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that assessment date, then that first year of payments they are anticipating will be reduced <br />because it will not have the full value that was anticipated so they would not receive the full <br />payment, it does not affect the City's stake in any of this, it will be a financial hit to the <br />developer. The other implication is if this date goes in the agreement, their risk now is if that <br />date passes without it being 100% complete then they will be in default of the agreement, which <br />would allow the City and EDA to cancel the agreement and rescind the note. They would be at <br />extreme risk of not being able to receive the assistance if they could not meet that date. <br />Member Riley stated through discussion, he understands the reasoning for the June 30, 2017 end <br />date and does minimize the risks. <br />Member Hardin thought there was a typo on the TIF note on the second paragraph regarding the <br />percentage, as they do not match. <br />Motion by Member Hardin, seconded by Member Riley, to recommend to City Council approval <br />of the TIF Agreement between the City of Ramsey and Parkview East LLC; subject to final <br />review and amendments by the City Attorney. <br />Motion carried. Voting Yes: Acting Chairperson Skaff, Members Hardin, Riley, Brunt, and <br />Williams. Voting No: None. Absent: Chairperson Steffen, Member Burandt. <br />4.02: Consider Support of Anoka Area Chamber of Commerce Manufacturer's Coalition <br />Economic Dev. Mgr/Assistant City Administrator Brama presented the staff report. <br />Member Skaff asked if they were already a member of the Anoka Chamber and what kind of <br />fees do they pay for that. <br />Economic Dev. Mgr/Assistant City Administrator Brama stated they were members but was not <br />sure what the fees are. <br />Member Hardin stated he was opposed to this because they have been a trusted partner in this <br />group since its inception or shortly after and they are still trying to assess what the return on their <br />investment is. There was an organizational meeting a few weeks ago and there were a fair <br />number of people there but only one manufacturer was present. His concern with the group is <br />the interest in the manufacturers is actually waning. There is good representation from cities, the <br />County, the Workforce Center and Technical College, but the number of manufacturers actually <br />attending seems to be dwindling. He stated he was certainly in favor of workforce development <br />and manufacturers are clamoring for skilled workers but he did not know how that gets them <br />there and did not know how they would assess their return on the $5,000. They are a member of <br />the Chamber and supporting that already. <br />Member Skaff asked if there are other cities in the County that are making this kind of <br />contribution. <br />Economic Development Authority/October 8, 2015 <br />Page 5 of 8 <br />