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<br />DISCUSS THE CREATION OF A DEVELOPMENT CORPORATION <br />By: Amber G. Miller, Planning Manager <br /> <br />Background: <br /> <br />CASE # 3 <br /> <br />Since July, Staff, the Steering Committee and Council have discussed the possibility of forming <br />a development corporation as a means to progress the development of Town Center. Staff has <br />begun to assemble some. background information on what procedures would need to be done to <br />move that process forward. <br /> <br />At the September 3rd meeting of the Ramsey Town Center Steering Committee, a motion was <br />passed that recommended that the City Council consider forming a development corporation for <br />the administration ofthe development of Ramsey Town Center. <br /> <br />Recommendation: <br /> <br />Staff recommends exploring the option of creating a separate development corporation. Research <br />would be done on the pros and cons of such an entity and the different options available. <br /> <br />Board Action: <br /> <br />Direct staff to research forming a development corporation for the administration of the <br />development of the Ramsey Town Center. <br /> <br />Reviewed by: . . ~ <br /> <br />City Administrator ~ ~ <br />Deputy City AdrniMstrator <br /> <br />lIRA: 09.08.09 <br /> <br />Attachments: <br />None <br /> <br />19 <br />