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HOUSING AND REDEVELOPMENT AUTHORITY CITY OF RAMSEY ANOKA COUNTY STATE OF MINNESOTA The Housing and Redevelopment Authority conducted a Work Session meeting on Tuesday, July 17, 2012, at the Ramsey Municipal Center, 7550 Sunwood Drive NW, Ramsey, Minnesota. Members Present: Members Absent: None. 1. CALL TO ORDER 2. TOPICS FOR DISCUSSION Chairperson Colin McGlone Commissioner Randy Backous Commissioner David Elvig Commissioner Bob Ramsey Commissioner Sarah Strommen Commissioner Jason Tossey Commissioner Jeffrey Wise Also Present: Deputy City Administrator/Finance Director Diana Lund Police Chief James Way Public Works Superintendent Grant Riemer City Attorney Bill Goodrich Development Manager Darren Lazan Chairperson McGlone called the Work Session meeting of the Housing and Redevelopment Authority to order at 5:54 p.m. 2.01: Consider Offer to Purchase Land — Senior Housing (portions may be closed to the public) Development Manager Lazan reviewed the staff report. Phil Geese, Edgewood Group, stated he is the founder and owner of this company, which is the largest assisted living provider in the Midwest and the largest housing and services provider in Minnesota. He presented the proposed site plan for senior living, noting it will contain a pharmacy, coffee shop, and fitness center. Mr. Geese stated their offer for the initial site, their preferred site, is $5 /sq. ft. and $250,000 in service fees to the City. He stated they don't like flat roof designs but can work within the design requirements as long as it does not add a lot of additional costs. Mr. Geese stated they understand this concept will require more brick and upscale look than constructed ten years ago, which Edgewood Group can do. He stated he has not yet completed a new site plan or building elevation but once the site is secured, everything can be "nailed down" in three to four months. Mr. Geese stated Edgewood Group does not need Housing and Redevelopment Authority / July 17, 2012 Page 1 of 5