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At CONSIDER PROPOSED DEVELOPMENT AT NE QUADRANT OF RAMSEY BLVD AND BNSF RAILROAD By: Darren Lazan, Development Manager Background: This site was the subject of efforts in the past to locate a gun range and pro shop facility. The project was conceptually sketched and some terms were exchanged before the deal went dormant. In the early summer of this year, the Development Team reached out to the proposed business owner in an effort to structure a deal within The COR for this user. Several sites were explored: • On Rhinestone, south of the Parkway — This site could have been combined with the Community Center structure to make efficient use of parking and site. Ultimately, there was concern regarding the potential conflict with the community center construction and concerns that this project would limit that flexibility. Concerns were also expressed regarding the proximity of this use to PACT Charter School. • On Sapphire Street, north of Sunwood, mid block — This site would have had a great shared parking solution and could technically have gone forward, but there were concerns about the user's ability to construct a 2-story building, and if that requirement was waived, what effect it would have on other users in the area. • Above the existing police station — this site, again while feasible, was a practical concern, and some felt it would not be the best co -tenant for the Municipal Plaza. • Around the well house — this site could be made to work, but became difficult to resolve. While it would have solved a very difficult issue we face related to the development of this block, the City would need to take an ownership position in the structure, and there were concerns related to the effect on the marketability of the adjacent properties on this key downtown block. After considerable discussion, it seems that this user may, in fact, be best suited to the original property. We have spent a considerable effort on vetting their ability to execute a development deal, what their immediate and future expansion needs are, as well as leading an effort to vet out their virtual training facility and its value to the Ramsey Police Department. We believe this is a project that can proceed and can provide a value to the City beyond that of a typical development. This property is currently owned by The City of Ramsey, and could be developed as either an HRA project, or an EDA project. We have prepared a conceptual sketch of a proposed configuration that is acceptable to the proposed user. We have also proposed a potential deal structure to this user that would be essentially the same as what was previously contemplated, and could also yield more development in this parcel than previously designed.