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stated that they did design their stormwater to meet a 100-year event. He noted that if the pipe <br /> leaving the basin were reduced to 15 inches, they would raise the berm by four inches to ensure <br /> the water would remain within the pond. He noted that reducing the pipe size to match the culvert <br /> size would significantly reduce the rate of water leaving the site, well below the required rate. <br /> Commissioner Walker asked if this project is funded at all. <br /> Mr. Fincher replied that the funding is also in process. He stated that the preliminary bonding <br /> resolution was passed by the City Council and once that approval is finished by the City, it would <br /> go to the underwriting team for sale of the bonds. He stated that everyone is confident that this <br /> would be a successful transaction given the success and enrollment numbers for PACT. He did <br /> not feel that financing would be an issue for PACT. <br /> Commissioner Walker commented that it was his understanding that the City of Ramsey is not <br /> going to be part of the financing. <br /> Mr. Fincher clarified that the bonds used are conduit issuer bonds and therefore are issued through <br /> a municipality to receive tax exempt status. He stated that the City of Ramsey and State of <br /> Minnesota would not be backing the bonds and the bonds would be the sole responsibility of <br /> PACT. He commented that the City of Ramsey would not be providing any dollars and would <br /> actually collect a fee on an annual basis to cover any administrative costs. <br /> Councilmember Woestehoff confirmed that the City would not have any fiscal risk in this. <br /> Commissioner Walker commented that it seems that stormwater, lights, and noise continue to be <br /> concerns. He asked if the City has had any discussions with PACT to complete a joint stadium <br /> effort for any location other than this property. He commented that if the stadium were moved <br /> from this site onto Central Park,the stadium could benefit the school and all of Ramsey. He noted <br /> that it would also provide more space on the school site for parking and traffic circulation and <br /> prevent additional tree loss. <br /> City Administrator Hagen replied that Central Park is utilized quite well with the current amenities. <br /> He was unsure there was capacity in Central Park to use for this type of purpose. He was unsure <br /> there was a park in Ramsey that could accommodate that type of use which would require PACT <br /> to purchase additional land. He noted that would create issues of function with PACT getting to <br /> the other location to use it. <br /> Commissioner Walker stated that he is trying to find a path forward that would address resident <br /> concerns and allow PACT to move forward. He asked PACT to contact parks staff to determine <br /> if there would be potential for that concept. <br /> Councilmember Woestehoff stated that he does not imagine the Council would support that,noting <br /> that he cannot speak for the entire Council. He commented that Central Park is already well used <br /> with established relationships with other organizations such as ARAA. He agreed that perhaps the <br /> residents would be more accepting of the project if there were no stadium or field but did not <br /> imagine that works for the school. <br /> Planning Commission/June 23,2022 <br /> Page 15 of 19 <br />