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<br />CASE #1 <br /> <br />TITLE: <br /> <br />Adoption of Resolution Initiating Process for Adoption of Redevelopment <br />Plan (TIF No. 13) <br /> <br />BY: <br /> <br />Sylvia Frolik, HRA Executive Director <br />Sean Sullivan, Economic Development Coordinator <br /> <br />INTRODUCTION: <br /> <br />The City of Ramsey is currently involved in a large scale redevelopment project called Ramsey <br />Crossings. The project involves the acquisition of 17 parcels located West of Armstrong Blvd <br />and South of the extension of Bunker Lake Boulevard. A renewal and renovation TIF district <br />will be created to assist in financing improvements within the project area. Land acquisition will <br />be funded through bonds and this mechanism requires that the HRA establish a redevelopment <br />plan for the area. The attached resolution will start this process. <br /> <br />DISCUSSION POINTS: <br /> <br />None <br /> <br />ATTACHMENTS: <br /> <br />Resolution Initiating Process for Adoption of Redevelopment Plan (TIP No. 13) <br /> <br />STAFF RECOMMENDATION: <br /> <br />Adopt Resolution Initiating Process for Adoption of Redevelopment Plan (TIP No. 13) <br /> <br />BOARD ACTION: <br /> <br />Motion to Adopt Resolution #06-12-003 Initiating Process for Adoption of Redevelopment Plan <br />(TIF No. 13) <br /> <br />REVIEWED BY: <br /> <br />City Administrator <br /> <br />HRA: 12/12/06 <br />