which <br /> substantially damaged the home at 1369 Forest Lane. The Staff continues to work with <br /> the Attorney and the property owner to clean up the property and fix the house, before <br />I complaints start to arrive. <br />I Recvclin!!: <br /> 1. EZ Recycling. The Staff has contacted Chris Reinhardt, President of EZ Recycling, to <br /> discuss his impressions of where the recycling market will be moving in the next two <br />I years as the contract is coming due in December. Mr. Reinhardt informed Staff that he <br /> was comfortable with the current arrangement and would sign a two year extension with <br /> the City at the current rates if the City wished to. <br />Ie The current contract that was negotiated by Staff has saved the City $5,305.45 in the 18 <br /> months that it has been in place (Exhibit A). Also, the contract has allowed the Staff to <br />I effectively budget for this department, since the costs of the contract are known ($4,714 <br /> per month). <br />I Miscellaneous <br /> 1. Marketing Brochure. The Staff continues to work with Kindred Consulting on the <br /> production of the marketing brochure. Given the schedule of Staff, the consultant and <br />I Staff have been attempting to complete a page a week. It is anticipated that the final draft <br /> will be available for review in mid-August. <br />I <br />I <br />I <br />I <br />.. <br />I <br />