Laserfiche WebLink
ARAA, a Credit memo will be provided by CorTrust Bank or others to ensure the repayment ability of the HRA <br />funds. <br />Notification: <br />A Public Hearing will be scheduled for June 23, 2026 to consider the Redevelopment Plan and Area and other <br />required items <br />Time Frame/Observations/Alternatives: <br />Staff is asking the City Council to consider approval of Resolution #26-128 Initiating Process for Approval of a <br />Redevelopment Project Area and Calling a Public Hearing <br />Funding Source: <br />ARAA - 10K Escrow to inititiate Redevelopment Plan Process <br />Ramsey HRA Dollars up to 2.3M (Loan, Admin, Legal) <br />Recommendation: <br />Adopt Resolution #26-128 Initiating Process for Approval of a Redevelopment Project Area and Calling a Public <br />Hearing <br />Outcome/Action: <br />Motion to Adopt Resolution #26-128 Initiating Process for Approval of a Redevelopment Project Area and <br />Calling a Public Hearing <br />Site Location Map <br />ACTION - Resolution #26-128 <br />Redevelopment Project Area Map <br />Ramsey - Draft Redevelopment Plan <br />Redevelopment Plan Schedule <br />Proposed Financing Structure - CorTrust <br />Preliminary Construction Costs <br />Attachments <br />Form Review <br />lnbox Reviewed By Date <br />Brian Hagen Brian Hagen 05/21/2026 12:09 PM <br />Form Started By: Sean Sullivan Started On: 05/14/2026 10:23 AM <br />Final Approval Date: 05/21/2026 <br />