Agenda - Planning Commission - 10/19/1999 - Special Meeting

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PC#1 RAMSEY'S REDEVELOPMENT PLAN FOR FIRE STATION PROJECT By: Community Development Assistant Scan Walther Background: The City Council and City staff are asking the Economic Development Authority oft_he City of Ramsey to issue bonds for the construction of Fire Station #2. The type of bonds to be issued are known as lease revenue bonds, as the EDA acts as a lessor to the City of Ramsey, the lessee. The Economic Development Authority will be listed as the bond issuer, with the bond proceeds to be used for the construction of Fire Station #2. The Authority will act on behalf of the City of Ramsey, and be the sole issuer. This process does not require obtaining a public referendum for the City of Ramsey to construct the fire station. The City will include the annual principal and interest payments as a special levy to be certified to the following year's property taxes. The Economic Development Authority approved a reimbursement resolution at its meeting on October 4, 1999. The purpose of the resolution was to allow the EDA to be reimbursed for any costs that are incurred prior to the bonds being issued. The EDA met again on October 13, 1999 to approve a resolution initiating the process for adoption of a redevelopment plan with the Ramsey City Council, and approving the redevelopment area and plan for the fire station project. Observations: The Planning Commission is being asked to review the Redevelopment Plan for the Fire Station Project to determine the consistency of the Plan with the Comprehensive Plan of the City. The Planning Commission is required to provide written comment, in the form of a resolution, recommending approval/denial of the Plan to the City Council. This plan is directly related to the Fire Station only, and should not be confused with the Redevelopment Study being done with Hoisington Koegler Group, Inc. Commissioners will likely have many questions, so a rather lengthy report was prepared to address the anticipated questions. Some of the materials reference Minnesota Statutes, however, very few of these relate to the Planning Commission's role in this process. Selected excerpts of the statutes are included in the report attachments. The related statutes can be viewed in their entirety by visiting Ramsey City Hall, or on the internet at www. revisor.leg, state.mn.us/stats/469/ Attached for your review please find: a) b) c) d) e) Excerpt of the draft Ramsey Comprehensive Plan regarding Public Facilities Site Location Map Ramsey Redevelopment Plan for Fire Station Project Resolution for your consideration Copy of Minnesota Statute 469.027 (Redevelopment Plan)