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<br />Case # 4 <br /> <br />MEMO <br /> <br />DATE: <br /> <br />December 10, 2007 <br /> <br />TO: <br /> <br />Economic Development Authority (EDA) <br /> <br />FROM: <br /> <br />Sean Sullivan, Economic Development Coordinator <br /> <br />RE: <br /> <br />Staff Update <br /> <br />New Business Prospects: <br /> <br />Unnamed Prospect - Manufacturer from Wisconsin (17-30,000 SF) <br /> <br />Unnamed Prospect - 24,000 SF Manufacturing Company to build in 2008 <br /> <br />Unnamed Prospect - Machine Shop based in Ramsey (15,000 S.F.) <br /> <br />Unnamed Prospect - Medical Device Industry (Size to be determined) <br /> <br />Business Grand Openings: None <br /> <br />Business Communication Initiatives: None <br /> <br />Community Revitalization Projects <br /> <br />5175 142nd Avenue NW: Nothing new to report. No inquiries over the past 3 months. <br /> <br />14050 Basalt Street: City Council authorized the sale of this property to Ace Solid Waste at <br />the November 27, 2007 Council meeting. Staff anticipates the closing to occur in the next 30 <br />days. <br /> <br />14220 Basalt St NW: Asset Resources, 14,329 SF Project. The building on this parcel has been <br />demolished and the site is prepped for development. Staff continues to work with this company <br />to develop the site. Planning commission recommended this project for approval at the <br />December 6, meeting. <br /> <br />14230 Basalt St NW: Asset Resources, 14,329 SF Project. Staff continues to work with this <br />company to develop the site. Planning commission recommended this project for approval at the <br />December 6, meeting. <br /> <br />6590 141 st Avenue: Demolition is complete and Staff is negotiating with Production Design <br />Products for and expansion and reconfiguration of its existing business. Nothing new to report. <br /> <br />14105 Azurite Street: The former Sparkle Site transaction is complete and the lot should be <br />prepared for redevelopment by next Spring. <br /> <br />21 <br />