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The partners involved in this proposal generally support (not endorsed by the City Council at this time) the use <br />of the following incentives and funds to assist in creating a mutually beneficial project. It is our goal to sensibly <br />utilize these tools to spur development in our community, county, and region. Respectfully, we are looking to <br />responsibly fill a funding void to ensure project sustainability as well as develop a long term relationship with <br />your business. We have a business subsidy policy in place which will protect all parties involved as well as define <br />the extent of use of incentives. Our desire is not to tap all funds listed as below, but showcase our intent to <br />utilize. <br />City of Ramsey Incentives: <br />• TIF (Willing Partners) Estimated Value: TBD <br />• Tax Abatement (Willing Partners) Estimated Value: TBD <br />• City Revolving Loan Fund (Assets of $275k +) <br />• County Levied HRA Fund (Balance of $700k +) <br />County of Anoka: <br />• Old MIF Funds ($150k) <br />Connexus Energy: <br />• Large Load 5 -Year Discounted Rate; $10s of Thousands of Savings over 5 Years <br />• Rebate on Energy Efficiency Technology Incorporation up to $100,000 <br />Anoka Technical College: <br />• Biomedical Technology /Medical Device Customized Manufacturing Program <br />• Partner of MN DEED's Job Skills Partnership Fund Program <br />On behalf of the Ramsey EDA, City of Ramsey, Connexus, PSD LLC, and Anoka Technical College, <br />Ted LaFrance <br />Economic Development Manager <br />City of Ramsey <br />763 - 433 -9830 <br />tlafrance @ci.ramsey.mn.us <br />