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6. Long-Term Benefits. This unique program provides the City an opportunity to complete a number <br /> of initiatives needed as we delve into our Comprehensive Plan Update and assess our current <br /> vision for The COR. As the Community Partner, we also see this as a fantastic opportunity to <br /> promote Ramsey and its many offerings, both for commercial and residential sectors. The results <br /> of many of our proposed projects will help inform and guide our policy makers, advisory boards, <br /> staff and stakeholders through our long-term planning and visioning exercises. We anticipate that <br /> the deliverables will either be incorporated into our planning documents and/or implemented as <br /> new or augmented programming. Finally, Ramsey has had tremendous success over the years <br /> with grooming interns for full-time employment with the City and some of those are now part of <br /> our Management Team. While we have a sincere interest in the deliverables from the proposed <br /> projects, we are certainly cognizant of the potential that some students may demonstrate for <br /> possible future employment with the City. <br /> 7. Demonstration of Support. On September 13, 2016, the Ramsey City Council authorized staff to <br /> prepare and submit this Letter of Intent. While not in the form of a formal resolution, the DRAFT <br /> minutes from that discussion are attached. Also attached is a letter of support from our <br /> Community Development Director, who would also serve as the program coordinator is Ramsey <br /> is selected as the Community Partner. <br /> 8. Acknowledgment of Local Financial Contribution. The Ramsey City Council discussed the RCP <br /> program at their September 13, 2016 meeting. The required local financial contribution was a <br /> component of that discussion. While much of their discussion focused on the innovation this <br /> program opportunity presents, the cost was also discussed. Ultimately, the City Council <br /> authorized staff to prepare and submit this Letter of Intent acknowledging that, if selected as the <br /> Community Partner,the City would be responsible for a local financial contribution of an amount <br />