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City of Ramsey 15153 NOWTHEN BOULEVARD N.W., RAMSEY, MINNESOTA 55303 • (612) 427 -1410 Honorable Mayor and City Councilmembers City of Ramsey 15153 Nowthen Blvd. N.W. Ramsey, Minnesota 55303 Dear Honorable Mayor and Councilmembers: In accordance with the laws of the State of Minnesota and the Charter of the City of Ramsey, I hereby transmit the Comprehensive Annual Financial Report (CAFR) for the City of Ramsey for the fiscal year ended December 31, 1988. This report includes a comprehensive letter from Finance Officer Sandra G. Ashley which assists the reader in understanding the several funds, account groups, and matters contained in the report. This document represents the City's efforts to report accurately and completely financial transactions and position of the City of Ramsey for fiscal year ended December 31, 1988. ECONOMIC CONDITIONS AND MAJOR INITIATIVES: The City of Ramsey is a suburb of the greater Minneapolis -St. Paul Metropolitan Area with an approximate population of 12,000 people. The City is 32 square miles in size and is sparsely developed to the northwest with greater development densities to the southeast. The City currently enjoys constant to heavy residential and commercial growth. A major trunk highway (U.S. Highway #10) traverses the City providing excellent access to Ramsey's 1,200 acres of commerciaVindustrial zoned areas. As a growing suburb, much of the City of Ramsey's efforts are spent dealing with growth- related issues such as development standards, parks development, and the development of trade and commerce. Examples of these growth activities are: • A volunteer fire department is being established which is intended to serve the entire City of Ramsey by January 1, 1991. • Long range plans are being made to establish predictable boundaries for high development densities and low development densities. • A new computer system has been purchased and installed to assist in the tracking of property- related information and to aid the management of a growing number of parcels.