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received some of the customer surveys and customer spotting information and as a result they have identified the Rum River Commercial Retail Node trade area. Mr. McComb explained the scope of the study that is in progress and stated that the first draft should be completed in approximately four weeks. Associate Planner Wald advised that it was the consensus of the business leaders that they should submit a formal request to the City Council asking that a feasibility study be completed for extending municipal sewer and water to the subject area. The letter requesting the feasibility study will most likely be submitted to staff sometime during the month of May. The business group is also interested in the results of the McComb study. Staff collected names and phone numbers of those in attendance so that communication can continue with this group regarding the future of their retail node. Staff anticipates that the fi~st draft of the redevelopment study will be available to the EDA at their June meeting. Administrator Norman discussed getting easements through wetland. He stated the cost would be lower running the sewer and water through City land. He felt the feasibility study would give them cost and desirability information. Administrator Norman stated he did not think work could be done this year. He also mentioned the Met Council's involvement. Administrator Norman also talked about the need to make design changes to the golf course in the subject area. He also felt a new clubhouse with banquet facilities was needed and townhouses could be built on the golf course. Member LeTourneau stated that, before customer growth changes could be detem~ined, customer base and spotting information would need to be pinpointed. Administrator Norman stated Anoka County has initiated a study in the area to determine the feasibility and market demand for senior housing in the subject area. He felt that Ramsey contained a good example of an active senior community. Case//4: Staff Update The EDA reviewed the staff update. TIF Specialist Sullivan stated that the owners of the Chies property have been asked to remove equipment and clean the site. Otherwise, the cost of clearing the site would be deducted from the amount they would receive. He gave an estimate of $40,000 to $50,000. TIF Specialist Sullivan also stated the appraisal for the Mort'ell property came in at $265,000. He suggested a price of $220,000. It was stated the purchase agreement should be drafted sometime this week or next week. A response will be requested sometime in June. There was discussion regarding the lot where Rum River Dental Creations will relocate in Sunfish Lake Business Park. Chairperson Riley asked about the number of jobs that would be created. TIF Specialist Sullivan stated 7 or 8 jobs would be created. Economic Development Authority / May 12, 2003 Page 3 of 5