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The city continues to address the maintenance and condition of its local roads using the assessment process that was put in place in 2015. In 2016, a significant road reconstruction project was completed on Andrie Street and 164th Lane. Ramsey is home to hundreds of successful and growing businesses. The city welcomed seven new businesses in 2016 and five current businesses expanded their sites. One of these expansions was a 100,000 square foot expansion by long-time Ramsey business, Anderson Dahlen — one of the largest expansions in Ramsey history. In looking towards the future, the City Council and Economic Development Authority have initiated planning and consideration of a new business park encompassing 131 acres north of Highway 10 and west of Armstrong Boulevard. In March 2016, the city opened the new Fire Station #2 building, a multi -disciplinary facility that improves emergency response to eastern and northern Ramsey. CERTIFICATE OF ACHIEVEMENT The Government Finance Officers Association of the United States and Canada (GFOA) awarded the Certificate of Achievement for Excellence in Financial Reporting (CAEFR) to the City for its CAFR for the year ended December 31, 2015. This was the twenty-second consecutive year the City has received this prestigious award. Also, the City had previously received the award from 1981 through 1988, after which the City did not participate in the program for several years. The CAEFR is valid for a period of one year only. We believe our current CAFR continues to meet the CAEFR Program's requirements and we are submitting it to the GFOA to determine its eligibility for another certificate. ACKNOWLEDGMENT The 2016 CAFR of the City meets the highest professional standards and was prepared in a timely and cost- effective manner. This could never have been accomplished without the excellent work of the entire Finance Department. We would like to express our appreciation to the Finance Department and all members of the City's staff who contributed to its preparation. Respectfully submitted, Kurt Ulrich City Administrator Diana Lund Finance Director 17