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CASE #4 <br />SCI, LLC PROJECT <br />By: Amber G. Miller, Planning Manager <br />BACKGROUND: <br />Staff has been working with Jamie Thelen of Sand Companies since August of 2009. They are <br />looking to develop a new construction, work-force rental housing project in Ramsey Town <br />Center as well as a market rate rental housing project. Mr. Thelen gave a presentation to the <br />HRA in October describing the type of projects they typically construct and would be interested <br />in doing in Town Center. <br />Staff brought forth a Letter of Intent at the December 15~', 2009 HRA meeting which the Board <br />took action to move forward with negotiations on. <br />Enclosed is the option agreement. The City Attorney will provide comments at the meeting. <br />STAFF RECOMMENDATION: <br />To enter into the option agreement with SCI, LLC. <br />BOARD ACTION: <br />Based on discussion. <br />Revi <br />City <br />HRA: 04.13.10 <br />Attachments: <br />A. Site Location Map <br />B. Site Plan <br />