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APPENDIX B
<br />Ramsey Economic Development Dashboard of Funds
<br />FUNDS & ACCOUNTS
<br />EDA fund (end of 2015) 793,0C,C
<br />_.t costs associated ,,,'irt EDA initiatives. Examples
<br />property acquisition, site preparation, demolition, professional services, c:; _r.
<br />Revolving Loan $ 301,000
<br />Fi i i ; i rcrri rg gap between prni eat costs and private debt financing
<br />Typically, low or ever zero interest rate; entices recruitment and exparsicr it Ramsey.
<br />Anoka Country HRA (end of 2015) $ 994,034
<br />purpose redevelopment and economic development dollars
<br />redevelopment targeted (5200-5500K), Future Biz Pant?
<br />Sub •Tetal $ 2,090,034
<br />ASSETS future land proceeds;
<br />Nordvick Property #45, 1.43 Acres (147th/Armstrong)
<br />Purchased or by City for.5800,000, $600,000 from EDA fund. Listed for $10 psf ($622,908)
<br />Building demolition and site clean up, EDA Fund (23,550).
<br />Industrial Park Property #28, .95 Acres (Basalt/Bunker)
<br />Purchased for by City for 511,200 in 2006. 11.9% of proceeds must paibach CuSl County
<br />Currertiy listed by CBRE for 5105,000
<br />Industrial Park Property #37, 4.14Acres (Ramsey/Jasper)
<br />Purchased for by City for SXOi Co iiXXX. Proceeds will go bark to TCF Account 1
<br />Current i listed b', CERE for5450,000
<br />Former Bookstore Property #40, 1.23 Acres, Dolomite/Hwy 10
<br />u for by City for S,k';Y 3' X' Cr? XXXX. Proceeds are open to EDA use l"w/Counrii apprcv,
<br />Currently listed by ORE for$215,000
<br />Former Amoco Station Property #08, 1.01 Acres, Hwy 47/142nd
<br />Purri,osed for by City for 5XXXXK ir, kX X. Proceeds will go barn to kX "Y.% .
<br />Currentiy listed by CBRE for 517E, 000
<br />$ 436,036
<br />61,950
<br />$ 315,000
<br />$ 150,500
<br />$ 123,200
<br />Sub Tcta I $ 1,086,686
<br />ANNUAL EDA BUDGET
<br />Miscellaneous Operating Supply (2017 projected) $ 18,000
<br />Primary Fund for EDA events dr;d miScelidneous costs. Examples
<br />inriude exOO, gci'f tournament, re VDrkiry eveft business of the V'eO costs.
<br />Miscellaneous Professional Services (2017 projected) $ .50,000
<br />Supplement EDA initiatives with professional services.
<br />_...'r,estigotioi .. ED consuitir'g. Financial consuitiirg. site concepts.
<br />Marketing (2017 projected) $ 30,000
<br />Sub Tota I $ 98,000
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