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• <br />• <br />Council member Connolly introduced the following resolution and moved for its adoption: <br />RESOLUTION #00 -06 -162 <br />RESOLUTION AUTHORIZING ACQUISITION OF PROPERTY FOR INDUSTRIAL PARK <br />DEVELOPMENT PURPOSES <br />WHEREAS, the City of Ramsey (the "City ") has previously developed land within the City <br />for industrial development purposes known as industrial parks; and <br />WHEREAS, the City has previously directed staff to negotiate for the acquisition of an <br />approximate 55.8 -acre tract of land within the City known as the Makens Property; and <br />WHEREAS, the direct negotiation and purchase of the Makens Property has to date not been <br />successful; and <br />WHEREAS, the City desires to acquire additional land for industrial park purposes; and <br />WHEREAS, industrial park development encourages economic development by creating jobs <br />in the City and increases property values; and <br />WHEREAS, the City's current industrial parks are nearly fully developed with few remaining <br />sites available for development; and <br />WHEREAS, the City has an interest in developing industrial parks in order to attract industrial <br />• development by offering managed site control; and <br />WHEREAS, site control allows the City to focus on quality development and manage growth <br />development both of which are in the public interest and contribute to attracting industrial development <br />to the City; and <br />WHEREAS, industrial park development allows for diversification of property tax dollars <br />which reduces the property tax demand on residential properties; and <br />WHEREAS, it is more difficult for the private sector to develop an industrial park than it is the <br />public sector because of the large holding costs related to this type of development; and <br />WHEREAS, the City continues to receive numerous inquiries about the availability of quality <br />industrial sites within the City; and <br />WHEREAS, the real property described below (the "Subject Property") can feasibly be <br />connected to municipal utilities and has good development characteristics for development as an <br />industrial park; and <br />WHEREAS, pursuant to Minn. Stat. §469.124, et. seq. (the "Development District Act ") the <br />City has established Development District No. 1 (the "Development District ") by resolution duly <br />adopted, and subsequent resolutions, the City adopted the Development Program and approved <br />creation of the Development District in order to carry out the Development Program; and <br />RESOLUTION # 00 -06 -162 <br />Page 1 of 4 <br />