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<br /> <br />2.Tax Abatement <br /> <br />3.EDA Revolving Loan Fund (RLF) <br /> <br />4.Anoka County HRA Account <br /> <br />5.State Redevelopment Grant and Loan Program <br /> <br />6.Land Write Down (City Owned Parcels) <br /> <br />The City will consider all financial assistance programs listed above only for projects <br />that directly address existing blighted properties; see Appendix A: Primary Area of <br />Concern. <br /> <br />Utilization of financial assistance requires completion and approval of a Business <br />Subsidy Application by the Ramsey EDA and City Council. Consideration will be <br />based on the merits of an individual project and community benefit. <br /> <br /> <br />II.EDA REVOLVING LOAN FUND (RLF) <br />Upon adoption of this Statement of Goals, the Ramsey EDA will review alternatives <br />revitalization of the 167/47 Node. This may include, but is not limited to the <br />following: <br /> <br /> <br />i.- <br />- <br />$10,000 maximum City contribution. <br /> <br />ii.Revitalization Loan Program: low interest loans that are tied to revitalizing <br />properties to a marketable condition. <br /> <br />NOTE: the City has about $275,000 available for these types of programs. <br />This effort would require the creation and adoption of new program <br />polices. <br /> <br /> <br />III.PEDESTRIAN UNDERPASS <br />It has been requested, for the City to consider funding a pedestrian underpass to <br />connect the east and west side of MN trunk Highway 47. A pedestrian underpass <br />would increase public safety, enhance connectivity to and from Elmcrest Park and <br />increase foot traffic to retail businesses. <br />At this point, the City will not pre-commit a specific funding source, or specific <br />dollar amount, to a pedestrian underpass. The City would react to this specific <br />request at the time of future development; and, would base their response on the <br />merits of a projectand the value it will bring to the community. Examples of <br />potential funding solutions below: <br /> <br />i.Cost Share Agreement with developer (most desired) <br /> <br />ii.Redevelopment TIF District proceeds <br /> <br />iii.Grant Programs (various) <br /> <br />iv.Park/Trail Dedication Fees (from 167/47 area, new development) <br /> <br />v.Land Write Down Contribution (city owned parcels) <br /> <br />vi.Anoka County HRA Account <br /> <br />NOTE: When future development occurs, the City will consider methods beyond a <br />pedestrian underpass for increasing safety at the 167/47 intersection. <br /> <br />City of Ramsey 2040 Comprehensive Plan Update <br />Land Use Plan <br />Page 12 of 18 <br /> <br />