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Councilmember Riley introduced the following resolution and moved for its adoption: RESOLUTION #17-10-232 RESOLUTION REQUESTING THE ANOKA COUNTY HOUSING AND REDEVELOPMENT AUTHORITY (ACHRA) ALLOCATE $1,750,000 FOR INFRASTRUCTURE COSTS ASSOCIATED WITH THE CITY OF RAMSEY’S NEW BUSINESS PARK DEVELOPMENT WHEREAS , over 300-acres of green-field land is available for development located northwest of the U.S. Highway 10/Armstrong Boulevard interchange in the City of Ramsey (the “Armstrong-West Developable Area”); and WHEREAS, the City is pursuing the development of a new business park in the Armstrong-West Developable Area totaling 131.52 acres in gross size. A new business park will benefit the City by creating well-paying jobs, increasing tax-base, and increasing local consumer spending; and WHEREAS, Riverstone Development has recently platted a 298-unit single-family residential Development on 84.77 acres of land located in the Armstrong-West Developable Area. A new 298-unit residential development will benefit the City by providing quality new housing stock, a quality designed residential community, development fees, increased tax-base, and an increase in local consumer spending; and WHEREAS, development of the Armstrong-West Developable Area will require various improvements to arterial infrastructure located along Bunker Lake Boulevard and Puma Street. Arterial infrastructure improvements include trunk-water line extensions, trunk-sewer line extensions, a sewer lift station, trail extensions, new roads, street lights, and storm sewer (“Arterial Infrastructure”) totaling an estimated $3.68M; and WHEREAS, annually the ACHRA levies Ramsey residents; and WHEREAS, the ACHRA levy has been used to help fund certain development and redevelopment projects within the City of Ramsey; and WHEREAS, the City of Ramsey is requesting that the ACHRA utilize available tax levy to partially fund Arterial Infrastructure costs related to the City’s new business park. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: 1) That the Ramsey City Council formally authorizes a request for the ACHRA to utilize $1,750,000 levied from Ramsey taxpayers to help fund a portion of Arterial Infrastructure related to the City of Ramsey’s new business park.