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• <br />Council member Anderson introduced the following resolution and moved for its adoption: <br />RESOLUTION #01 -01 -007 <br />RESOLUTION AUTHORIZING ACQUISITION OF PROPERTY FOR INDUSTRIAL <br />PARK DEVELOPMENT. <br />WHEREAS, the City of Ramsey (the "City) has previously developed land within the <br />City for industrial development purposes known as industrial parks; and <br />WHEREAS, the City's current industrial parks are nearly fully developed with few <br />remaining sites available for development; and <br />WHEREAS, the City has an interest in developing industrial parks in order to attract <br />industrial development by offering managed site control; and <br />WHEREAS, site control allows the City to focus on quality development and manage <br />growth development, both of which are competitive advantages in attracting industrial <br />development to the City; and <br />WHEREAS, industrial park development encourages economic development by creating <br />jobs in the City and increases property values; and <br />WHEREAS, industrial park development allows for diversification of property tax <br />dollars which reduces the property tax demand on residential properties; and <br />WHEREAS, it is more difficult for the private sector to develop an industrial park than it <br />is the public sector because of the large holding costs related to this type of development; and <br />WHEREAS, the City continues to receive numerous inquiries about the availability of <br />quality industrial sites within the City; and <br />WHEREAS, the real property described below (the "Subject Property ") can feasibly be <br />connected to municipal utilities and has good development characteristics for development as an <br />industrial park; and <br />WHEREAS, pursuant to Minn. Stat. §469.124, et. seq. (the "Development District Act ") <br />the City has established Development District No. 1 (the "Development District ") by resolution <br />duly adopted, and subsequent resolutions, the City adopted the Development Program and <br />approved creation of the Development District; and <br />WHEREAS, the purpose of the State Legislature in establishing City Development <br />Districts, is to promote new development in areas of a City that are already built up in order to <br />provide employment opportunities, to improve the tax base, and to improve the general economy <br />of the State; and <br />