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MEMO <br /> <br />DATE: <br /> <br />TO: <br /> <br />FROM: <br /> <br />RE: <br /> <br />July 8, 2003 <br /> <br />Economic Development Authority (EDA) <br /> <br />Megan Wald and Sean Sullivan <br /> <br />Staff Update <br /> <br />August EDA Meeting: The August EDA meeting will be cancelled due to the Business <br />Appreciation Day being held on Tuesday, August 19th. Please plan to attend, at a minimum the <br />dinner and awards ceremony starting at 5:30pm. <br /> <br />Business Appreciation Day: Business Appreciation Day inVites were sent out on Monday, June <br />20, 2003. Please return your registration forms or call Megan Wald as soon as possible with your <br />attendance availability. Staff will need to know as soon as possible who will be participating in <br />the golfing event and who will only be attending the dinner portion of the day. <br /> <br />Business Tour: The first Business Tour was a great success. Four businesses were toured <br />between 1:00pm - 4:00pm. Staff sent out thank you cards to each business toured extending the <br />EDA and City Council's appreciation for taking time to allow the City of Ramey to-visit their <br />facility. A thank you was also sent to LeToumeau's SuperValu for hosting a wonderful lunch <br />prior to leaving on the tour. Staff received great feedback from the businesses and from City <br />Council members. The EDA may want to discuss at a future meeting whether they would like to <br />continue touring businesses and hsw often. Staff would Suggest at least once a year during the <br />fall months. <br /> <br />Community Development Block Grant redevelopment (Chics/Morrell): Larry Morretl, from <br />Morrell's Trucking has accepted the offer by the City to purchase his property for $265,000. <br />Discussions continue with Lorraine Chies, and her son Don, to finalize the terms of the purchase <br />of their property. Once the properties are acquired the City will have one year to demo and <br />conduct site improvements to clean up the sites. <br /> <br />Precise Metalcraft: DeWayne Muschik has put a down payment on property in the City to <br />construct a manufacturing facility. Staff is drafting a development agreement and is still waiting <br />for elevations and a site plan for the 11,000 S.F. project to be constructed this summer. <br /> <br />Prospective Businesses: Inquiries have accelerated over the past couple of months. Many of the <br />inquiries are for projects that range in size from 8,000-15,000 initial building sizes. The re- <br />platting of a portion of Sunfish Lake Business Park and the pending acquisition on the Chies and <br />Morrell properties should accommodate the need for the smaller lot sizes needed by the <br />prospective businesses. <br /> <br />11 <br /> <br /> <br />