Resolution - #19-031 - 01/22/2019

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The creation of 200 new jobs and retention of others at this location is a result of the proposed 23M investment in the Ramsey, MInnesota facility. The average wages of the new jobs are estimated to be $23.10 which is a "living wage". The proposed 23M investment into the Ramsey facility will increase productivity and building functionality. This investment will preserve and enhance the taxable market value to the existing facility. 2. Finding that the proposed project, in the opinion of the City Council, would not reasonably expected to occur solely through private investment within the reasonably foreseeable future. Vision Ease, LP approached the City and asked for assistance to help with its investment to its existing facility in the City of Ramsey. Although they did not threaten to leave the community, it was understood that Vision Ease, LP (Hoya) was looking at other locations to make the 23M investment. Had the investment occurred elsewhere, there would have been jobs would have transferred from the Ramsey facility to follow that investment out of the State of Minnesota. Clearly, if the investment was not made in Ramsey, there would not have been the need to add 200 new jobs in Ramsey, Minnesota. 3. Finding that the proposed project conforms to the general plan for the development or redevelopment of the City as a whole. The City of Ramsey has an active Business Expansion and Retention Program. The City partners with its businesses to locate resources that help them grow and keep them within the City and State of Minnesota. The property is properly zoned for the proposed renovation and reconfiguration of the building and the installation of the machinery that the company will purchase if the project moves forward. 4. Finding that the proposed project will afford maximum opportunity, consistent with the sound needs of the City as a whole, for the redevelopment or development of the project by private enterprise. Vision Ease LP, currently employs 260 employees in Minnesota and 216 are employed at the Ramsey, MN location. If the 23M investment is made into the Ramsey facility, it is anticipated to result in the creation of approximately 200 new jobs within 3 years. The newly created jobs with an average wage of $23.10 will provide employment opportunities for Ramsey and Minnesota residents. The facilitation of increasing employment opportunities providing a "living wage" is a goal of the city and this proposed project supports this goal And; 2) Authorization for City Officials to sign the JCF Application and to work with Vision Ease, LP to supply information requested by MN Department of Employment and Economic Development The motion for the adoption of the foregoing resolution was duly seconded by Councilmember Shryock, and upon vote being taken thereon, the following voted in favor thereof: Resolution #19-31 Page 2of 3