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  <br />  <br />MAJOR INITIATIVES <br /> <br />In 2013, the city’s Housing and Redevelopment Authority (HRA) continued its work on Ramsey’s <br />downtown development, The COR. A 230-unit upscale multifamily housing community was completed <br />and opened for leasing in 2013. Additionally, a 50-unit multifamily community located within The COR <br />was nearing completion in 2013. The Ramsey Station for the Minnesota Northstar commuter rail celebrated <br />its first year in operation in the fall of 2013. The Ramsey Station is a key component for the success of <br />projects within The COR and development potential is stronger than ever because of its proximity to transit. <br /> <br />In 2014, a 72-unit assisted living memory care facility is planned to break ground within the city. The <br />business districts located within the city also experienced growth. Three large employers located within <br />these districts have started expansion projects bringing additional employment opportunities and tax base <br />to the community. <br /> <br /> <br />CERTIFICATE OF ACHIEVEMENT <br /> <br />The Government Finance Officers Association of the United States and Canada (GFOA) awarded the <br />Certificate of Achievement for Excellence in Financial Reporting (CAEFR) to the City for its CAFR for <br />the year ended December 31, 2012. This was the nineteeth consecutive year the City has received this <br />prestigious award. Also, the City had previously received the award from 1981 through 1988, after which <br />the City did not participate in the program for several years. <br /> <br />The CAEFR is valid for a period of one year only. We believe our current CAFR continues to meet the <br />CAEFR Program’s requirements and we are submitting it to the GFOA to determine its eligibility for <br />another certificate. <br /> <br /> <br />ACKNOWLEDGMENT <br /> <br />The 2013 CAFR of the City meets the highest professional standards and was prepared in a timely and cost- <br />effective manner. This could never have been accomplished without the excellent work of the entire <br />Finance Department. We would like to express our appreciation to the Finance Department and all <br />members of the City’s staff who contributed to its preparation. <br /> <br /> <br />Respectfully submitted, <br /> <br /> <br /> <br /> <br />Kurt Ulrich Diana Lund <br />City Administrator Finance Director <br /> <br /> <br /> <br />17