Laserfiche WebLink
4.07: Prospect Updated, Mike Mulrooney <br />Mr. Mulrooney presented the report noting a couple of prospects. He noted a manufacturing <br />facility in a neighboring city possibly relocating to the City of Ramsey. They are looking to <br />expand but after giving prospects, due to cost, are considering a smaller expansion. He discussed <br />potential sites for the owner to relocate. <br />Member LeTourneau asked if they have inventory for a smaller building. <br />Mr. Mulrooney stated no, most industrial sites are getting developed. <br />Mr. Mulrooney noted that the Old Castle facility current owners are looking at restarting the <br />facility to produce decorative concrete panels used in construction. They are reviewing costs and <br />would like to discuss in September when details are finalized. <br />Mr. Mulrooney noted an HPAC giant is looking at developing a retail warehouse and is <br />represented by a local vendor. He presented a building and they are very interested but are <br />waiting for corporate decision. <br />5. MEMBER / STAFF UPDATE <br />The EDA reviewed the Staff Update. <br />6. ADJOURNMENT <br />Motion by Member Skaff, seconded by Member Wise, to adjourn the meeting. <br />Motion carried. Voting Yes: Chairperson Riley, Members Skaff, Wise, LeTourneau, and <br />Williams. Voting No: None. Absent: Members McGlone and Steffen. <br />The regular meeting of the Economic Development Authority adjourned at 8:52 a.m. <br />Respectfully submitted, <br />urtis G. Ulrich <br />City Administrator <br />ST: <br />Patrick Bram <br />Management Analyst <br />Draft by Cheryl Felix, TimeSaver Off Site Secretarial, Inc. <br />Economic Development Authority /August 2, 2012 <br />Page 5 of 5 <br />