Agenda - Economic Development Authority - 08/13/2026

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Economic Development Authority (EDA) Meeting Date: 08/13/2026 Primary Strategic Plan Initiative: Promote economic growth and development. Title: Adopt EDA Resolution #26-178 Approving Redevelopment Project Area and Plan 4. 1. Purpose/Background: The purpose of this case is for the Economic Development Authority to consider adoption of EDA Resolution #26-178 Approving Redevelopment Project Area and Plan. The EDA initiated this project approval process at the May 14, 2026 meeting when it adopted Resolution #26-109 Initiating Process for Establishment of a Redevelopment Plan. The Planning Commission (Res #26-110) and City Council (Res #26-156) have subsequently reviewed the Redevelopment Plan and Area and have both approved it in its current form. Approval of EDA Resolution #26-178 is the last step to approve the plan and to enable the EDA to issue an HRA Loan to Anoka Ramsey Athletic Association (ARAA) to build and operate a 100,000 square foot indoor athletic recreational facility south of Hwy 10 on land owned by PSG LLC shown on the attached site map included in the Redevelopment Plan attached hereto. This land has been vacant for quite some time and has not developed on its own despite improvements to Riverdale Drive NW. The proposed development project involves public and private financing to facilitate development and redevelopment in this area which has not been able to occur on its own. The City has been working with ARAA since 2021 on various iterations of an impactful regional athletic facility and the locations, sizes and types of the structures have evolved over time. Staff is confident that the current proposal, at its current location, is the best iteration of the project to date. ARAA is a non-profit and has provided a valuable service to the Ramsey community since 1979 and this project will provide additional local opportunities for Ramsey residents and an influx of economic activity and increased tax base to the City of Ramsey. This development project will likely result in spin-off commercial development adjacent to the site that would not have occurred if the ARAA project had not been completed. Additional approval relating to loan agreement to lend HRA Dollars to ARAA will be a separate EDA action. The City Council adopted Resolution #26-129 (See attached) approving the request to Anoka County for a funding request up to 2.3M from the City HRA funds held by Anoka County. Staff is supportive of this action and recommends approval. Notification: The City Council held a Public Hearing on June 23, 2026 to review the Redevelopment Project Area and Plan document. Time Frame/Observations/Alternatives: Staff is asking the Economic Development Authority to approve Resolution #26-178 Approving Redevelopment Project Area and Plan. The Redevelopment Project Area and Plan documents have been drafted and reviewed by TAFT Law and reflect the current financing structure. Alternatives: 1) Adopt Resolution #26-178 Approving Redevelopment Project Area and Plan 2) Something Else Funding Source: