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<br />. <br /> <br />. <br /> <br />. <br /> <br />change as aI\Ything that is considered a revenue producing center does n~t -t\ ~ ~ ~ <br />qualify for AIP funds. Hangar arrl.-alep..el1~s a 2/3 State and 1/3 Ci~ ~ '-' 0,.-3''0 <br />p:lrticipation effort. Mn/DoT has a sep:lrate revolving hangar fund available to <br />sponsoring goverments on a 10 year/interest free loan basis. Hangars are <br />deveJ.opad as needed. '!he City's share of total developnent costs, with hangar <br />developnent, could go as high as $1,300,000. '!he City can choose not to get <br />involved in hangar deveJ.opnent and lease the land to a hangar develor;er:. <br /> <br />Mr. Otto stated that, most CX)JIlIOOnly, cities pily for airport developnent fran <br />accumulated funds built up over a r;eriod of time as there is a long lead time <br />in projects of this magnitude. Sane cities p:ly for the developnent through <br />G.O. bonding; a $500,000 bond at 8% with a debt retirenent of $5l,000/year <br />would amOlU'lt to $ll.OO/household in Ramsey; as developnent occurs and shares <br />the tax burden, that $11.00 figure will decrease. Another w~ to finance <br />airport developnent is to establish a tax increnent district that would <br />encompilss the aiq:ort area and the tax increment dollars derived fran that <br />district would be used to pay the City's share of aiq:ort developnent costs; <br />with this process, the people most benefitted ~ the airport would be p;lying <br />for it's developnent. <br /> <br />ChaiIlllan IPr:el or;ened the meeting for carments and/or questions and an91ers. <br /> <br />Patrick Kennedy - 7231 l5lst Avenue lfi - '!he airport issue should be put to a <br />referendum vote. <br /> <br />Richard Lazerte - 7260 l5lst Avenue N-l - '!here were earlier OOImlents about 4 or <br />5 public meetings having been held already; was never notified of ar:w of those <br />meetings. <br /> <br />ChaiIlllan Ippel - '!hose meetings were publiciZed in Union, Shopper and City <br />Newsletter and in one case, a city-wide mailing just as was done for tonight's <br />public hearing. <br /> <br />Mr. Otto - Initial public meeting was May 16, 1984; the next one was August 22, <br />1984; another one on September 19, 1984; and a joint EDC/Council/Air:port <br />Comnission plblic meeting in the Spring of 1985; all were publicized. <br /> <br />Comnissioner Sieber - '!he Airport Comnission meets the third Wednesday of the <br />month and all meetings are or;en to the public. '!he Cartmission has used every <br />source available to publicize it's special public meetings. <br /> <br />ChaiIlllan Ippel - '!here was a regular Comnission meeting in which landowners <br />potentially affected ~ airport land aa;{uisition were invited to attend; those <br />landowners were identified through County records and the pror;erty owners of <br />record were notified. <br /> <br />Ramona O'Ik>nnell - 7300 l50th Lane N-l - She and two other pror;erty owners in <br />the saftey zone area did not receive an invitation to attend that particular <br />Comnission meeting. <br /> <br />ChaiIlllan Ippel - Residents in the safety zonefJ.. did not receive a special tt,- ~- 8~ <br />invitation because properties in the safety zone are not recamnended for <br />aa;{uisition. <br /> <br />August 21, 1985 <br />Page 4 of 14 <br />