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In 2010, The City's Housing and Redevelopment Authority (HRA) continued its work on Ramsey's <br />downtown development The Cor at Ramsey. The long- standing vision of the project includes a mix of <br />office, retail, housing and civic uses that encourages walkability and is a transit - oriented gathering place <br />for the community. In regards to transit, the city has been making great progress in making the Ramsey <br />Northstar Station a reality. The Rail Station is a key component for the success of the projects in The <br />Cor, thus it has been the city's top priority for transportation improvements. <br />In the summer of 2010, The Draw Park, located on the east side of The COR (Center of Ramsey), <br />formerly known as RTC (Ramsey Town Center), was constructed at a cost of approximately three million <br />dollars. The park includes a 300 seat amphitheater, significant recreational space and a wetland <br />classroom. <br />The Government Finance Officers Association of the United States and Canada (GFOA) awarded a <br />Certificate of Achievement for Excellence in Financial Reporting (CAEFR) to the City for its CAFR for <br />the year ended December 31, 2009. This was the sixteenth consecutive year the City has received this <br />prestigious award. Also, the City had previously received the award from 1981 through 1988, after which <br />the City did not participate in the program for several years. <br />The CAEFR is valid for a period of one year only. We believe our current CAFR continues to meet the <br />CAEFR Program's requirements and we are submitting it to the GFOA to determine its eligibility for <br />another certificate. <br />The 2010 CAFR of the City meets the highest professional standards and was prepared in a timely and <br />cost - effective manner. This could never have been accomplished without the excellent work of the entire <br />Finance Department. We would like to express our appreciation to the Finance Department and all <br />members of the City's staff who contributed to its preparation. <br />Respectfully submitted, <br />Kurt Ulrich <br />City Administrator <br />CERTIFICATE OF ACHIEVEMENT <br />ACKNOWLEDGMENT <br />Diana Lund <br />Finance Director <br />