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<br />CASE # '8 <br /> <br />DISCUSS THE CREATION OF A DEVELOPMENT CORPORATION <br />By: Amber G. Miller, Planning Manager <br /> <br />Background: <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 of the development of Ramsey Town Center. <br /> <br />At the September 8, 2009 HRA meeting the Commission directed staff to research forming a <br />development corporation for the administration of the Ramsey Town Center Development. <br /> <br />Staff has contacted the League of Minnesota Cities to request information regarding other <br />communities in Minnesota which may have development corporations and how they may be set <br />up. We have not received that research to date. <br /> <br />City Attorney Goodrich has prepared a memo summarizing the process by which we could create <br />the corporate entity and some of the issues which may be involved. <br /> <br />Recommendation: <br />Based on discussion. <br /> <br />Board Action: <br />Based on discussion. <br /> <br />Reviewed by: <br /> <br /> <br />City Administrator <br />Deputy City Admimstrator <br /> <br />HRA: 10.06.09 <br /> <br />Attachments: <br />A. Memo from City Attorney Goodrich <br />