Agenda - Council - 05/28/1985 - Laserfiche WebLink

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I I I I I I I I I I I I I I I I I I I PROCEfDINGS OF CITY O0UNCIL CITY OF RAMSEY ANOKA C~3NTY STATE OF MINNESOTA The Ramsey City (buncil o~nducted an informational meeting on Tuesday, April 30, 1985 at the Ramsey Municipal Center, 15153 N(~then Blvd. N.W., Ramsey, Minnesota regarding Tax Increment Financing. Me, rs Present: Mayor Gary Heitman Councilm~mber Jean Schlueter Councilmember Arnie Cox Councilm~ber Gary Reimann ;%lso Present: Ms. ~rlin Waelti of O'Connor and Hannan, Attorneys At Law City Administrator Lloyd Schnelle City Planner Anne Norris City Acoountant Jeanne ~aapala Ken Wagner/Eoon~mic Development Commission Bill Miller/Eoon~ic Develol~nent Commission Bob Muller/EoonGmic Development Commission Glen ~ardin/Econ~ic Development C~ssion Bernie Vevea/Eooncmic Develol~ent Commission Ken Peterson/Planning and Zoning Commission Jack Ippel/Airport C~ssion John Siebert/Airport O0mmission Don Greenberg/Econcmic Develoi~nent and A~rport Commissions Darryl Fults/Eooncmic Develoi~nent C~mmission Terry Hendriksen/Planning and Zoning C~ssion Dennis Donovan/Park & Recreation and A/rport Commissions Ben Deemer/Planning and Zoning C~ssion Audience Present: Mr. Gilbert Menkveld Mr. Lyle McLaughl in Mr. Art Raudio Mr. Rick Foster Mayor Heih~an called the informational meeting to order at 7:10 p.m. Ms. Waelti began her presentation by distributing oopies of Advantages and Disadvantages To The Use Of Tax Incr~enlt Financing. (See Attachment I). MS. Waelti stated that tax incr~ent financing is nothing more than using tax increment value, created by new development, to psy for public improvements to make that develo~nent occur. A city only gets to use that tax increment only April 30, 1985 Page 1 of 5