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WHEREAS, the interchange improvements will provide for the expansion of the <br />business /industrial park south of Highway 10, west of Armstrong to create additional jobs and <br />tax base in North Metro; and <br />WHEREAS, the interchange improvements will create a valuable trails and open space <br />connection, by providing a trail link connecting two regional parks: Rum River Central Park to the <br />North and the Mississippi West Park within the Mississippi National River Recreation Area; and <br />WHEREAS, the Armstrong Interchange improvements are important to commercial <br />development in The COR and is expected to generate $3.5 million annually in local tax revenue, and add <br />3,900 jobs at full build -out. Also, over the next six years more than 600 new residential units will be <br />constructed with rail service being a significant attraction; and <br />WHEREAS, the Armstrong Interchange improvements station will stimulate Ramsey's local <br />economy and impact the entire region by creating construction jobs and access to land for additional <br />economic development; and <br />WHEREAS, if such State funding is secured, the City of Ramsey will secure or provide other <br />funding to ensure completion of the project; and <br />WHEREAS, in 2010 the City of Ramsey was successful in their efforts to create a tax increment <br />finance district to support transportation related improvements in and around The COR development. <br />These funds could be used to finance the local share of the rail station construction. <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RAMSEY, <br />ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br />1) That the City of Ramsey hereby supports a 2012 State bonding request for the Armstrong <br />Interchange improvements in the amount of $10,000,000. <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember Tossey, <br />and upon vote being taken thereon, the following voted in favor thereof: <br />Mayor Ramsey <br />Councilmember Wise <br />Councilmember Tossey <br />Councilmember Backous <br />Councilmember Elvig <br />Councilmember McGlone <br />and the following voted against the same: <br />None <br />and the following abstained <br />None <br />