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MAJOR INITIATIVES The City continued working with the State and County in what is termed the Ramsey Gateway Project. The Ramsey Gateway Project will provide grade separations of US Highway 10/169 and the BNSF Railway. Highway 10 improvements at Sunfish Lake and Ramsey Boulevard are part of the project plan. In 2019, the City of Ramsey worked with Anoka County to design Bunker Lake Boulevard/Highway 47 and Aline Drive/Armstrong Boulevard intersection improvements. 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 2019, significant road reconstruction projects were completed in the developments of Ford Brook Estates, Wood Pond Hills and Chestnut Ridge. Ramsey is home to hundreds of successful and growing businesses. The city welcomed new businesses in 2019, such as Lazy Days RV and M&G Trailer Sales. Total new construction value of both residential and commercial/industrial projects invested in the community in 2019 was over $100 million. The city hired RJM Construction to provide construction management services for a new public works campus. The new campus is proposed to begin construction in the fall of 2020. 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, 2018. This was the twenty-fifth 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 2019 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