Agenda - Council - 02/25/1986 - Laserfiche WebLink

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I I I I I I i I I I I I i I i I I I realtor within the City of Coon Rapids. Prior to 9erring into the real estate field she was ~nployedby a large corporation in their planning and developing department. Ms. Sundahl stated that she is ooncerned with bringing about more interest in Ramsey. Ms. Sundahl referred to that area along Hwy. ~10, noting that there is nothing invitin9 about it and the need to change the impression left by that first initial blush of Ramsey. Ms. Sundahl stated that Ramsey needs more businesses and has a lot to offer, but care has to be taken in what kinds of businesses come in so as to attract the next business. Ms. Sundahl stated that she does not feel businesses should be plugged into Ramsey for the sole purpose of creating a larger tax base; that she would prefer to see long range planning used to solve the tax base issue. Jack Ippel - Mr. Ippel stated he has lived in Ramsey since 1974 and has always been interested in the City's eoormmic develol~nent. Mr. Ippel stated that he owns and manages his ~ employment counselling oompmmy and through that experience he is in tune with many different types of oompenies and their needs. Mr. Ippel stated that he would like to see more activity towards recruiting and selling the benefits of Ramsey to companies. Mr. Ippel noted that the not so great entries into Ramsey on l~. 's #47 and ~10 could be improved with some planned selling and recruitment. Mr. Ippel stated that based on the facts that Ramsey's Industrial Park is not served by municipal utilities but is located on the northwest corner for development to occur between here and St. Cloud, small to mediu~ size businesses should be attracted to the area to act as an incubator to future develotment. Mr. Ippel stated that he feels the knowledge he would gain serving on both the Airport and Econ(~ic Development Commissions will be complimentary to both and will not create a conflict of interest. MS. Norris stated that due to changes in Federal legislation, for t~e time being, tax incr~ent financing is no longer a financing option. Mr. Hartley stated that at this m(~ent, Federal legislation will only permit the sale of tax ex~npt bonds being funded by tax increment revenues if the project is 100% public purpose. ~he pressures placed by the State are a series of guidelines that have not been put in place as of yet, which leaves Ramsey in a state of limbo. Another pressure from the State is the lobbying that is now in place to eliminate tax increment financing altogether in Minnesota. Refer to page 3 of these minutes for further discussion. ~ Ilnflat~ On R~ost ~b E~tend l~hliG, Impro¥.m~nts, To Industrial Mr. ~artley stated that Federal legislation that limits tax increment financing may be emended. If it is, there may be a short period of time beb~een that action and when our State legislature takes action. If Congress does take action to move back some of the effective dates of the new law, 1~ may be looking at borrowing some funds to provide sewer, water and storm sewer to the Industrial area because it will be the only way Ramsey can borrow those kinds of amounts and be able to recover the increments. If this doesn't happen, Staff has s~me contingency plans in mind and there are other financing February 12, 1986 Page 2 of 5 ':