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FUND ECONOMIC DEVELOPMENT AUTHORITY <br />DEPARTMENT <br />FUNCTION: <br />City of Ramsey <br />2016 Adopted Budget <br />N/A <br />N/A <br />PERSONNEL COMPLEMENT <br />Economic Development Commission Members <br />7.00 <br />7.00 <br />7.00 <br />7.00 <br />7.00 <br />7.00 <br />BUDGET HIGHLIGHTS <br />• Increase in travel <br />GOALS OF CURRENT YEAR BUDGET: <br />• Growth of the City's tax base <br />• Growth in the City's quantity of jobs <br />• Improved quality of life <br />• Sale of City owned land <br />• Review existing events and consider reducing where appropriate (EDA Biz Expo) <br />• Recruit new industrial and retail businesses <br />• Establish a new business park <br />Performance Measurements: <br />2014 Actual <br />2015 Estimate <br />2016 Projected <br />Sale of ALL City owned land (acres) <br />0.81 <br />32.87 <br />15 <br />Sale of COR City owned land (Net land proceeds, dollars) <br />$ 154,000 <br />$ 3,219,468 <br />$ 1,300,000 <br />Sale of COR City owned land (acres) <br />0.81 <br />18.01 <br />13 <br />Estimated Market Value (all) <br />$ 1,795,400 <br />$ 2,025,977,100 <br />$ 2,100,000,000 <br />Estimated Market Value (Commercial/ Industrial) <br />$ 242,466,700 <br />$ 249,153,900 <br />$ 275,000,000 <br />Unemployment Rates <br />5,736 <br />TBD <br />6,000 <br />Employment (total) <br />3.8% <br />TBD <br />3.75% <br />Building Permits Valuation (Commercial Industrial, all permits) <br />$ 4,269,392 <br />TBD <br />$ 5,500,000 <br />Building Permits Valuation (Commercial, new build/ build -out, private sector only) <br />$ 2,581,764 <br />TBD <br />$ 3,000,000 <br />