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the TIF District is big and the HRA was over aggressive in its estimate so she does not want to base future decisions on estimates that are over aggressive. Commissioner Riley noted that less than two years ago, this was created and not much time has passed since that occurred. He stated he assumes the best information available was used to make that decision so he is concerned about the best information available today on which to base a better decision. Ms. Kvilvang indicated that Ehlers has started discussion with the Assessors to determine where market values will be in 2014 and what a realistic market is for Ramsey. In addition, more thought will go into it than when the District was originally created. Commissioner Strommen suggested the HRA look at a range, best and worse case scenarios. Chairperson Backous stated one recommendation is to request special legislation. Ms. Kvilvang stated the HRA is fortunate to already have a TIF District with special legislation so the Legislature may be more willing to consider an amendment. She stated staff could meet with its legislators to discuss such a request, noting there are others who will be seeking a similar consideration. Chairperson Backous thanked Ms. Kvilvang and Ehlers and Associates for its work on this matter, noting it will be discussed by the HRA at upcoming meetings. 6. EXECUTIVE DIRECTOR'S REPORT HRA Executive Director Ulrich reported on the success of the recent event hosting the County Transit Investment Board and tour of the Transit Station. 7. COMMISSIONER INPUT None. 8. ADJOURNMENT Motion by Commissioner LeTourneau, seconded by Commissioner Kuzma, to adjourn the special session meeting of the Housing and Redevelopment Authority. Motion carried. The special session meeting of the Housing and Redevelopment Authority adjourned at 7:43 p.m. Respectfully submitted, Housing and Redevelopment Authority / September 17, 2013 Page 5 of 6