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**This effort accomplishes the Ramsey EDA's three major goals: job creation, tax base creation, and <br />improvement to the quality -of -life within our community. <br />**By not completing this project, it would be logical for Life Fitness to consider a new, long-term, location <br />for their manufacturing facility. Additionally, the Health Quest property would likely remain in its current <br />state for the foreseeable future. <br />EDA: <br />The EDA did review this case, and supported Staffs recommendation (the motions included in this case). Please <br />see attached meeting minutes. The EDA did ask Staff a couple questions related to the rationalization of utilizing <br />TIF as a funding source for this project. Please see attached "Why TIF" document for a response. <br />Action: <br />Motion to recommend the City Council: <br />Adopt Resolution #15-09-216 to Modify Development District 1, Establish TIF District 15, and Adopt a Plan for <br />TIF District 15. <br />- -and-- <br />Adopt Resolution #15-09-242 Authorizing Execution of a TIF Agreement; subject to changes by the City Attorney. <br />- -and-- <br />Adopt Resolution #15-09-239 Authorizing the Establishment of an Inter fund Loan for TIF District 15 <br />Attachments <br />RESOLUTION 15 09 216 ADOPTING MODIFICATION OF DEVELOPMENT DISTRICT 1 AND <br />ESTABLISHING TIF DISTRICT 15 AND ADOPTING A TIF PLAN <br />RESOLUTION 15 09 239 AUTHORIZING AN INTERFUND LOAN FOR TIF DISTRICT 15 <br />RESOLUTION 05 09 242 AUTHORIZING EXECUTION OF A TIF AGREEMENT <br />TIF Plan (summary) <br />TIF Plan (full document) <br />TIF Agreement (summary) <br />TIF Agreement (full document) <br />Why TIF <br />July EDA Meeting MEMO <br />September EDA Minutes <br />Inbox Reviewed By <br />Tim Gladhill Tim Gladhill <br />Kurt Ulrich Jo Thieling <br />Patrick Brama Patrick Brama <br />Form Started By: Patrick Brama <br />Final Approval Date: 09/17/2015 <br />Form Review <br />Date <br />09/17/2015 03:13 PM <br />09/17/2015 03:15 PM <br />09/17/2015 03:16 PM <br />Started On: 09/16/2015 05:50 PM <br />