Keith and I sat down with the CFO of Ramsey on Monday, just to clarify the situation and to separate rumor from fact. Much of what is being circulated about the financing of town center, city hall, etc.. is untrue. With the exception of 130 parking spaces in the parking ramp, the parking ramp is paid for. The debt service (principal and interest) on the municipal building is approximately 1.5 million per year (this includes the 130 parking spaces.) We estimate that to be about 6% of the annual budget, which as Ramsey town center comes on line, will be less. Bottom line, things are in better shape than most would lead you to believe. There is still time to turn this project arround. Planning is the key. As I've stated before, Ramsey needs to get the land out of litigation and into the hands of a private developer who will work with the original intent and vision for the area. Keith and I both believe we need to attract a major player similar to the fortune 500 companies, like Medtronics, to the town center. Along with that, the city needs to continue to improve the transportation situation to make the town center workable. This includes bringing a bridge accross the river from Dayton, and dealing with the railroad crossings at Armstrong and Ramsey.
Mary Ann Kiefer