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ECONOMIC DEVELOPMENT AUTHORITY <br />CITY OF RAMSEY <br />ANOKA COUNTY <br />STATE OF MINNESOTA <br />The City of Ramsey Economic Development Authority (EDA) conducted a regular meeting on <br />Thursday, October 13, 2022, at the Ramsey Municipal Center, 7550 Sunwood Drive NW, Ramsey, <br />Minnesota. <br />Members Present: <br />Members Absent: <br />Also Present: <br />Chairperson Michael Olson <br />Member Chelsee Howell <br />Member Rachal Johnson <br />Member William MacLennan <br />Member Chris Riley <br />Member Sharma Stewart <br />Member Scott Wiyninger <br />Sean Sullivan, Economic Development Manager <br />4. EDA BUSINESS <br />4.01: Request Recommendation to Complete COR Site Improvements, Infrastructure and <br />Wetland Analysis <br />Economic Development Manager Sullivan presented the staff report. <br />Member Howell asked if task one has already been completed or whether there would be more <br />work needed to complete that in addition to the delineation that was completed. <br />Economic Development Manager Sullivan replied that the delineation work in task one has been <br />completed but more wetland analysis was yet to be done. He explained that in order to complete <br />a delineation, the vegetation has to be growing and therefore that was completed during the <br />appropriate season to ensure there would not be additional delay to complete the report. <br />Member Howell asked how these project costs would be recouped through development. <br />Economic Development Manager Sullivan replied that some of these costs have been identified in <br />the CIP, such as Zeolite Street improvements. He stated that the other costs are able to be funded <br />through TIF or could be schedule through the CIP or street improvement program. He stated that <br />most of the costs, aside from building the waterfront park, are TIF eligible expenses. He explained <br />that those costs could be spent now and reimbursed later if TIF is used. He stated that once the <br />costs are better known, staff would present more specific options for funding. He noted that the <br />study itself could be funded through TIF. <br />Economic Development Authority/ October 13, 2022 <br />Page 1 of 3 <br />