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I <br /> I <br /> I <br /> I <br />I <br />I <br />I <br />I <br />I <br />i <br />I <br /> <br />O <br /> F <br /> F <br /> I <br /> C <br /> E <br /> <br />O <br /> F <br /> <br />T <br />H <br />E <br /> <br />M <br />A <br />Y <br />0 <br /> R <br /> <br />City of Ramsey <br /> <br />15153 NOWTHEN BOULEVARD N.W., RAMSEYo MINNESOTA 55303 . (612) 427.1410 <br /> <br />November $, 1983 <br /> <br />The Honorable Gerry Sikorski <br />The House of Representatives <br />8535 Central Avenue NE <br />Blaine, MN 55434 <br /> <br />RE: Industrial Development Bonds regarding H.R. 4170 <br /> <br />Dear Representative Sikorski: <br /> <br />The City of Ramsey has received an "Action Alert' memo dated November <br />Z, 1983 from the League of Minnesota Cities which states that the House <br />Ways and Means Committee on October 24, 1983 reported out a tax bill, H.R. <br />4170, which will greatly restrict the use of industrial development bonds. <br />The City of Ramsey is opposed to any changes in the present law that would <br />affect the use of industrial revenue bonds. <br /> <br />The major industrial growth here in our community has been through the <br />use of industrial revenue bonds. If that tool had not been available, we would <br />not have had any of our present commercial/industrial companies expanding <br />their facilities. <br /> <br />The present law that governs the use of industrial revenue bonds is a real <br />lifesaver to the business people and the communities they serve. The present <br />law gives that business person the break he meeds to finance the expansion <br />of his business. When the business person expands his business through the <br />industrial development bond, the community benfits from the new tax base <br />and the new jobs that come about through the expansion. <br /> <br />Please do not change the laws governing the use of industrial development <br />bonds, as this is one of the few laws that seem to help business, local <br />government and labor. This does not happen too often in our government. <br /> <br />Thank you for your cooperation on the above issue. We certainly want to <br />be kept informed on this. I am enclosing 'for your information a copy of the <br />Action Alert memo which informed us of this tax bill. <br /> <br />Sincerely, <br /> <br />CITY OF RAMSEY <br /> <br />Thomas G. Gamec <br />Mayor <br /> <br />TG 6 ~j c <br /> <br /> <br />