Agenda - Economic Development Authority - 07/11/2013

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Economic Development Authority (EDA) 4. 2. Meeting Date: 07/11/2013 Submitted For: Patrick Brama By: Kathy Schmitz, Administrative Services Title: Discuss Potential Future Industrial Park Land Background: Periodically, the City Council directs Staff to develop an inventory of surplus City owned land. The objective of developing an inventory of surplus City owned land is to identify properties that are underutilized; and unneeded for current or future City functions. Staff conducts this procedure as outlined in the attached policy for disposition of City owned land. The City conducted a land inventory in 2011-2012. In April, the EDA reviewed the 2011-2012 City Owned Land Inventory; at which time, Staff was directed to begin looking for sites that were available for a future industrial park. Purpose of Case The purpose of this case is to continue the May discussion of a future industrial park in the City of Ramsey. Observations: At the May EDA meeting, Staff reviewed all potential industrial park sites in Ramsey (please see attached reference map). Staff was directed by the EDA to further investigate all potential sites; with an emphasis on the following three sites: (1) Pearson Properties Site (north of U.S. Highway 10, generally west of Armstrong Boulevard) (2) Hageman Holdings Property (generally north of U.S. Highway 10, generally west of Armstrong Boulevard) (6) Minnesota Pollution Control Agency (MPCA) Closed Landfill Property (north of Sunwood Drive between Sunfish Lake Boulevard and Bunker Lake Boulevard) 1. Al Person Property Staff has worked with Pearson Properties, LLC regarding his potential industrial park site. The primary contact for Pearson Properties, LLC is Mr. Al Pearson. Pearson Properties owns about ninety (90) acres of land located on the north side of Highway 10 near the new Bunker Lake Boulevard extension and Puma Street. Pearson Properties is a willing seller; with an asking price of $65,000 per acre or $1.49 per square foot. Developing his property into an industrial park will require an infrastructure investment to extend sewer/water/road (preliminary estimation $780,000 for first project). The development as an industrial park will also require a Comprehensive Plan Amendment, followed by an official Zoning Amendment. As it stands today, the Pearson Properties site has a few different zoning classifications: R-2 Residential (Medium Density), R-3 Residential (High Density), and B-2 Highway Business (retail). Pearson Properties is in agreement he would be willing to support a Comprehensive Plan Amendment and Zoning Amendment on the property and actively market for an industrial park. 2. Hageman Holdings Property Staff has contacted Hageman Holdings regarding their 171.65 acres of land west of Armstrong Boulevard. The City did approve a Plat (ALPHA DEVELOPMENT) and site plan for a new campus for Legacy Christian Academy. Hageman Holdings has informed the City that it is no longer actively pursuing a campus for Legacy Christian Academy at this time, but still desires to develop a similar concept with a different user. Hageman Holdings is not willing to sell any of their property located on the north side of Bunker Lake Boulevard now, or in the near future (i.e. 2-4 years); as they still would like to see their site developed into a school campus on the site recently amended to Public/Quasi-Public and residential in the remaining areas, consistent with the current Zoning