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�� �.� . �_ � � _ � � �.r � Memo To: City Council From Neal Beets Date: December 15,2005 Re: EconomicDevelopmentPosition INTRODUCTION l. Councilmember Ihlan asks that you freeze the filling of the Economic Develop- ment Director position and all contractor expenditures for economic development until the Council studies the position further. 2. This memo briefly reviews the important economic development functions that require staff and/or contractor attention. ECONOMIC DEVELOPMENT TASKS - SCOPE OF RESPONSIBILITY 3. Comprehensive Plan update for Section 7- includes research and evaluation of existing economic condition (employment, businesses, available lease space, trends, valuation changes within redevelopment areas and update economic development goals and strategies). 4. Business Link Program -Business Link Newsletter (2 to 4 times per year), busi- ness visits, ema�� contacts and check-in- serve as the key contact to forward questions and concerns to appropriate city staff from the business community. 5. Small Business Loan Program Management - outstanding loans and new loan management. Over the past 5 years, there 8 smallbusiness loans totaling $176,000, which leveraged $2.8 million in private investment and created 32 new jobs in the community and retained numerous others. (Thereis a zero default rate.) 6. Compile and manage listing of new businesses in Roseville using Minnesota Real Estate Journal listing. 7. Grant management - EPA Brownfield funds ($500,000 of unused dollars), un- used Met Council Cornerstone grant funds ($17,SOObalance to use by Spring 240b), re- porting for Ramsey County CDBG for Applewood Ct homes. 8. Grant writing -annual Metropolitan Council contamination, Livable Communi- ties funding for redevelopment projects. (Over the past 5 years, there have been ap- proximately $2.0 million in grants and loans obtained.) 9. Respond to development inquiries - phone calls, meetings, update online prop- erty information, tracking and quarterly review of lease space for commercial and in- dustrial areas.