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Agenda - Economic Development Authority - 06/09/2011
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Agenda - Economic Development Authority - 06/09/2011
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6/6/2011 10:45:17 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
06/09/2011
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Why Ramsey <br />Overview: <br />■ In 1998, the city of Ramsey began a comprehensive planning process that <br />resulted in the launching of a 400-acre development referred to as the COR <br />(Center of Ramsey). The COR has created significant energy for Ramsey <br />and is resulting in a number of new developments in recent years. These <br />developments have resulted in $15 million in current construction. This <br />construction includes both the Allina clinic and the VA clinic which are <br />terrific additions to the city and a benefit to the employment base. <br />■ An additional element to Ramsey's continued growth is the Northstar <br />Commuter Rail Station stop for the COR area. Final design of this <br />stop is complete and six funding sources are identified for this $13.5 <br />million project that is expected to provide transit options to and from <br />Minneapolis for residents. In addition, Legacy Christian Academy, a private <br />interdenominational K-12 school, has agreed to purchase 80 acres for a <br />225,000 square foot campus and is scheduled to begin construction in 2011. <br />■ Of particular note for Metal-Matic is the close proximity of the Anoka <br />Technical College (ATC), a two-year technical college on Highway 10. This <br />educational facility is less than two miles from the proposed location for <br />Metal-Matic in Ramsey. Its biggest single core concentration is manufacturing <br />and construction. ATC offers degrees and certificates in areas such as CNC <br />Machining, CNC Manufacturing Technology, Mechanical CAD Drafting, <br />Fabrication, Pipe Welding, Electronic Engineering, Computer Servicing, etc. <br />ATC also works with businesses through its Corporate Center to create <br />training programs for existing workers. <br />■ The City of Ramsey is located within the seven county metropolitan area and <br />enjoys many of the amenities of a large city while retaining the benefits <br />of a small community. By highway, access is approximately thirty minutes to <br />downtown Minneapolis and thirty-seven minutes to downtown St. Paul. <br />Energy Costs: <br />■ Electricity for the proposed site will be provided by Connexus Energy. <br />Connexus Energy is the largest electric distribution cooperative in the state of <br />Minnesota. The attached letter defines the terms of the discounted electrical <br />rate proposed over the initial 5 years for users needing greater than 1,000 kW <br />during peak demand in addition to the 2011 standard rates. For Metal-Matic <br />and other new high capacity users, Connexus Energy is proposing a rate of <br />$.063 $/kWh in year one that reflects a 25% discount over standard low <br />rates. This discount will then reduce by 5% for each subsequent year over a <br />five year period. <br />Demography: <br />■ Located in Anoka County, the City of Ramsey recorded a 2010 population of <br />23,668. Average household size within Ramsey is approximately 3.0 people <br />and over 85% of all houses are owner occupied and the rental market makes <br />up close to 15%. The median age for the area is approximately 34 years of <br />age and over 40% of the population over 25 has earned a post -secondary <br />degree. The city of Ramsey is young, vibrant, well-educated and vested in <br />making the city a great place to raise a family. <br />Ramsey offers unique advantages for businesses. <br />20 <br />
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