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. . . The Commission discussed the improvements that would occur at the Super Valu store and the Northern Bank in conjunction with the developnent of the strip center; that there may also be a possibility of Danner Cabinets expanding; and the potential for two commercial lots in Rum River Hills to develop. In lieu of these projected improvements, the Commission felt that maybe all of the cormnercial property in that area should be included in the tax increment development district in order to capture the additional increment that would generate from improvements to existing businesses. Motion by Commissioner Ippel and seconded by Commissioner Vevea to recommend City Council approval of the request to establish developnent and tax increment financing districts and Mr. Muller's request for City participation in the proposed developnent. Further, to direct Ms. Norris to research the feasibility of including as much of the commercial property in that areas as possible in the tax increment district. l-btion carried. Voting Yes: Chairman Greenberg, Commissioners Muller, Kurak, Vevea, Gorecki, Ippel and Fults. Voting No: None. Absent: Commissioners Wagner and Hardin. Case #4: Discussion Regardin,g Funds For Economic DevelQpnent Activities: Ms. Norris noted that during the 1987 budget process, the City Council allocated approximately $50,000 to be used for economic development activities and another $18,000 to be used for contracted economic developnent services. Ms. Norris stated that her workload is becoming too great and suggested that the Commission consider using a part of the $18,000 to contract for assistance in Star City Program tasks. Commissioner Kurak stated that he would like to see the revolving loan fund actively pursued; that it will result in visible proof and good publicity of the Economic Developnent Canpany at work. Commissioner Gorecki stated that he would like to see an absorption rate study done on commercial/industrial property in Ramsey. The Commission tabled further discussion until the next regular meeting. Case #5: Discussion Regarding OJ,ynpic SOccer COnplex: Mr. Kurak stated that the Governor's Olympic Soccer Complex project is proposed to be expanded after the Blaine site is up and running. The Economic Developnent Canpany has taken action to write to the directors of that project to suggest that Ramsey be considered as a potential si te for expansion of the project. Case #6: Discussion RegardinCJ Extension Of Utilities To Commercial/ Industrial Area: Ms. Norris stated that City Council has set a public hearing date of March 31, 1987 regarding the extension of sewer and water utilities to the EDC/March 11, 1987 Page 4 of 6