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Dustin Reeder, President of ARAA provided history of the ARAA organization that started in <br />1979 and outlined the programs and who their organization served. <br />Council Consensus included: <br />• Support for up to 2-million-dollar loan to ARAA from Ramsey HRA Funds and support of <br />financing structure presented. <br />• Direction for Staff to proceed with Taft Law for the creation of a Redevelopment Plan and <br />Area with ARAA funding the first $10,000 of this process and the City picking up the rest <br />of legal utilizing HRA Funds after formal bank approval is granted to ARAA. <br />• Direction for Staff to draft Resolution requesting up to 2.3 million from Ramsey HRA <br />Dollars held by Anoka County to be approved by the City Council. <br />3. TOPICS FOR FUTURE DISCUSSION <br />3.01: Review Future Topics/ Calendar <br />Noted. <br />4. MAYOR / COUNCIL / STAFF INPUT <br />None. <br />5. ADJOURNMENT <br />The Work Session of the City Council was adjourned at 6:55 p.m. <br />Respectfully submitted, <br />Brian S. Hagen <br />City Administrator <br />ATTEST: <br />Kathy Schmitz <br />Administrative Clerk <br />Drafted by Katie Schmidt <br />City Council Work Session / April 28, 2026 <br />Page 2 of 2 <br />