Laserfiche WebLink
Economic Development Authority (EDA) 4. 2. <br />Meeting Date: 05/12/2011 <br />By: Aaron Backman, Administrative <br />Services <br />Title: <br />RM Golf Carts Project Update <br />Background: <br />During the past two months the City has been working with RM Golf Carts, a small Ramsey business that has <br />outgrown its current location at 6080 Highway 10. To retain the business in Ramsey, the Economic <br />Development/Marketing Manager reviewed several potential locations with the business owner, Mark Kaufman. <br />Mr. Kaufman also considered other building locations in several communities in the north Metro. Ultimately, he <br />made a proposal to lease the City -owned building at 7039 Hwy 10 (known as the former EZ Tractor site). <br />RM Golf Carts will relocate to the new location and will pay for any leasehold improvements to the existing <br />building. The existing 3,100 sq. ft. building has been gutted by previous owners (Public Works has removed all <br />city equipment that was stored in the building.) At its April 26th meeting the Economic Development /Marketing <br />Manager presented the project to the City Council. City Council approved the proposed five -year lease of the <br />property to RM Golf Carts. The tenant will pay the City $1,050 per month in the first year (starting June 1, 2011), <br />$1,250 per month in the second year, and $1,500 per month thereafter. The Economic Development/Marketing <br />Manger has been working with the business and the City Attorney regarding the specifics of the lease agreement <br />and as of May 6, 2011 the agreement was executed by the business owner. <br />The owner of RM Golf Carts expects to expand his business in the new location, increase his sales, and hire 2 <br />additional people in the next two years. Mr. Kaufman has not requested any financial assistance from the EDA. <br />Observations: <br />Funding Source: <br />No EDA funds are being requested. <br />Staff Recommendation: <br />N/A <br />EDA Action: <br />N /A. Informational. <br />Proposed RM Golf Carts Location <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Aaron Backman (Originator) Aaron Backman 05/06/2011 04:28 PM <br />Form Started By: Aaron Backman Started On: 05/06/2011 04:05 PM <br />Final Approval Date: 05/06/2011 <br />