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3. TIF Each Project. By placing the desired properties in a Tax Increment Financing district, the district could provide a funding source for the land acquisition. The increments generated by newly created developments could then reimburse the district for the cost of the purchase of the property. The City could purchase the land in increments, based on an agreed upon contract for development with a developer. 4. Leases. This option would allow the City to enter into an agreement with the seller of said properties. At the end of a stated period of time, the City would be allowed to purchase the property, and receive title, at an agreed upon rate. Lease payments would be based on the purchase price and an associated interest cost. OPTIONS FOR DEVELOPMENT AND MARKETING After an initial site is located and deemed desirable, the City is faced with three options pertaining to the purchasing, marketing and/or development of this site. These options consists of the following: Option 1: The City could purchase the site, develop the land, and retain ownership of property. This would allow the City to retain site control and be discriminate as to what businesses could operate within the City's industrial park. Option 2: The City could purchase the site, market the site, and sell to developers. For the City to retain site control, a development agreement between the City and developer would need to be stipulated. By retaining purchasing power, the City can control the market, and allow only those industries which best suit the overall picture of the park. Option 3: Private sector could purchase site and develop. This option allows the least flexibility. The City would have no control over site development and what development entered the City. By allowing this option, there is the possibility that new "unattractive" businesses could force or distract other desirable industries from constructing their development within City limits. SUMMARY The City has experienced the success of its first industrial business park. The City must now look to the future of what the industrial market holds and determine where they desire to be in this market. Based on current trends, industrial parks are very popular and economical. There are several businesses currently looking to create or expand in or near Ramsey. To attract these businesses the City needs to have the resources available to 'lure' them in. The Waste Management site and the 149-acre parcel west of the Anoka Electric Cooperative Energy Park are two such resources that would meet these industrial demands. For the future growth and development of the City, it is important that the City confi-ont today's industrial needs and decide how to address them.