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completed at approximataly tha same time, making funds availabla to complete the <br /> purchase. The time frame will be the last week of November to the f~rst weak of ~fi-:~!i <br /> <br /> The Sauter property will not need to go through the condemnation proceed~;t~'8~er <br /> a friendly condemnation with a pre-negotiated price will be considered.~ ~;~rope~:~.i:..~ <br /> a choice property. The property has been marketed more ag~essively.~'iUsual with <br /> Developer Denny Sha very interested He has submitted a couple ro':~and a draft <br /> Development Ageement should be completed by the end of nes[~:~ek. It'~:a~hrequested <br /> that the buildina be ofh/aher quality. Land cost would be sub~ful~ei:.f°r the h~.?~her <br /> quahty of a budding. The bmldmg will have more glass ani¢?Snal dra~g will be <br /> completed next month. .~...~; <br /> S tudk~i~'~date <br /> Case #1: Highway #10 Redevelopment <br /> <br /> Paul Paige of Hoisington Koegler will meet with MnDOT :{01~ee~'i' thej~'~plans are for <br /> Highway #10. He will have more information for EDA at th'~;~ei~ber meeting <br /> <br /> Case #2: Waste ManagementProperty for Industrial Dev~t~/smenti~'poses <br /> <br /> There is a company interested ~i;:~~}.:i~. t,:45.,000 square foot b~}~2g at the site. <br /> Within five to ten years theYpl:& {0' double th~i~}}}~ey are also ~:~fiSidering sites in <br /> the cities of Blaine and Lin; 'Lakes.'::: ~s site is the~ 202'acre}~ke available in <br /> Ramsey. The company wants imagei~a~d visiba~d~s sit~ j:~!ct:~'he to Energ3' Park. <br /> Transportation improvements to coun~;;RoaS:#1t;~"6 and H/igi~ay #10 also help to make <br /> Ramsey a strong¢ompetitor. The com~';d~ects compi'dtion of construction by <br /> December 200}2;;L~i"r:Would be provided!l/i no cost, wh/ch gives the company <br /> <br /> The :.~xt~nsion of Sunwo~?Drive issues w~E~'~:~rought to the Public Works Committee <br /> for'diSh,dion. Dev.ej eaLcan proceed?:~iii~hout the connection of Sunwood Drive. <br /> Mr. Z~mmermai~ ~4tiired ~ut ~e' ~J~t amount of unbudgeted TIF money. Mr. <br /> ~::~::;:;::Norman revieWed'the revenue income and committed funds for the TIF districts. The <br />,?:!~J!~j!i:i(':i!Ji~ci~:~as approxin~'~ly $2,709~,000 yet to be committed. The purchase of Makken and <br /> B~::i~mperties are'b~et~:~Sauter and Waste Management are not budgeted. <br /> Howev~,?Projects can.at~a'ys be repriofitized in the budgeting process'. <br /> <br />Motion by ~ LeTourneau to recommend the Ramsey City Council discuss the purchase <br />of Waste M/_a2~agement property at a Work Session and seconded by Mr. Zimmerman. <br /> <br />Motion c~d. Voting Yes: Chairperson Wagner, Mr. LeTourneau, Mr. Zimmerman, <br /> Voting No: None. Absent: Ms. Blaha and Ms. Scheiber. <br /> <br />-8- <br /> <br />Economic Development Authority/September 7, 2000 <br /> Page 2 of 3 <br /> <br /> <br />