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<br />Case # 3 <br /> <br />Cost of Doing Business Analysis Update <br />By: Sean Sullivan, Economic Development Coordinator <br /> <br />Background: <br /> <br />The EDA Directed Staff to research the cost associated with development, and operation, of <br />business within the City of Ramsey. Attached is the information from a number of developing <br />cities in the NW region of the Metropolitan area. The information provided is very similar to the <br />NAIOP Study that was done 3 years ago. In addition to this analysis, a study of operating costs <br />is being completed. This will include electric, gas, sewer, water, storm and property taxes on a <br />monthly basis. Some of these items were included in the information brought to the EDA by <br />Dennis Sharp and by study's end we should be able to quantify those results and truly compare <br />communities. I have gathered most of the monthly rates and charges for most of the <br />communities but that analysis is not complete at this time. Staff estimates that the analysis should <br />be complete by the June meeting. Please take time to review the information provided and to <br />direct staff on how to proceed. . <br /> <br />Funding Source: <br /> <br />N/A <br /> <br />Recommendation: <br /> <br />None <br /> <br />EDA Action: <br /> <br />None <br /> <br />] <br />Enclosures: <br /> <br />Cost of Doing Business Update <br /> <br />EDA: 5.15.08 <br /> <br />22 <br />