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TIF District 7 <br />This Redevelopment district has not had any additional development in 2009. This district consists of <br />the Ramsey B & B Carpet building on Highway 10. This project was constructed in 2000 and the majority <br />of the building is leased. This district has a de- certification date of 2015, but legislative changes that <br />have reduced TIF revenue streams will lead to the extension of the duration of the district to <br />accommodate for the Revenue Note the City has with Ramsey B & B Carpet. This district will need to be <br />amended to extend the duration of the district prior to 2015. This district will decertify no later than <br />2025. <br />TIF District 8 <br />There was no new development in this Redevelopment district in 2009. The TIF revenue generated will <br />continue to fund costs associated with the acquisition and infrastructure pertaining to this district. This <br />district only has one (1) lot left to develop. This district is funding previous financial obligations, is <br />financially sound and will be decertified no later than 2028. <br />TIF District 9 <br />This Housing district has not had any additional development in 2009. This district was created to help <br />finance the ACCAP housing development along Sunwood Drive. This district is financially sound and will <br />be decertified no later than December, 2029. It could be decertified earlier if all outstanding obligations <br />are met sooner. <br />TIF District 10 <br />This Economic Development district had one new project in 2009. QDP & JBT Alliance started <br />construction on a 20,000 manufacturing building that will be finished in spring of 2010. This project will <br />result in the creation of 11 new jobs within the community. There is one lot remaining for development. <br />This district is funding previous financial obligations, is financially sound and will be decertified no later <br />than 2012. <br />TIF District 11 <br />This Housing district was created in January of 2007. There has been no development activity in this <br />district that was created to support a Crestview Senior Housing Project. This district will be decertified <br />no later than December 2034. <br />TIF District 12 <br />This Housing district was created in January of 2007. There has been no development activity in this <br />district which was created to support an ACCAP housing project. This district will be decertified no later <br />than December 2034. <br />TIF District 13 <br />This Renewal and Renovation district was created in January of 2007. This district was created to <br />remove existing blight and to redevelop the area. The City worked hard to secure a developer for this <br />site (Ramsey Crossings), but an agreement was unable to be reached. Due to the lack of securing a <br />developer, there has not been any significant development activity in this district. This district will be <br />decertified no later than December 2024. <br />CIP <br />Each year the City Council approves a Capital Improvement Program (CIP). This document projects the <br />priority and construction schedule for the completion of public improvements over the next five years. <br />Most of these improvements are funded through dedicated funds that are set aside specifically for the <br />noted project. A few projects will require general tax levy in order to realize completion. It is this <br />City of Ramsey Page 6 2009 Annual Report <br />