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<br />Case # 5 <br /> <br />MEMO <br /> <br />DATE: <br /> <br />June 5, 2008 <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 />Tag Machine - Machine Shop based in Ramsey (10-15,000 S.F.) Plans to be submitted <br />in June. <br /> <br />Panther Precision Expansion - (25-30,000 SF) Plans to be submitted in June/July <br /> <br />Production Design Products - 5000 SF expansion <br /> <br />QDP Technologies/JBT Machining - (Minimum of 20,000 S.F.) <br /> <br />Business Grand Openings: Asset Resources and Diamohd to be scheduled when complete. <br /> <br />Business Communication Initiatives: Business Appreciation Day on August 19 at the Links at <br /> <br />. ---N orthfork.-~ -.----- --------------__________ _ __ ___ __. ___________________ _ ____ _____ _____ _ __ _ ____ _ __ _ _ _ _ _ ____ <br /> <br />Community Revitalization Projects <br /> <br />5175 142nd Avenue NW: Nothing to report. <br /> <br />14050 Basalt Street: Nothing to report. <br /> <br />14220 Basalt St NW: Asset Resources, 14,329 SF Project. Walls are going up and it should be <br />completed by summer's end. <br /> <br />14230 Basalt St NW: Asset Resources, 14,329 SF Project. Walls are going up and it should be <br />completed by summer's end. <br /> <br />6590 141st Avenue: Demolition is complete and Staff is negotiating with Production Design <br />Products for and expansion and reconfiguration of its existing business. Staff will work with the <br />Kunde Company to develop a plan to remove trees from the site while keeping some significant <br />oaks. <br /> <br />14105 Azurite Street: The former Sparkle Pool Site has been looked at by Tag Machine. Staff <br />has received a proposal for this site and is currently negotiating the details of a proposed <br />assistance package. The Developer has changed contractors at midstream and that has lead to a <br /> <br />20 <br />