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Cost of Projects (City): <br />(1) Bunker/ Puma Arterial Infrastructure Project: $3.68M <br />(2) PSD Business Park, Internal Public Roadway: $250K <br />(3) PSD Business Park, Spec Industrial Building: $234K <br />(4) Adrenaline Sports Center Building: $250K <br />(5) Stone Brook Children's Academy Public Roadway: $240K <br />Funding of Projects (city): <br />(1) Bunker/ Puma Project: Trunk Sewer/Water Fund ($1.1M), TIF #1 ($900K), ACHRA ($1.7M)* <br />(2) PSD Business Park, Internal Public Roadway: Ramsey EDA Fund ($250K) <br />(3) PSD Business Park, Spec Industrial Building: TIF District #16 ($234K) <br />(4) Adrenaline Sports Center Building. Ramsey EDA Fund ($250K) <br />(5) Stone Brook Children's Academy Public Roadway: TIF District #14 ($240K) <br />*roughly $1.2M returned back to the Ramsey EDA over time, from assessments. <br />City Funding Sources (end of 17): <br />TIF #1: $1M <br />TIF #14: $600K <br />TIF #16: $234K (paygo 9 yrs) <br />ACHRA: $1.75M <br />EDA Fund: $725K <br />Recommendation: <br />STAFF: <br />This case is administrative in nature. The city has reviewed multiple cases and has made multiple actions supporting <br />this request. Now, that the overall project is moving forward (Capstone, PSD, etc.), staff would like to make a <br />formal request to the ACHRA. Design for the remaining Bunker/ Puma work will occur over the winter. <br />Construction is anticipated for spring/ summer 2018. Staff would like to complete this step (i.e. make sure our <br />funding is in place) before we award a contract for the road construction. <br />EDA: <br />The EDA reviewed this case on 09/14/2017. The EDA passed a motion 6-0 to recommend the Council approve the <br />attached resolution. The EDA felt this action was consistent with previous EDA/ Council direction on this overall <br />project. <br />Action: <br />Motion to: <br />Adopt Resolution #17-09-232 232 (Resolution number has been changed to #17-10-232) requesting the Anoka <br />County Housing and Redevelopment Authority (ACHRA) allocate $1,750,000 for infrastructure costs associated <br />with the City of Ramsey's new business park development. <br />RES 17 09 232 <br />Biz Park Background <br />Assessment Agreement <br />Attachments <br />Form Review <br />Inbox <br />Reviewed By Date <br />