Laserfiche WebLink
APPENDIX B <br />Ramsey Economic Development Dashboard of Funds <br />FUNDS & ACCOUNTS <br />EDA Fund (end of 201S) <br />Utilized for project costs associated with EDA initiatives_ Examples include <br />property acquisition, site preparation, demolition, professional services; other <br />Revolving Loan <br />fill financing gap between project costs and private debt financing <br />Typically, low or even zero interest rate; entices recruitment and expansion in Ramsey_ <br />Anoka Country HRA (end of 201S) <br />A l7 purpose redevelopment and econorraic .development dollars <br />OPIC redevelopment 200-$500Kj future Biz Park? <br />795,000 <br />301,00,0 <br />994,034 <br />Sub TotaI 2,090,034 <br />ASSETS (future land proceeds) <br />Nordvick Property #t4S,1.43 Acres (147th/Armstrong) <br />Purchased for by City for$800,000 $600,000 from EDA fund_ Listed for$10 psf ($622,908j <br />Bus ; di rig demolition and site dean up EDA fund (23 550)_ <br />Industrial Park Propertyti23, .95 Acres (Basalt/Bunker) <br />Purchased for by city for $211,200 in 2006 11 % of proceeds must payback COBe County <br />Currently listed by CBPE for $105 000 <br />Industrial Park Propertytt37, 4.14 Acres (Ramsey/Jasper) <br />Purchased for by City for $XXXXX in XXXX. Proceeds will go back to Tlf Account #1 <br />Currently listed by CORE for $450, 000 <br />Former Bookstore Property 4140, 1.23 Acres, dolomite/Hwy 10 <br />Purchased for by City for $XXXXX i rr XXXX. Proceeds are open to EOA use (w/Courncil approval) <br />Curren, tly listed by C5I E for $215 000 <br />Former Amoco Station Property KM, 1.01 Acres, Hwy 47/142n d <br />Purchased for by City for $X070X in X700 Proceeds will go back to XXXXXX. <br />Currently listed by CORE for $176,000 <br />ANNUAL EDA BUDGET <br />Miscellaneous Operating Supply (2017 projected) <br />Primary fund for EDA events and miscellaneous costs_ Examples <br />lndude expo, golf tournarraerrt rretwor* ng event, business of the years costs_ <br />Miscellaneous Professional Services (2017 projected) <br />Primary fund to supplement EDA initiatives with professional services. <br />Examples: site in; - EO consulting, financial consultins site concepts. <br />Marketing (2017 projected) <br />436,036 <br />61,950 <br />315,000 <br />150,500 <br />123,200 <br />SubTotal $ 1,086,686 <br />SubTotal <br />18,000 <br />50,000 <br />30,000 <br />9 8, 000 <br />