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City Administrator Hagen said this has not been determined yet. He shared the two logical funding <br /> sources are the park trust funds, which are restricted on how they can be used, or EDA funding. <br /> Councilmember Woestehoff asked if Councilmember Howell's suggested use for the building was <br /> to fix it up but not find a tenant right away. <br /> Councilmember Howell said she is open to whatever use would get this building fixed and utilized. <br /> She asked if they used park funds for this project to get the building into use if they would be able <br /> to replace these funds with EDA funds at some point. <br /> City Attorney Knaak said he would have to look into it to see if this would be allowed. He noted <br /> that private fundraising could be done to fund this project. <br /> Councilmember Olson shared his support for saving this building as he would hate to see the <br /> historic site go to waste and be torn down. He added that this year being the City's 50th anniversary <br /> is as good a time as any to do fundraising and restore the building. <br /> Councilmember Specht asked if the Ramsey Foundation would have any interest in assisting with <br /> this project. He suggested they could look for other private organizations that could partner in this <br /> proj ect. <br /> Acting Mayor Riley said they ask the Ramsey Foundation for a lot so he is not sure if they would <br /> be interested but it could be worth pursuing. He added that the City has spent money on this <br /> building to ensure it is not getting worse and can still be preserved. <br /> Councilmember Musgrove shared her support for trying to renovate the building to try to make it <br /> usable again. She added that this building is historic and adds to the character of the area. She <br /> noted that the previous administrator was passionate about restoring this historical site. She asked <br /> if there were any funding dollars currently available for this. <br /> Economic Development Manager Sullivan said no and explained that there was funding available <br /> a while ago; however, the funds ended up being used for a number of different uses. He shared <br /> that the door for the building needs to be updated. He asked if the Council would like him to go <br /> out and get some quotes for the door at this time. <br /> Councilmember Howell noted that this restoration will cost around 1% of the cost for the previous <br /> discussed project of The Waterfront property. <br /> Councilmember Specht said it would be nice if the new door maintained the character of the rest <br /> of the building. <br /> Councilmember Woestehoff shared that Youth First is looking for a new home so they may be an <br /> interested tenant for this building. <br /> City Council Work Session/April 9, 2024 <br /> Page 7 of 8 <br />