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Mr. Sorteberg then commented that Mr. Renner's letter of July 6, 1982, <br />brought up some very interesting points regarding solid waste landfills. <br /> <br />Mr. Reimann commented that years ago, every city had their own landfill, <br />but now those cities are developed and have no room for expansion and Ramsey <br />is going to end up with the dumps and footing the whole bill. <br /> <br />Mr. Menkveld brought up the fact that maybe the buffer zone from the landfill <br />will be labeled unassessable with regards to the sewer trunk line. <br /> <br />Mr. Schnelle agreed that the landfill would eliminate taxable and assessable <br />property. <br /> <br />Mr. Fults sited as an example a 10 acre site in Coon Rapids, which is industrial <br />and is expected to bring in $2,000,000.00 in tax monies over the next 10 years. <br /> <br />Mr. Isaakson stated that whatever ordinance Ramsey proposes, there should be <br />provisions included for utilizing future Federal monies. Mr. Isaakson also <br />brought up the following items for consideration: <br /> <br />1) What type of projects can be financed? <br /> <br />2) In general, what various methods for financing are available? <br /> <br />3) Do the methods or can the methods vary with the different types of projects? <br /> <br />4) What are the advantages and disadvantages of various ways of financing? <br /> <br />5) What experiences have other cities had? <br /> <br />6) What about the length of financing? <br /> <br />7) What are the tax implications of various financing packages? <br /> <br />8) What are the limits in terms of dollars, that the City of Ramsey could <br /> support? <br /> <br />9) Should we or can we set minimum/maximum dollar amounts for private financing? <br /> <br />Mr. Schnelle reviewed Ramsey's Capital Improvement Program Budget for 1982-1986. <br /> <br />Mr. Schnelle requested that the following, submitted by Mr. Dunn and Mr. Lichter <br />prior to the meeting, be included as an official part of the meeting minutes: <br /> <br />Mr. Dunn - <br /> <br />The following items are issues that I feel need to be addressed and discussed <br />in City policies or ordinances relative to financing public utilities as set <br />forth in the August 10, 1982 Ad Hoc Committee agenda, Item a of Case #2: <br /> <br />1) <br /> <br />What are methods of financing other than bonding? Should there be a limit on <br />the amount of money bonded? Both dollar limit and percent of total <br />development price limit, i.e., only bond 40-60% of project and require <br />developer to arrange the remaining financing. <br /> <br />Ad Hoc/Public Improvements <br /> Page 2 <br /> August 16, 1982 <br /> <br /> <br />