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<br />. Mr. ll?~l stated that these are areas that have to be addressed on an <br />indivldual basis. <br /> <br />Mayor Heitman iIXluired if it would be the recommendation of this Commission to <br />proceed wi th aiq:ort developnent should there be less than maximl.lll state and <br />Federal funding p:lrticip:ltion. <br /> <br />Mr. Sieber stated he would not recommend to proceed wi thout maximum <br />p:lrticip:ltion. <br /> <br />Mr. lppel noted that if participations ends up being 85% rather than 90%, for <br />instance, it might still be worth pursuing. State and local funding only, <br />without Federal participation, would almost surely prohibit the project. <br /> <br />Mayor Heitman stated that the Master Plan says that the oommunity's investment <br />would be $399,000 in a $3.99 million facili~ assuming full levels of AlP <br />funds; is there any reason to assume FAA participation would not be to the <br />full levels; once there has been a commitment, can commitments change? <br /> <br />Mr. lp~l stated that he believes the commi tment would be locked im there <br />might be a limit to Federal participation in oosts not resulting fran Federal <br />requi ranents. <br /> <br />. <br /> <br />Mayor Heitman stated that the Plan says that in the event that AlP funds are <br />limited or FAA determines not to participate on an item, the oosts would be <br />shared 2/3 State and 1/3 local; that amounts to 1-1/2 million local. <br /> <br />Mr. Seibert replied that if Ramsey did acx;Iuire that area outside of Federal <br />participation eligibility, which is not the plan, then it would be a ~/3 - 1/3 <br />cost sharing between State and local. <br /> <br />Mayor Hei tman stated that the Master Plan indicates use of accumulated funds as <br />the best method for financing small and medium size projects and implies that <br />Gateway is other than a snall or medium project. <br /> <br />Mr. lp~l stated that he thinks this statement is referring to improvanents at <br />a facility rather than the developnent of a facility. <br /> <br />Mr. Sieber stated that a $4 million project is large for a Ci ty with an <br />assessed valuation of $40 million. <br /> <br />Mayor Heitman stated that the Plan says that an advantage to Aiq:ort Revenue <br />Bonds is that they can be sold without subnitting than to taxpayer approval. <br />Mayor Heitman stated that very often he receives material fran the League of <br />Minnesota Ci ties and financial consultants which implies that anything the <br />public has an opfX>rtunity to have a voice in beoornes an irritant and it is <br />always listed as an advantage when the Public is excluded from participation. <br />Mayor Hei tman stated that these are statanents of fact but he doesn't oonsider <br />it an advantage. <br /> <br />Mr. Sieber stated that he feels the only way a project of this size can be <br />funded in Ramsey is with G.O. bonds which require a vote of the taxpayers. <br />. November 20 I 1985 <br /> <br />Page 7 of 9 <br />