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Management Analyst Brama advised that an event flyer has been created for the annual EDA <br />business expo scheduled for Saturday, May 4th, and 9,000 flyers will be sent to everyone on the <br />Ramsey Resident list. He stated that mobile signboards have been ordered and the expo will be <br />advertised in the Ramsey Resident, on the COR sign, as well as Facebook and the website. He <br />added that 25 exhibitors have registered for the business expo. <br />15153 Nowthen Boulevard, Old Municipal Center <br />Management Analyst Brama reported the City Council would be reviewing this case on March <br />12, 2013. He stated staff is in the process of obtaining an appraisal on the two parcels. <br />Member Riley asked if the appraisal was a requirement of the shovel ready program. <br />Management Analyst Brama explained that staff feels it would be ideal to have a market value <br />versus the County value in order to update the cost benefit analysis. He added that it was also <br />desirable to have a listing price available as part of the shovel ready program. <br />City Administrator Ulrich stated it would be to the City's advantage to obtain a current market <br />value so that the City has a benchmark in terms of any subsidies provided on the land in the <br />future. He added that the appraisal will likely come in higher than the County which is to the <br />City's advantage. <br />8020 147th Avenue NW, Nordvick Property <br />Management Analyst Brama advised that the City is waiting until spring to make sure the turf <br />has established before releasing the remaining money to the contractor. <br />Chair Steffen asked if the City has had any discussion with the surrounding properties. <br />City Administrator Ulrich stated that negotiations with the property to the south are complete and <br />the agreement will be approved by the City Council. He stated that no discussions have taken <br />place with the property owner to the west and the City has not made any outreach to consolidate <br />the parcels at this time. <br />Chair Steffen asked if it was correct that the City would not market the Nordvick property until <br />the City had a better idea about the entire block. <br />Management Analyst Brama stated this was correct and added this could be added as a priority <br />on the EDA's work plan. <br />Chair Steffen stated he felt this should be a priority. <br />Annual Business Appreciation Golf Tournament <br />Management Analyst Brama stated that the Annual Business Appreciation Golf Tournament is <br />scheduled for Tuesday, August 20th, at Northfork; further details will be provided at a later date. <br />Business Retention & Expansion Program <br />Management Analyst Brama stated that the City Council received a copy of the 2012 Business <br />Retention & Expansion Program Report and the 2013 Program will begin in April. <br />Economic Development Authority/March 7, 2013 <br />Page 2 of 6 <br />