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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 /> I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />stated that the $7500 could be borrowed from the City's general fund and when <br />tax increment dollars start coming into Ramsey, the general fund can be p~id <br />back. The $7500 figure wguld oover preparation of Ramsey's tax increment plan <br />and required resolution. <br /> <br />Ms. Norris reviewed Attachment I to these minutes with Oouncil. <br /> <br />Mayor Heitman requested reasons why Mr. Schnelle is recommending the Council <br />Declaration method rather than Housing Redevelo~nt Authority method. <br /> <br />Mr. Schnelle stated that Housing Redevelo~t Authority would be acceptable <br />if Council served as the board members. <br /> <br />Mr. Lyle McLaughlin was present and stated that Anoka's Housing Redeveloi~ent <br />Authority board is appointed; that board spends time and money on studies <br />which sometimes result in being voted down by Council- Mr MaLaughlin <br />reoomm~ that Ramsey proceed with a Housing Redevelol~ent Authority with <br />Council as the board members as it's powers are a lot broader and a lot of <br />bureaucratic operation that ends up wasting money is avoided by having Council <br />as the board m~rs. <br /> <br />Motion by Councilmember COx and seconded by Councilmmber Sorteberg that the <br />Ramsey City Council hereby is establishing a Council declared Tax Increment <br />Program and that Ms. Arlin Waelti of O'0onnor and }{annan be engaged, at a cost <br />not to exceed $7500, to w~rk with Ramsey's City Staff in preparing that Tax <br />Increment Plan. Further, that if another method of establishing a Tax <br />Increment Program should prove to be more beneficial. Council may amend this <br />action taken. <br /> <br />Further Discussion: Mayor Heitman stated that Ramsey is pushing off into a <br />whole new ball game and not procccding cautiously could be very harmful- <br />Councilmember Cox stated that it is important for Council to act prudently as <br />they proceed and that is the reason for engaging a legal firm; Council should <br />act conservatively from this point on to insure a benefit rather than a cost <br />to the pop. unity. Mayor Heitman stated that there are n~m~erous areas in <br />Ramsey that could benefit from tax increment financing other than those listed <br />on Attac~nent I of these minutes and Council should look ahead to that. <br />Councilmember Sorteberg stated that he feels tax increment financing is a good <br />idea and Council should proceed to follow it through. Oouncilm~mber Reimann <br />stated that he was very impressed with Ms- Waelti's presentation on April 30 <br />and he is convinced that tax increment financing is a good tool is used <br />properly. Councilmember Schlueter stated she appreciated MS. Waelti's <br />expertise on the subject of tax increment financing and she feels it will be <br />something very positive for the City. <br /> <br />Motion carried. Voting Yes: Mayor Heitman, Counci~rs Sorteberg, (]ox, <br />Reimann and Schlueter. Voting No: None. <br /> <br />Mayor Heitman stated that right now Ramsey has nothing in place for tax <br />increment financing; it is on an 'as it oomes' basis as opposed to directing <br />tax increment financing towards where the City wants develolm~nt to occur. <br /> <br />Mr. McLaughlin stated that negotiations are in the final stages for a <br /> May 7, 1985 <br /> <br />Page 3 of 4 <br /> <br /> <br />