Agenda - Council - 11/14/2000 - Laserfiche WebLink

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Economic Development Consultant Mulrooney explained that there is a large interested in locating to Ramsey that is currently located in the north suburban area. that they are also considering the cities of Blaine and Lino Lakes. City Administrator Norman noted that the issue was presented to the EDA at:~eb~ 1~ meeting and they recommended that staff begin negotiations for the Waste Mana°em~:¢iloPe. · u _ rty. Councflmember Connolly ~nqmred as to what the wage range would beT for th~¢ompany. Economic Development Consultant Mulrooney replied that the kS~¢~'~ld be comparable to Mate Precision since they are a machinist company. Consensus of the Council was to direct staff to be~nmeg~ . t~at~ons w~th ~te M~agement for b) B~ Prope~ Development ~alysis CiW Admi~strator No.an stated that. an analysis was prepped to i~:~,the ,C~;:-in evaluating alternatives for the use of the unaeV~!~ed ~d u~mproved propeW'~6~y ~ow as ~e B~ parcel. ~e study shows ~ ~Pm~6~dh:~een mixed retail and, fh~d~'kthal development and estimates the ~pact of eac~;~bbe:~,f~develd~n~'b~the tax b~e ~'d"its effect on CiW tax revenues over a pehod of time i~ing preke~j value ~a~{~iha~i~ation factor of 3%. Economic Development Consult~t M~ir6bk~y~,;~r~¢~iw~a the}ii~fke~nt ta~ ~p~* be~een a mixed retail development:and an industfi~ ~!:.6~ment. Councilmembe}':~otly~in~hired if ~e ass~on~-~ed ~ ~e ~alysis ~clude ~e increase se~ices th~fWiil be a result ~fTbach ,pe of EconBmi~ DeveJopment Co~ul~t ~ulraofi~?r~pli~d ~at that ar~a has not yet be~ analy2e& X~ als; noted'~'~:~e~i~:'~aI~°~d~-n~ ~l~clud~ the sale of any or the prope~ W~ch would probably improv~Ut~e;~alues of ~e ind~]~'al development. .~?¢7'l-:';'~'~bmber Hend~h~..in{hked if the analysis t~es into consideration ~e possible fiver. crossing{~.-~at location. %~ '.:-:[27~ Econo~c De~Tbpment Cdnsultant Mulrooney replied that he did not t~ so. Mayor Gamec. ~uired if industrial revenue bonds are used woUld they help ~e TIF disMct. '~: :Economic Development Consultant Mulrooney replied no. ~a~O~ ~h~ec i~quirea if .s~ of the industhal revenue bonds would reduce the amount of TIF ~S'bat can be used. -48- City Council/September 26, 2000 Page 2 of 5 I I I I t I 'I I I I I I i I I I I I