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Mr. Ip~el stated that these are areas that have to be addressed on an <br />individual ' basis. <br /> <br />Mayor Hei~an inquired if it would be the recommendation of this Commission to <br />proceed with airport development should there be less than maximun State and <br />Federal funding participation. <br /> <br />Mr. Sieber stated he would not recommend to proceed without maximum <br />par tic~pation. <br /> <br />Mr. Ippel ~oted that if participations ends up being 85% rather than 90%, <br />instance, At might still be worth pursuing. State and local funding only, <br />without Federal participation, would almost surely prohibit the project. <br /> <br />for <br /> <br />Mayor Hei~an stated that the Master Plan says that the community's investment <br />would be $399,000 in a $3.99 million facility assuming full levels of AIP <br />funds; is there any reason to asst~ne FAA participation would not be to the <br />full levels; once there has been a co~nitment, can commitments change? <br /> <br />Mr. Ippel stated that he believes the commitment would be locked in; there <br />might be a~limit to Federal participation in costs not resulting from Federal <br />requi r~ments. <br /> <br />Mayor Hei~an stated that the Plan says that in the event that AIP funds are <br />limited or FAA determines not to participate on an item, the costs would be <br />shared 2/3 State and 1/3 local; that ~mounts to 1-1/2 million local. <br /> <br />Mr. Seibert replied that if Ramsey did aoquire that area outside of Federal <br />participation eligibility, which is not the plan, then it would be a 2/3 - 1/3 <br />cost sharing bebNeen State and local. <br /> <br />Mayor Hei~an stated that the Master Plan indicates use of accumulated funds as <br />the best method for financing small and medium size projects and implies that <br />Gateway is other than a small or medium project. <br /> <br />Mr. Ippel stated that he thinks this statement is referring to improvements at <br />a facility rather than the development of a facility. <br /> <br />Mr. Sieber stated that a $4 million project is large for a City with an <br />assessed valuation of $40 million. <br /> <br />Mayor Heit~an stated that the Plan says that an advantage to Airport Revenue <br />Bonds is that they can be sold without sutmitting them to taxpayer approval. <br />Mayor Heit~an stated that very often he receives material from the League of <br />Minnesota Cities and financial consultants which implies that anything the <br />public has an opportunity to have a voice in becomes an irritant and it is <br />always list~=d as an advantage when the public is excluded from participation. <br />Mayor Hei~m~an stated that these are statements of fact but he doesn't consider <br />it an advantage. <br /> <br />Mr. Sieber stated that he feels the only way a project of this size can be <br />funded in Ramsey is with G.O. bonds which require a vote of the taxpayers. <br /> November 20, 1985 <br /> <br />Page 7 of 9 <br /> <br /> <br />