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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, January 12, 2023, at the Ramsey Municipal Center, 7550 Sunwood Drive NW, Ramsey, <br />Minnesota. <br />Members Present: <br />Chairperson William MacLennan <br />Member Chelsee Howell <br />Member Chris Riley <br />Member Shanna Stewart <br />Member Scott Wiyninger <br />Members Absent: Member Rachal Johnson <br />Also Present: Sean Sullivan, Economic Development Manager <br />Stephanie Hanson, Community Development Director <br />4. EDA BUSINESS <br />4.01: Consider Business Assistance Application and First Amendment to Purchase <br />Agreement for Ramsey Properties, LLC (A portion of this meeting may be closed to <br />the public) <br />Economic Development Manager Sullivan presented the staff report. <br />Member Wiyninger asked if the City would be responsible for any site improvements. <br />Economic Development Manager Sullivan replied that the site improvements and related costs <br />would be the responsibility of the developer. He provided additional details on the pay -go TIF <br />format for the reimbursement of site improvement and development costs to the developer. <br />Chairperson MacLennan invited the applicant to address the EDA. <br />Emily Allegra, applicant, commented that she believes that the change of site to the larger lot <br />would be wise and would provide the opportunity to operate the hotel in a more efficient manner <br />as recommended by Hilton. She stated that if the City is willing to partner with them and work <br />through this, they are willing to take the risk. <br />Member Wiyninger asked for details on the expansion component. <br />Economic Development Authority/ January 12, 2023 <br />Page 1 of 4 <br />