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Analysis of existing industrial development sites in communities near Ramsey indicates that there is a strong market for additional sites, should the City decide to develop another Industrial Park. A strong market alone is not enough to make an additional industrial park in Ramsey feasible. Other factors which must be considered are availability of an appropriate site, the ability to purchase, and how to market and develop that site. SITE REVIEW Staff has identified two desirable sites for possible development of an industrial park. The City of Ramsey should review the possibility of either outfight land purchase or the acquiring of options on these parcels in the City. A comparison of two sites follows: Waste Management Property. This parcel is approximately 182.8 acres in area. This property is bounded on the west by County Road #116; on the south by two lots in the Gateway North Industrial Park Plat 2 and 4; on the north by the southern portion of the landfill and on the east by County Road #57. The parcel is relatively flat in the western quadrant and a grove of mature oaks outlines another section. The subject parcel contains five separate wetland areas, totaling approximately 16.2 acres, which are scattered around the perimeter of the site. The individual wetlands within the parcel boundaries, range from 0.37 acres to 7.09 acres in size. The parcel is bisected by Sunwood Drive and has County Roads 116 and 57 for frontage access. A map of the proposed site is attached as attachment A. This property could easily be connected to sewer and water as it is inside the MUSA line. An approximate market value for the 182.8 acres is $1,300,000 to $3,000,000, which computes to $7,I12 to $16,411 per acre. This price is for raw land only, and does not include the cost of infrastructure. 149-Acre Site Located West of the Anoka Electric Energy Park. This parcel is approximately 149.11 acres in area. The Burlington Northern Railroad borders this property on the south; County Road #56 borders on the east; the half-section line of section 2.8 borders on the west and the future right-of-way of County Road #116 borders on the north. There are no apparent wetlands located on this property. The entire 149-acre parcel is currently being farmed. The land is totally flat, with no trees, which makes development easy. The property has frontage access along County Road #56 and in the immediate future, access at County Road #116. A map of the proposed site is attached as attachment B. The property currently lies outside of the MUSA line, but could very easily be connected to sewer and water if the MUSA line was expanded. Market value for land, excluding utilities and roads, averages $7,383 to $13,423 per acre or approximately $1,100,000 to $2,000,000 in total.