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building. He stated the City recently demolished the property located adjacent to the EDA property known as the Schmidtbauer property, which is part of the Armstrong realignment. Management Analyst Brama suggested holding the 2013 business expo on Saturday, May 11, 2013. Member Skaff noted that that weekend is the fishing opener and suggested holding the annual business expo on Saturday, May 4tn Management Analyst Brama agreed to schedule the 2013 business expo on Saturday, May 4, 2013. Member Skaff requested an update on the COR. City Administrator Ulrich advised that both McDonalds and SuperAmerica are planning to begin construction in the spring and are moving through the final document phases. He also advised that the Ramsey Raceway at the corner of Armstrong and Highway 10 requested an amendment to the lease to coincide with its interim use permits and wanted to eliminate the early -out clause. He explained the discussion held at the City Council regarding the early -out clause and stated the road is the driving factor; the City Council postponed action on this item until January. City Administrator Ulrich provided an update regarding rail ridership and stated the average ridership is 260/day, which exceeds the 230/day bus ridership at this station. He also provided an update regarding a virtual library facility proposed by the County Library system that would be housed at City Hall. He stated services would include book checkout and drop-off and a vending machine where people could download books. He stated this virtual library system would expand the library's reach and provide an additional level of service to the City's customers. Member Skaff encouraged staff to continue to press legislators regarding the Highway 10 issues. City Administrator Ulrich indicated there was a lot of interest expressed at the recent meeting with legislators in doing something with Highway 10 and legislation was authored to provide $17 million for the Armstrong interchange project. He added that Mn/DOT is doing a study that will identify the more immediate safety concerns. Member Steffen requested an update regarding a potential senior housing project in the COR. City Administrator Ulrich advised the parties have until December 15 to let the City know which site they are choosing, either the site on the corner of Ramsey Boulevard and CSAH 116 or a site located on the interior of The COR near Center Street. He stated the development on the north side of Bunker Lake Boulevard north of The COR is scheduled for spring construction. He reported the City received a $600,000 grant from the Met Council for construction of Center Street as well as a $100,000 grant to plan for walkways and pedestrian access across Highway 10 to connect to the rail station. He added the Diamonds property and Hope Fellowship property have been put under contract to purchase which will result in one consolidated parcel of land. Economic Development Authority/December 13, 2012 Page 4 of 6