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Executive Director Nelson reviewed the staff report. <br /> Finance Director Lund further explained how the TIF monies could be utilized. If they are left in <br /> the TIF fund, use of the funds is very restricted. The recommendation is to transfer the balance <br /> to the HRA. <br /> City Administrator Ulrich suggested allocating to make this a balanced budget without lowering <br /> the reserve balance. The balance could be moved to a nonrestricted fund. <br /> Consensus was reached to allocate the money to balance the budget and move the remainder to <br /> the HRA fund. <br /> Case #3 2: Consider Land Sale Proceeds Policy for THE COR at Ramsey <br /> Executive Director Nelson reviewed the staff report. <br /> Consensus was reached to allocate the land sale proceeds as noted in the staff report. <br /> Case #4 3: Consider Sporting Retail Concept on Sunwood Drive <br /> Development Manager Lazan reviewed the staff report. He noted a couple of sketches have been <br /> prepared for the sporting retail concept. There is a City well, which would need to be protected, <br /> and there is a storm water line on the east side of the parcel and a 50 -foot wellhead zone. Mr. <br /> Lazan indicated this project fits nicely in this parcel and the group proposing to develop has the <br /> financial backing to complete the project. The main purpose of the building would be firearms <br /> and they would offer archery. Mr. Lazan stated they would offer an exclusive law enforcement <br /> rate to the City and County entities. <br /> Commissioner Ramsey said he has attended a few of the meetings where this has been discussed. <br /> He noted this may be the company's primary location. <br /> Commissioner Strommen commented it is an intriguing idea, though it seems somewhat out of <br /> place to construct between senior living and the grocery store. She said she would be in favor of <br /> it anywhere else in Ramsey. <br /> Commissioner Tossey agreed. <br /> Development Manager Lazan answered they want to be visible and they know this community is <br /> a great demographic for them. <br /> Chairperson Elvig asked if it was soundproofed. <br /> Development Manager Lazan replied they have not researched the decibel rating. However, <br /> there is a restaurant next to the Rochester store. <br /> Consensus was reached to move forward in considering this project. <br /> Housing and Redevelopment Authority / August 30, 2011 <br /> Page4of6 <br />