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Regular City Council Meeting Monday,November 25, 2013 Page 15 At the request of Mayor Roe, Mr. Schwartz confirmed that the program could provide 20-year cost projections to predict capital improvements; opining that the more data available, the more you had to work with in managing assets. Mayor Roe noted that this was what had originally sold him on the software, the amount of information and capabilities available for capital improvement plan- ning. Mayor Roe thanked Ms. Ricard and Mr. Schwartz for the presentation. 11. Public Hearings a. Northern Brewer LLC Minnesota Investment Fund Loan Interim City Manager Patrick Trudgeon briefly reviewed this request, as detailed in the RCA dated November 25, 2013; with Northern Brewer, LLC seeking a $247,000 low interest loan from the Department of Employment and Economic Development's (DEED) Minnesota Investment Fund State Loan Program to pur- chase additional equipment. Mr. Trudgeon expressed appreciation of the review of the company's financials and credit reports performed by GREATER MSP on behalf of the City of Roseville; noting that the nominal 1% interest rate was for the purpose of covering administrative costs. Mr. Trudgeon noted that representa- tives of Northern Brewer were unavailable to attend tonight's meeting; and ad- vised that some of the remaining details remained to be worked out (e.g. infor- mation needed by DEED, and completion by GREATER MSP of their due dili- gence). Councilmember McGehee expressed her appreciation for supporting a firm that was providing a living wage. Councilmember Etten spoke in support of this step in reaching out to the business community; opining that the best way to grow jobs was within existing business- es. Mayor Roe opened the Public Hearing at approximately 7:28 p.m. for the purpose of considering request of Northern Brewer LLC for a loan from DEED. Public Comment Stacy Bordner, 1989 N Lexington Avenue Ms. Bordner spoke in support of the City of Roseville supporting locally-based businesses to make the community better and helping community-based business- es. Mayor Roe closed the Public Hearing at approximately 7:30 p.m.