Minutes - Council Work Session - 01/18/2006 - Ramsey Town Center

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RAMSEY TOV~N CENTER WORK SESSION CITY OF RAMSEY ANOKA COUNTY STATE OF MINNESOTA The Ramsey City Council conducted a Ramsey Town Center Work Session on Wednesday, January 18, 2006, in the Conference Room at the Ramsey Municipal Center, 15153 Nowthen Boulevard NW, Ramsey, Minnesota. Members Present: Mayor Thomas G. Gamec Councilmember Todd Cook Councilmember David Elvig Councilmember David Jeffrey Councilmember Mary Jo Olson Councilmember Alan Pearson Councilmember Sarah Strommen Also Present: City Administrator James E. Norman Community Development Director Patrick Trudgeon Director of Public Works Dean Kapler Finance Officer Diana Lund Ass't Director of Public Works Brian Olson Economic Development Coordinator Sean Sullivan Jim Lasher, LSA Design Inc. John Feges, RTC and Landmark CALL TO ORDER Mayor Gamec called the regular meeting of the Ramsey Town Center Work Session to order at 4:07 p.m. TOPICS FOR DISCUSSION 1) Fiscal Impact Analysis The City completed a Fiscal Impact Analysis in 2003, and it was used extensively throughout the negotiations of the Master Development Agreement of the Ramsey Town Center. The study was updated in early 2004. In November 2005, an isolated fiscal impact was distributed to the City Council that focused entirely on the Town Center projected development and projected revenue stream. A City-wide Fiscal Impact Analysis has been completed and was distributed to the Councilmembers. The study, as has been the case with the past studies, is an analysis through the year 2015. It has been determined that in assembling the assumptions for the update in this study, there are a number of incorrect assumptions that had been made in past studies that have now been corrected. The study, completed in 2004, showed a spike in tax rate between the years 2005 to Town Center Work Session/January 18, 2006 Page 1 of 3