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CITY COUNCIL WORK SESSION <br />CITY OF RAMSEY <br /> ANOKA COUNTY <br /> STATE OF MINNESOTA <br /> <br />The Ramsey City Council conducted a City Council Work Session on Tuesday, March 29, 2005, <br />at lhc Ramscy Fire Station Number I, 15050 Armstrong Boulevard NW, Ramsey, Minnesota. <br /> <br />Members Present: <br /> <br />Mayor Thomas Gamec <br />Councilmember Todd Cook <br />Councilmember David Elvig <br />Councilmember David Jeffrey <br />Councilmember Mary Jo Olson <br />Councilmember Al Pearson <br />Councilmember Sarah Strommen <br /> <br />Aisc) l'rcscnt: <br /> <br />City Administrator James E. Norman <br />Assistant City Administrator Heidi Nelson <br />Finance Officer Diana Lund <br />Director of Public Works/Fire Chief Dean Kapler <br />HRA Executive Director Sylvia Frolik <br />Community Development Director Patrick Trudgeon <br /> <br />CALI~ TO ORDER <br /> <br />Mayor Gamec called the City Council Work Session to order at 5:40 p.m. <br /> <br />APPROVE AGENDA <br /> <br />City Administrator Norman indicated Case No. 4 will be moved first in the agenda. <br /> <br />The agenda was approved as amended. <br /> <br />CO UNCIL TOPICS FOR DISCUSSION <br /> <br />4) RTC Project Financing & Fiscal Impact <br /> <br />Paul I)onna and Tom Pfannenstiel of Northland Securities were present to discuss the RTC <br />!)roject financing and fiscal impact. <br /> <br />?aul Donna of Northland Securities explained the finance plan objectives for the infrastructure <br />improvements related to Ramsey Town Center are focused around four key elements, which are <br />to minimize the City's market exposure in terms of interest rates, to mitigate project financing <br />t)xposure, to leverage available project funds, and to minimize tax impact on the City's share to <br /> <br />City Council Work Session/March 29, 2005 <br /> Page 1 of 8 <br /> <br /> <br />