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City Administrator Ulrich said the total project cost is $14.2 million, so with the connection to <br />the ramp the City's portion would be $4.7 million. He stated this amount includes the County's <br />contribution to other projects within the District that supports the rail station of $3 million, <br />adding the County can only fund up to 10% of the project, therefore their money will be used in <br />other locations. <br />Mayor Ramsey said the County's Regional Rail Authority wants to contribute $3 million but by <br />State Statute is allowed to only contribute $1.3 million, so they will give us another $1.7 million <br />more for use in other projects, totaling $3 million. <br />Finance Officer Lund stated that one existing TIF District is coming offline in a couple years and <br />if there is a shortfall, we can do short-term borrowing against our existing TIF District to pay <br />back that debt service. <br />Mayor Ramsey noted the funds for this project are not coming from the City's general fund but <br />from TIF District funds. <br />Mayor Ramsey noted the Consent Agenda should be approved prior to approving the Regular <br />Agenda. <br />4. CONSENT AGENDA <br />City Administrator Ulrich stated Items 5.7 and 5.8 were being removed from the Consent <br />Agenda and included as Items 7.6 and 7.7 under Council Business. <br />Motion by Councilmember Wise, seconded by Mayor Ramsey to approve the following items on <br />the Consent Agenda as amended: <br />5.1 Receive Cash & Investments for Period Ending August 31, 2011 <br />5.2 Receive July 2011 Financial Reports — General Fund and Enterprise Funds <br />5.3 Approve the Following Meeting Minutes: <br />1) City Council Work Session — August 9, 2011 <br />2) City Council Regular — August 9, 2011 <br />3) City Council Special — August 15, 2011 <br />5.4 Approval for Exemption for a Gambling License for the Church of St. Katharine Drexel <br />to Hold a Raffle on October 1, 2011 <br />5.5 Approval of Application from the Ramsey Women of Today to Conduct Bingo at <br />Ramsey Happy Days on September 16 & 17, 2011 <br />5.6 Approve Rental License Application <br />Rental License <br />Rivers Bend Apartments, 13929 St. Francis Boulevard NW, Ramsey, MN 55303 <br />5.8 <br />5.9 <br />5.10 <br />Consider Change Order for Improvement Project 10 22 Parking Ramp Expansion <br />Authorize Requests for Proposals for Audit Services <br />Approve Rescheduling November 8 City Council Meeting to November 1, Due to School <br />District Election <br />City Council / September 13, 2011 <br />Page 3 of 12 <br />