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<br />of industrial projects have been in TIF districts with a number of costs written down. When TIF <br />assistance is factored in Ramsey is likely in the middle or lower range of the 11 cities. He <br />reported Ramsey is near the bottom for monthly operation fees. There is a significant property <br />tax advantage for businesses that locate in Anoka County. Sales tax was not included in the <br />analysis but it would have benefitted Anoka County as well. <br /> <br />The Board discussed the findings of the Cost of Doing Business Analysis. <br /> <br />Economic Development Coordinator Sullivan indicated the analysis will be kept on file for <br />reference. It was suggested that the analysis be communicated to the Council through the Weekly <br />Update with a note that TIF benefits also need to be taken into consideration. The analysis <br />should also be included in the EDA marketing file to be utilized as a tool when looking at <br />prospective new businesses. <br /> <br />Case #4: <br /> <br />Consider Purchase of Advertisement in Anoka Area Chamber Map <br /> <br />Economic Development Coordinator Sullivan reviewed that on June 3rd of this month he and the <br />City Administrator met with Denise Crawford of NovoPrint USA to discuss advertisement <br />options in the Anoka Area Chamber Map. NovoPrint has been contracted by the Chamber to sell <br />advertisement space and to assemble the map for this year. The cost for the 3.75 X 4.175 <br />advertisement is $790.00 and will be in full color. The purchase of the ad also gives the City and <br />potential customers access to LOC8 which is an interactive map and online business locator. <br />Staff is requesting authorization to purchase a Premium Vertical full color ad at the black and <br />white price for $790.00 <br /> <br />Member Steffen expressed concern with the limited results from the map developed by Ramsey <br />two to three years ago. Economic Development Coordinator Sullivan noted the Chamber map is <br />not specific to Ramsey and has a broader audience. <br /> <br />Member LeTourneau stated as a vehicle the map is well received and well distributed, and is a <br />reference piece that is being used. <br /> <br />Motion by Member Skaff, seconded by Member Kiefer, to authorize the Economic Development <br />Coordinator to purchase and design a Premium Vertical full color ad for $790.00. <br /> <br />Motion carried. Voting Yes: Chairperson Riley, Members Skaff, Kiefer, LeTourneau, and <br />Steffen. Voting No: None. Absent: Members Elvig and Strommen. <br /> <br />Case #5: <br /> <br />Staff Update. <br /> <br />The EDA reviewed the Staff Update. <br /> <br />MEMBER INPUT <br /> <br />Economic Development Authority/June 12, 2008 <br />Page 5 of6 <br />