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2) Adopt Resolution #26-197 Approving Tax Increment Financing Development Agreement; Ramsey Senior <br />Housing, LLC (with changes); subject to Bond Attorney review <br />3) Something else <br />Funding Source: <br />Tax Increment Financing District 20 <br />$4,000 TIF application fee by Trident <br />$10,000 Legal Escrow by Trident <br />Recommendation: <br />Staff recommendation is to Adopt Resolution #26-197 Approving Tax Increment Financing Development <br />Agreement; Ramsey Senior Housing, LLC <br />At the May 14, 2026 the EDA adopted a motion by Member Hills, seconded by Member Lindahl, to recommend <br />to City Council support for the project and provision of $4,147,000 raw TIF, $2,350,000 present value to Trident <br />Development. A copy of the Draft EDA minutes are attached for review. <br />Outcome/Action: <br />Motion to Adopt Resolution #26-197 Approving Tax Increment Financing Development Agreement; Ramsey <br />Senior Housing, LLC (as presented); Subject to City Bond Attorney review <br />Site Location Map <br />ACTION - Resolution #26-197 <br />ACTION - TIF Development Agreement <br />Reference- Ehlers TIF Analysis Memo <br />Reference- EDA Minutes from May 14, 2026 <br />Reference - Resolution #26-159 <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Brian Hagen Brian Hagen 08/20/2026 01:12 PM <br />Form Started By: Sean Sullivan Started On: 08/19/2026 09:56 AM <br />Final Approval Date: 08/20/2026 <br />