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Councilmember introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #00-03- <br /> <br />RESOLUTION AUTHORIZING ACQUISITION OF PROPERTY FOR INDUSTRIAL <br />PARK DEVELOPMENT PURPOSES <br /> <br /> WHEREAS, the City of Ramsey (the "City") has previously developed land within the <br />City for industrial development purposes known as industrial parks; and <br /> <br /> WHEREAS, the City has previously adopted Resolution #99-02-045 which Resolution <br />authorized the acquisition by direct negotiation or eminent domain of an approximate I S0-acre <br />tract of land within the City known as the BMA Site; and <br /> <br /> WHEREAS, the direct negotiation and purchase of the BMA Site has to date not been <br />successful; and <br /> <br /> WHEREAS, certain proposed uses of the BMA Site originally identified in Resolution <br />#99-02-045 are not currently available to the City, therefore requiring amendments to said <br />Resolution #99-02-045 and which amendments are the purpose of this resolution; and <br /> <br />WHEREAS, the City desires to acquire additional land for industrial park purposes; and <br /> <br /> WHEREAS, industrial park development encourages economic development by creating <br />jobs in the City and increases property values; and <br /> <br /> WHEREAS, the City's current industrial parks are nearly fully developed with few <br />remaining sites available for development; and <br /> <br /> WHEREAS, the City has an interest in developing industrial parks in order to attract <br />industrial development by offering managed site control; and <br /> <br /> WHEREAS, site control allows the City to focus on quality development and manage <br />growth development, both of which are competitive advantages in attracting industrial <br />development to the City; and <br /> <br /> WHEREAS, industrial park development allows for diversification of property tax <br />dollars which reduces the property tax demand on residential properties; and <br /> <br /> WHEREAS, it is more difficult for the private sector to develop an industrial park than it <br />is the public sector because of the large holding costs related to this type of development; and <br /> <br /> WHEREAS, the City continues to receive numerous inquiries about the availability of <br />quality industrial sites within the City; and <br /> <br /> I <br /> <br /> I <br /> I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br /> <br />