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Attachment 2 <br />MEMORANDUM <br />To: of the s of Ramsey County <br />, Ramsey County <br />Date: March 15, 2024 <br />Subject: Expansion of Ramsey County HRA Legis / <br />This Mem concerns by City repre <br />proby Ramsey County. The to expand the County’s HRA by gran <br />E Authority . <br />Ramsey County stated hat tructure it is curtailed in its <br />ability to support programming for emerging entrepreneurs and small businesses. The s to <br />be on par metro ch programming establishedthrough mechanisms built <br />into their Authoritnot to Ramsey County (e.g. Hennepin County’s “” <br />). The County this is an integral component in Res <br />all . The purpose of the bill is to to a <br />reliable fundingThe proposed bill as created in good faithand <br />limited use business support programming. <br />City represhad concerns about unintended consequences of such a bill. The <br />County recognizes these concerns Accordingly, <br />updated the proposed bill to include language “close the door” on <br />outcomesas I understand them <br /> <br />ISSUE #1: The act of establishing an EDA the County to tax under MN Stat. Se <br />469be certain at a later date n EDA <br />? <br />ANSWER: aon <br />469.092 (“Limit of ”liThe statute <br />469.101 Subd <br />issuing of bonds 469.102 Subd.5; and general le <br />his is the extent of taxinfor an EDA under 469. <br />We to scludetax <br />stablishing ies. <br />Qbhf!56!pg!65 <br /> <br />