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The city continues to address the maintenance and condition ofits local roads using the assessment process <br />that was put in place in 2015. In 2017, a -significant road reconstruction project wrrs completed on Alpine <br />Drive and Sunwocd Drive. <br />Ramsey is home to hundreds of successful and growing businesses. The city welcomed 17 new businesses <br />in 2017 that generated approximately 200,000 square feet cf new commercial and .industrial space. Total <br />new construction value of both residential and commercial/industrial projects invested in the community in <br />2017 was 3 5 million. <br />Year 2017 saw the city's community development departrrrent-implement electronic plan review and project <br />management which will reduce plan review time by 50% and provide sell' -service for customers. The 1T <br />department finished out the year with redesigning the city's website. The new updated site is expected t ► <br />go live in the spring of 2018. <br />CERTIFICATE OF ACHIEVEMENT <br />The Government Finance Officers Association of the United States and Canada (GFOA) awarded the <br />Certificate of Achievement for Excellence in Financial Reporting (CAEFR) to the City for its CAFR for <br />the year ended December 31, 2016. This was the twenty-third consecutive year the City has received this <br />prestigious award. Also, the City had previously received the award from 1981 through 1988, after which <br />the City did not participate in the program for several years. <br />The CAEFR is valid for a period of one year only. W: believe our current CAFR continues to meet the <br />CAEFR Program's requirements and we are submitting it to the GFOA to determine its eligibility for <br />another certificate. <br />ACICVOWLEDGIVIENT <br />The 2017 CAFR of the City meets the highest professional standards and was prepared in a timely and cost- <br />effective manner. This could never have been accomplished without the excellent work of the entire <br />Finance Department. We would like to express our appreciation to the Finance Department -and all <br />members of the City's staff who contributed to its preparation_ <br />Respectfully submitted, <br />Kurt Ulrich <br />City Administrator <br />Diana Lund <br />Finance Director <br />17 <br />