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<br />. <br /> <br />. <br /> <br />. <br /> <br />~ <br />EN HILLS <br /> <br /> <br />MEMORANDUM <br /> <br />DATE: <br /> <br />Agenda Item 8.B <br /> <br />December 5, 2002 <br /> <br />TO: <br /> <br />Mayor and City Council <br /> <br /> <br />Joe Lynch, City Administrato!W dIf <br /> <br /> <br />Ramsey Connty Proposed En:CL~nental Response Fnnd <br /> <br />FROM: <br /> <br />SUBJECT: <br /> <br />ENCLOSURES: <br /> <br />Request for Ramsey County Board Action <br />Minnesota Statue 383A <br />Minnesota Statue Chapter 390, Section 3 <br />Ramsey Connty Memorandum, July 14, 1997 <br />Development Trade & Economic Development Letter, November 12, 2002 <br />Memorandum form Paul Kirwold, October 7, 2002 <br />Municipal Survey Results Ranking Use of Fnnds <br /> <br />Back2round <br />Previously, staff presented the Council with information about the proposed Ramsey County <br />Proposed Environmental Response Fnnd for information purposes. At this time, staff is presenting <br />information based on our understanding that the Ramsey County Board will be discussing this <br />shortly, and making a decision about whether to proceed in 2003 with the collection of an <br />Environmental Response Fund fee for each deed registration in Ramsey Connty. <br /> <br />Purpose: <br />The purpose of the Environmental Response Fund is to collect fees to offset the cost for <br />soil corrections or remediation for property in Ramsey Connty, where funding gaps exist <br />or land redevelopment is of great importance for Ramsey Connty and/or the impacted city. <br /> <br />Public Works: <br />Ramsey County will collect an additional fee for every deed registration in Ramsey <br />Connty. This includes every new home construction, every existing home and any <br />residential property that is sold or refinanced in Ramsey County. The State Statue allows <br />Ramsey County to collect .0001 times the principle amount for each transaction. As an <br />example, the median value home in Arden Hills is $204,400.00. Using this figure, Ramsey <br />County could collect $20.44 on the median value home in Arden Hills every time a new <br />home is built or a property is sold or refinanced. <br />