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<br />The regular meeting of the Economic Development Authority adjourned at 8:30 a.m. <br /> <br />Member Strommen left at 8:30 p.m. Due to the lack of a quorum at this point in the meeting, an <br />informal discussion was held as follows: <br /> <br />Case #4: <br /> <br />Staff Update <br /> <br />Economic Development Coordinator Sullivan provided an update on new business prospects and <br />current community revitalization projects. <br /> <br />Chairperson Riley referenced the 14230 Basalt St. NW project, and stated it is important that <br />another dock not be built in this location as the EDA has worked hard to clean this area up. <br /> <br />City Administrator Ulrich commented the new date for the Ramsey Town Center foreclosure is <br />January 18,2007. <br /> <br />Chairperson Riley questioned the purpose for the Anoka County United group and asked if it is <br />just another group that would not accomplish what it was established to do. <br /> <br />Economic Development Coordinator Sullivan replied that the Anoka County United group <br />would make sure the needs of all cities are addressed as it is not financially supported by the <br />County; therefore, it has the ability to accomplish other items. <br /> <br />Mayor Gamec stated he would like to see each community represented on the Anoka County <br />United board, especially a Ramsey representative. <br /> <br />City Administrator Ulrich reported he would meet with the Anoka City Council on December <br />13,2007 concerning the Highway 10 corridor and street projects. <br /> <br />City Administrator Ulrich reported banks are courting businesses for the Ramsey Town Center. <br />He commented the bank would get back to the City once a developer is in place to move the <br />project forward. <br /> <br />Chairperson Riley referenced the "cost of doing business" discussion and stated he would like <br />the most current information from Mr. Sullivan on the new tax rates to move forward. He would <br />like to show Mr. Denny Sharp what staff found. <br /> <br />Economic Development Coordinator Sullivan commented on the assessed value of property in <br />Ramsey, especially new buildings. He stated these values seem high in Ramsey, which is good <br />for the tax base but not for businesses. He stated there is a significant discrepancy between <br />Anoka and Ramsey on the assessment of similar properties but in fairness the properties in <br />Ramsey are significantly newer. He commented assessed value would be hard to evaluate in the <br />"cost of doing business" because of this discrepancy. <br /> <br />Vice Chairperson Steffen questioned why the County Road 116 and Ramsey Boulevard mini <br />storage project had not been on the EDA agenda. <br /> <br />Economic Development Authority / December 13, 2007 <br />Page 5 of6 <br />