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<br />...........Motion carried. Voting Yes: Chairperson Riley, Members Kiefer, LeTourneau, Skaff, <br />and Steffen. Voting No: None. Absent: Members Elvig and Strommen. <br /> <br />Case #3: <br /> <br />Buxton Study Update <br /> <br /> <br />ic .oevelopment Coordinator Sullivan provided an update on the Buxton Study. He <br />Buxton Group has completed the SCOUT, trade area and site assessment portions of <br />thorized by the EDA. <br /> <br />The EDA <br />(including m <br />Retail Site 2 <br />Leakage and De <br /> <br />ed and discussed the City of Ramsey Retail Site Assessment dated August 2008 <br />owing information: 1) Ramsey's Retail Sites; 2) Retail Site 1 Analysis; 3) <br />is; 4) Site Comparison; 5) Brief Segment Descriptions; 6) Appendix A: <br />alysis; 7) Appendix B: Demographic Report). <br /> <br />Chairperson Riley qu ed whether the traffic counts included in the Retail Site Assessment <br />are accurate. <br /> <br />Assistant City Engineer Hi dicated he will verify that the traffic counts.are correct. <br /> <br />Questions were raised on the fol <br />area; 2) Leakage and Demand <br />needed on the $1.2 billion in deman , <br /> <br />areas of the Retail Site Assessment: 1) Defmed retail site <br />. ; 3) Demand for the Town Center project - clarity is <br />h equates to $93,000 per household. <br /> <br />There was discussion on possible chang <br />Northstar and a possible river crossing. Ec <br />that an update to the study could be provided <br />when Northstar is running in other areas. <br /> <br />e future to the defined trade area as a result of <br />. c Development Coordinator Sullivan indicated <br />there are more details available on ridership <br /> <br />Consensus of the EDA was to direct Economic Dev <br />special meeting with Brandon Norell to provide cl <br />present any additional information that is available on <br />email questions to Economic Development Coordinator <br />prior to the meeting. Possible meeting formats would be W <br /> <br />ent Coordinator Sullivan to schedule a <br />tion on the above questions, andto <br />uxton Study. EDA members will . <br />an to be provided to Mr. Norell <br />or conference call. <br /> <br />Case #4: <br /> <br />Consider Acquisition of Water Tower Parcel <br /> <br />Economic Development Coordinator Sullivan reviewed that the Cit <br />of property at 16600 St. Francis Boulevard, owned by Oakwood <br />construction of a water tower. At the July EDA meeting, the Board di <br />acre parcel, and possibly more, as part of project for the 167th Comme <br />staff has received appraisals on the three parcels on this land. <br /> <br />onsidering the purchase <br />Development, for the <br />d acquiring the 14.2 <br />ode. As directed, <br /> <br />Assistant City Engineer Rimmer reviewed the appraisal information for the <br />acquisition cost for the entire 43.7 acres of the property \vith sewer is $2,411, <br />cost if sewer is not provided is $1,913,311 - $2,299,316. <br /> <br />Economic Development Authority/ September 4, 2008 <br />Page 4 of7 <br /> <br />12 <br />