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Drafted by Patrick Brama, Adopted XX/XX/2013 <br />PARAMETERS <br />Listed below are a number of parameters intended to develop a clear, consistent, transparent and fair <br />process the City, prospective developers, property owners and Staff can rely on as proposals and <br />inquiries are received. <br />A. City Land Acquisition: The City does not support purchasing property to redevelop the <br />167/47 retail node. <br />B. Marketing: The Ramsey EDA is interested in the idea of facilitate a professional <br />marketing package for the 167/47 retail node to entice redevelopment/investment; <br />which would include: <br />I. Information matrix: asking prices, County valuations, tax information, utility <br />information, ownership buy -in, maps, current zoning information, future land <br />use information, etc. <br />II. An inventory of what City and State financial assistance options exist for a <br />potential redevelopment project. <br />III. Professional material developed in partnership with the City and proactively <br />marketed by a third party broker. Broker will be chosen by ownership group. <br />The City will not be responsible for broker fees. <br />IV. List of desirable uses (i.e. retail and wide range of residential); and, other <br />allowable uses (i.e. compatible to surrounding residential) <br />C. Zoning: <br />erThe City would support a Comprehensive Plan and Zoning Amendment to allow <br />retail or residential (of the appropriate density that balances compatibility of the <br />surrounding area and market viability) land uses at 167/47 Node. <br />II. The City does not support a Comprehensive Plan and Zoning Amendment for <br />tithe 167/47 Node to allow warehouse and/or light manufacturing land uses. <br />III. The Planning Commission will review requests for additional Permitted or <br />Conditional Uses. <br />D. City Financial Tools: <br />I. The City has a number of financial assistance programs potentially available for <br />qualified redevelopment projects; including <br />i. Redevelopment Tax Increment Financing District (TIF) <br />ii. Tax Abatement <br />iii. Ramsey EDA Fund and Revolving Loan Fund (RLF) <br />Policy for Guiding Development Participation: 167/47 Retail Node Page 2 of 5 <br />