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