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MEMO <br /> <br />DATE: <br /> <br />TO: <br /> <br />FROM: <br /> <br />RE: <br /> <br />January 13, 2003 <br /> <br />Economic Development Authority (EDA) <br /> <br />Sean Sullivan, TIF Specialist/EconOmic Development <br /> <br />Staff Update <br /> <br />Class C Components: <br /> <br />The City of Ramsey welcomes Class C Components. This distribution company from Brooklyn <br />Park purchased the Direct Enclosures building in AEC Energy Park late in December. The <br />building had been for sale for most of 2002 and it was nice to see activity on the parcel. The <br />City did its due diligence in researching the new business and drafted documentS that transferred <br />the existing TIF Agreement to the new business. Class. C Components is expected to be fully <br />utilizing the facility by the end of January 2003. Class C Component brings a 10-person <br />workforce to City and hopes to be expanding its operation in the future. <br /> <br />Ramsey Housing Committee: <br /> <br />The Ramsey Housing Committee will be meeting for the first ti'me on Thursday, January 16, <br />2003 at 3:30pm. Staff will provide updates on the issues and projects the Committee addresses. <br /> <br />27 <br /> <br /> <br />