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City Administrator Ulrich stated Anoka County HRA had a caveat that it preferred one-time <br />projects and expenditures but there was no clear answer about using Anoka County HRA funds <br />for on -going administrative .costs. <br />Mayor Strommen asked staff to prepare a plan that meets Anoka County's objectives and <br />Ramsey's objectives and budget scenarios addressing both. <br />Councilmember Tossey asked what COR land sales are dedicated to. <br />Finance Director Lund stated there are two outstanding MSA bonds, sewer and water internal <br />loans and then it is to go to pay back the HRA for development matters and help fund parks <br />because park improvements cannot be bonded for through TIF. <br />Councilmember Tossey asked about the status of park funds. <br />Finance Director Lund stated the Park Fund has a balance of about $2.4 million and that number <br />does not include the cost for Elmcrest Park. <br />Councilmember Tossey suggested analyzing HRA land to determine if any of that money can be <br />used for road reconstruction, noting the City is land rich but cash poor. <br />City Administrator Ulrich stated land proceeds have always been something hoped for to fund a <br />lot of things, but the market has not been there and it is an unpredictable funding source. <br />Councilmember Tossey stated the City does not have an Economic Development Manager but <br />the market is changing and people are interested in buying land. In addition, the Highway 10 <br />project may increase interest in The COR property without spending money on consultants. He <br />noted levy limits may be in place for 2015 but he thinks the way to get revenue for roads is <br />through the levy and not through fees. <br />Mayor Strommen supported making this decision this year so that decision is not again delayed. <br />City Administrator Ulrich agreed the interchange project moving forward will result in <br />increasing the value of The COR land. <br />Councilmember Kuzma raised the option of instituting a franchise fee for a year until land sales <br />increase. <br />City Administrator Ulrich stated that is an option and has been used previously when the market <br />homestead credit was cut and there were levy limits. <br />Finance Director Lund stated LGA had also been cut at that time and that franchise fee was <br />instituted for one year but sunset after nine months. She noted that the budget process would be <br />presented at tonight's Council meeting to make the public aware. <br />City Council Work Session / July 23, 2013 <br />Page 5 of 7 <br />