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Agenda - Economic Development Authority - 08/04/2016
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Agenda - Economic Development Authority - 08/04/2016
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3/17/2025 2:31:34 PM
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8/30/2016 11:44:28 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
08/04/2016
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APPENDIX B <br /> Ramsey Economic Development Dashboard of Funds <br /> FUNDS&ACCOUNTS <br /> EDA Fund(end of 2015) $ 795,000 <br /> 11th ilized for project casts associated with EDA initiatives. Examples include <br /> property acquisition,site preparation,demolition,professional services,other <br /> Revolving Loan 301,000 <br /> Fi ii financing gap between project casts and private debt financing <br /> Typicalfy,law or even zero interest rate,entices recruitment and expansion in Ramsey_ <br /> Anoka Country HRA(end of 2015) $ 994,034 <br /> All purpose redevelopment and ecomnic development dollars <br /> OA oFC redevelopment targeted($200-$500K),Future Bir Park? <br /> Sub Total $ 2,090,034 <br /> ASSETS (future land proceeds) <br /> Nordvick Property#45,1.43 Acres(147th/Armstrong) $ 436,036 <br /> PWrcr�ased for by City for$800,000,$600,000 from EDA fund_ Listed for$10 psf($622;908) <br /> Building demolition and site clean up EDA Fund f23,550). <br /> Industrial Park Property#28, .95 Acres (Basalt/Bunker) 61,950 <br /> Purchased for by 0 ty for$211,100 in 2006,11 of proceeds must payback COW County <br /> Currentfy listed by CME for$105,000 <br /> Industrial Park Property#37,4.14 Acres(Ramsey/Jasper) $ 315,000 <br /> Purchased for by City for$)00=in XXX- Proceeds will go back to TIF Account#1 <br /> Currently listed by CHRf far$450,000 <br /> Former Bookstore Property#40, 1.23 Acres, Dolomite/Hwy 10 $ 150,500 <br /> Purchased for by Oty for$XXXXX in XM Proceeds are open to EDA use(w/Council approval) <br /> Curreatty listed by CME far$215,000 <br /> Former Amoco Station Property#t08, 1.01 Acres, Hwy 47/142nd $ 123,200 <br /> 1 Purchased for by Qty far$XJ0=in=M Proceeds will go back to XXXXXX: <br /> Currently listed by CBRE for$176,000 <br /> Sub Total $ 1,086,686 <br /> ANNUAL EDA BUDGET <br /> Miscellaneous operating Supply(2017 projected) $ 18,000 <br /> Primary fund far EDA events ana miscef;areous costs. fxamples <br /> �Include expo,golf tournament networking event,business of the years costs_ <br /> Miscellaneous Professional Services(2017 projected) $ 50,000 <br /> Primary fund to suppled tnt fDA initiatives with prU;tssional services. <br /> Examples_site investigation,ED consufUng Financia;consuluM site concepts_ <br /> Marketing(2017 projected) $ 30,000 <br /> Sub Total $ 98,000 <br />
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