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CASE / 0 <br /> <br />CONS I DER ADOPTION OF A RESOLUTION CREATING A REDEVELOPMENT <br />PRO3ECT AREA FOR THE HIGHWAY 10 INTERCHANGE PROJECT; <br /> CASE OF CITY OF RAMSEY <br /> By: Amy Geisler, AICP, Associate Planner <br /> <br />Background: <br /> <br />rl'l~e City is in the process of acquiring the Anchors Away/Express Lube building on the north <br />side of' l-lighway 10. To facilitate this transaction, the HRA will consider the issuance of lease <br />revenue bonds. To issue the bonds, the Planning Commission needs to consider adoption of a <br />resolution to create a Redevelopment Project Area. <br /> <br />The fifllowing items are enclosed for your information: <br /> <br />a) Redevelopment Plan ['or Highway 10 Interchange Project <br />b) Draft resolution <br /> <br />Observations: <br /> <br />'l'he City Council and HILA have had some preliminary discussions of the Redevelopment Plan <br />and given preliminary approval to the creation of the Redevelopment District. It should be noted <br />that the property is located within the Highway 10 Official Map Area, which is already <br />designated ~'or redevelopment for highway improvement purposes. <br /> <br />Recommendation: <br /> <br />City Staff'recommends adoption of the resolution. <br /> <br />Commission Action: <br /> <br />Motion to adopt Resolution #05-10- determining that the Redevelopment Plan for the <br />Highway t0 Interchange Project is consistent with the City's Comprehensive Plan, and <br />recommending that the City Council approve the Redevelopment Plan. <br /> <br />Review (]hecklist: <br />Finance O f'ficer <br /> <br />PC: 10/06/05 <br /> <br />Copies To: <br />City Attorney <br /> <br />167 <br /> <br /> <br />