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City of Ramsey <br /> 2017 Requested Budget <br /> FUND ECONOMIC DEVELOPMENT AUTHORITY DEPARTMENT: N/A <br /> FUNCTION: N/A <br /> PERSONNEL COMPLEMENT <br /> Economic Development Commission Members 7.00 7.00 7.00 <br /> 7.00 7.00 7.00 <br /> BUDGET HIGHLIGHTS <br /> • Marketing$27,000 Increase allows for the flexibility and improvements to the city's ED strategies-especially around <br /> marketing,advertising and business recruitment. (new industrial,shopping and restaurants). <br /> • $5,000 Misc increase allows inflationery for three events: Draw Event Series sponsorship;Anoka County Broker Event and <br /> Anoka Tech/MN Jobfair <br /> GOALS OF CURRENT YEAR BUDGET: <br /> • Growth of the City's tax base <br /> • Growth in the City's quantity of jobs <br /> • Improved quality of life <br /> • Sale of City owned land <br /> • Review existing events and consider reducing where appropriate(EDA Biz Expo) <br /> • Recruit new industrial and retail businesses <br /> • Establish a new business park <br /> Performance Measurements: <br /> 2015 Actual 2016 Estimate 2017 Projected <br /> Sale of ALL City Owned Land(GROSS Sales) $ 3,580,000 $ 160,000 $ 1,500,000 <br /> Sale of ALL City Owned Land(acres) 32.04 6 15 <br /> Estimated Market Value(all) $ 28,000,000 $ 15,000,000 $ 15,000,000 <br /> Estimated Market Value(Commercial/Industrial) $ 249,153,900 $ 275,000 $ 275,000,000 <br /> Employment(total) 6150 6300 6300 <br /> Unemployment Rates 3.1% <6% <6% <br /> Median Household Income $ 83,100 $ 84,500 $ 86,000 <br /> Estimate Annual Wage $ 46,637 1 $ 47,500 1 $ 48,900 <br />