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Motion carried. Voting yes: ~'Iayor Reimann, Councilmembers Cox, Pearson, DeLuca, and Sorteberg. Voting no: None. Motion by Councilrranber Cox and seconded by Councilrranber DeLuca to have City Staff forward information to Amoco that approval of their request includes using Ramsey as their address and not Anoka. Motion carried. voting yes: Mayor Reimann, Councilmembers Cox, DeLuca, Sorteberg, and Pearson. Voting no: None. Motion by Councilrnember DeLuca and seconded by Councilmember Cox to di rect City Staff to develop a standing policy to require that all businesses locating in Ramsey use Ramsey as their address and that a variance be necessary if they wish otherwise. Motion carried. Voting yes: Mayor Reimann, Councilrnembers DeLuca, Cox, Pearson, and Sorteberg. Voting no: None. Case #12: Requeqt for City Participation (Tax Incr~ment Financing) in Py;:oposed Project: Case of Ms. Kris Flueael and Ms. Sarah Sa~er: City Administrator Hartley stated that the City's policy regarding tax increment financing includes Council review of all tax increment financing requests with res~ct to the follcwing issues: a) Will the request benefit the City as a whole? b) Will the request encourage other private developnent in the area? c) Will the project not occur without City assistance? and d) Is the project legally and financially feasible? Mr. Hartley explained that the pro,p:>sed developnent consists of a block buil ding. The improved qual i ty of construction in the area will generate more tax increment. The value is estimated at $250,000 and based on that, the amount of increment that would be a\1ailable to the develo~rs would be $36,000. The total amount of increment that would be generated would be between $60,000 and $70,000 over a period of 20 years. Mr. Hartley stated that he has indicate.d to the develo~rs that they cannot extend utilities to the proJ;:E:rty. This developnent district has the floating base and it's difficult to generate much incranent. P.lI engineering and administrative costs have to corne out of the $36,000. The developers have to determine if the benef its are sufficient to serve the needs. ~1s. Kris Fluegel stated that she and l<ls. Sarah Sawyer have been working with a group called Human Economic Developnent Group (HEJX;) and they have compiled a business plan and have met with bankers and have financing contingent upon the tax increment financing. Motion by Councilrnember COx and seconded by Councilrranber Sorteberg to approve the request by Ms. Kris Fluegel and 115. Sarah Sawyer for City participation in their proposed project. Motion carried. Voting yes: lI..ayor Reimann, Councilmernbers Cox, Sorteberg, Perason, and DeLuca. Voting no: None. Case #13: Request for Site Plan Review and City Participation (Tax Increment Financing) in Proposed Proiect: Case of Mr. John ~: City Administrator Hartley explained that Mr. John Noard is proposing to relocate his existing business, the Anoka Sports Center, to Lot 1, Block 1, Riverside West. This is a quality developnent and will be an enhancement to the Highway #10 Corridor. City Council/April 12, 1988 Page 10 of 13