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85 E. SEVENTH PLACE SUITE I00 <br />SAINT PALIL, MN 55101-2887 <br />651-223-3000 FAX: 651-223-3002 <br /> <br />October 15, 1999 <br /> <br />OCT 1 8 1999 <br /> <br />SPRINGSTED <br />P~dolic _Finance Advisors <br /> <br />Mr. James E. Norman, City Administrator <br />City of Ramsey <br />15153 Nowthen Blvd. N.W. <br />Ramsey, MN 55303-6197 <br /> <br />Dear dim: <br /> <br />Last month, you asked Springsted to propose alternative scenarios to the Fiscal Impact Study <br />that we recently prepared for the City...This Study provided long range revenue projections <br />based on development assumptions supplied by City staff. The Study indicated that the <br />projected impact of growth would cost a Ramsey resident, on average, $7.69 per year <br /> <br />The City Council has expressed an interest in looking at some scenarios that would "close the' <br />gap" such that additional growth experienced by the City would not have an added cost to City <br />residents. Based on discussions with the analyst who prepared the Study and further <br />discussions with you, I think it would be helpful for us to identify different scenarios in <br />consultation with the City's planning consultant. These scenarios would be presented to the <br />City Council, and the Council could decide which of these scenarios it would like Springsted to <br />run as well as to identify any other scenarios the City would like us to run. <br /> <br />As you will recall, our original work plan contained a cost of $2,500 to run each additional. <br />scenario on the model created for the City's Fiscal Impact Study. If you would like Springsted <br />to proceed with the development of alternative scenarios as outlined in this letter, please let <br />me know. <br /> <br />Sincerely, <br /> <br /> · Klumpp, Vice President <br />Client Representative <br /> <br />mlp: Ramsey7.doc .... <br />cc.: Susan Mershon, Springsted <br /> <br />SAINT PAUL, MN · MINNEAPOLIS, MN.. BROOKFIELD, WI · APPLETON, WI · OVERLAND PARK, KS · WASHINGTON, DC · DES MOINES, IA <br /> <br /> <br />