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Councilmember Backous said the Council discussed this report during its Work Session and <br />complimented the firm on a very thorough audit. <br />City Administrator Ulrich commended staff for their work during the audit, especially Finance <br />Officer Diana Lund and staffmember Denelle McAlpine. <br />Finance Officer Lund stated Ms. McAlpine took a major portion of audit and CAFR this year, <br />adding they will be receiving certification of financial reporting for the 17th year in a row. <br />Mayor Ramsey asked staff to read a statement in response to a recent literature piece being <br />distributed regarding The COR. <br />Deputy City Administrator Nelson read a statement regarding The COR, the development team, <br />and The Residences at the COR. She said the statement is an effort to clarify the HRA's role and <br />outline facts, including history and price, with regard to Landform Developmental Services. <br />Eric Hauge, 6521 - 154th Lane NW, expressed his concerns regarding a lack of shops or <br />restaurants in Ramsey and the proposed Flaherty and Collins financing package. He said the <br />HRA didn't bond because they spent down reserves, adding the purchase price was too much. <br />Mr. Hauge expressed concerns about Cronk and McGreavy's fiduciary duty and disclosure of <br />subordinates of Landform, including Senator Jungbauer. <br />Margaret Connelly, 16235 Camelot Street NW, expressed her concerns as well. She asked if the <br />City plans on adding to the parking ramp. <br />Mayor Ramsey stated that topic has been scheduled for the next meeting agenda. <br />Ms. Connelly expressed concern about first rights and suggested waiting for the economy to <br />return. <br />Mayor Ramsey said the City is trying to finish development of The COR so a developer is <br />interested in purchasing it. <br />Ms. Connelly stated she is concerned about the amount of money being invested and asked for <br />more information on the proposals. She asked that Work Sessions be televised and encouraged <br />the Council to get input from residents. <br />Mayor Ramsey encouraged her to attend his regular Town Hall meetings on the third Thursday <br />of each month. He said the City has been working very hard on The COR and keeping residents <br />involved. Mayor Ramsey said the majority of citizens are satisfied with the progress but <br />encouraged people to call for more information and not listen to misinformation. <br />Councilmember Backous said the literature circulated included a lot of misinformation that only <br />hurts the City and taxpayers by deteriorating this investment. He encouraged anyone who has <br />proof of any accusations to bring it forward to the County Attorney. Councilmember Backous <br />stated the City works very hard to share information with residents through all available avenues, <br />City Council / June 14, 2011 <br />Page 3 of 11 <br />