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City of Ramsey <br />2017 Requested Budget <br />FUND ECONOMIC DEVELOPMENT AUTHORITY <br />DEPARTMENT: <br />FUNCTION: <br />N/A <br />N/A <br />PERSONNEL COMPLEMENT <br />Economic Development Commission Members <br />7.00 <br />7.00 <br />7.00 <br />7.00 <br />7.00 <br />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 I $ 46,637 $ 47,500 $ 48,900 <br />