Minutes - Council - 01/23/2007 - Laserfiche WebLink

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Ms. Shirley Barnes, CEO of Crest View Senior Communities, stated this project is not possible without TIF; with TIF the project will work. The project consists of 103 housing units, 31 assisted living units, and 18 memory care units, for a total of 152 units. 20%, or 30 total units, will meet the TIF eligibility requirements they are obligated to meet. These units are dispersed between the senior housing, the assisted living, and the memory care, so as a person needs progressive care they can remain in the community and be at the income eligibility requirements for TIF. The project is a total of253,000 plus square feet. Crest View must be at 70% presale in the senior housing units prior to breaking ground on the project. Ms. Barnes stated Crest View will be adding 50 new jobs to the City of Ramsey with 35 FTE's. As a provider of older adult services, there is not only the manner of serving a need, but also of economic development and providing new jobs to a community like Ramsey. The estimated annual payroll is over $1.1 million. The total project cost is $29.7 million. Ms. Barnes stated Crest View has been providing a service to older adults in Anoka County since 1952; they currently serve over 400 older adults and employ 240 people. Crest View's strategic plan has included building a second campus in the northern area and Ramsey is a perfect fit. Ms. Barnes thanked staff, who has been tremendous to work with, and thanked the City Council and Mayor for helping to make this project happen. Citizen InDut There was none. Motion by Councilmember Jeffrey, seconded by Councilmember Strommen, to close the public hearing. Motion carried. Voting Yes: Mayor Gamec, Councilmembers Jeffrey, Strommen, Dehen, Elvig, Look, and Olson. Voting No: None. The public hearing was closed at 7:19 p.m. Council Business Mayor Gamec called the regular City Council meeting back to order at 7:19 p.m. Councilmember Jeffrey expressed his support for this project. Motion by Councilmember Jeffrey, seconded by Councilmember Elvig, to adopt Resolution #07- 01-037 establishing Tax Increment Financing District No. 11 and approving its Tax Increment Financing Plan. Further discussion: Councilmember Elvig clarified with Mr. Sullivan that this project will be taxable for the City. He stated a goal of the Council has been to create a life-cycle livable community. This project is a key element and he is thrilled to be part of this and help to move it forward. Mayor Gamec concurred. He stated this will be an asset to the City and another service to provide to the citizens. City Council / January 23, 2007 Page 6 of 28