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<br />Case # 4 <br /> <br />M'EMO <br /> <br />DATE: <br /> <br />July 3, 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.) <br /> <br />Panther Precision Expansion - (25-30,000 SF)'Plans submitted July 3. <br /> <br />Production Design Products - 5000 SF expansion <br /> <br />QDP Technologies/JBT Machining - (10,000 - 20,000 S.F.) <br /> <br />Business Grand Openin2s: Asset Resources and Diamond Graphics to be scheduled when <br />complete. <br /> <br />Business Communication Initiatives: Business Appreciation Day on'August 19 at the Links at <br />N orthfork. <br /> <br />Community Revitalization Proiects <br /> <br />5175 142nd Avenue NW: Nothing to report. <br /> <br />14050 Basalt Street: The TBRA Grant has been closed out and the final monitoring should be <br />complete by years end. ' <br /> <br />14220 Basalt St NW: Asset Resources, 14,329 SF Project. <br /> <br />14230 Basalt St NW: Asset Resources, 14,329 SF Project. <br /> <br />6590 141 5t Avenue: Demolition is complete and Staff is negotiating with Production Design <br />Products for and expansion and reconfiguration of its existing business. The trees have been <br />marked on the site by the Kunde Company and some preliminary site prep was completed on <br />July 3. <br /> <br />14105 Azurite Street: The fonner Sparkle Pool Site has been looked at by Tag Machine. The <br />project has been moving very slowly and Staff is considering the possibility that it might not <br />happen. It appears as if this site could need a significant storm water drainage system installed to <br />alleviate existing drainage concerns. Staff will continue to entertain all offers on the site. <br /> <br />-15- <br />