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Section 2: Proposed Redevelopment Summary <br />1. Size of Project Area* <br />2. Proposed Redevelopment: <br />Describe the likely use of the site after environmental investigation and cleanup is <br />complete. At a minimum, include the proposed land use(s). In addition, include available <br />estimates of square footage expected to be under construction within three (3) years or <br />less. For redevelopment projects with a residential use, also indicate the expected <br />number of units including any affordable units. <br />21.28 acres <br />The City of Ramsey completed a municipal owned land inventory exercise in in early 2012. The <br />purpose of this exercise was to identify a list surplus City owned properties which are no longer <br />needed for current or future City functions. The City reviews said list of surplus properties for <br />consideration of sale. The ultimate goal of this process is to reduce the number tax exempt <br />properties in the City of Ramsey. <br />The Subject property was identified as unneeded for current and future City functions; and <br />therefore has been determined as surplus City owned land. <br />After clean up, this site will be used for a market rate single family residential development. The <br />City estimates this site could be subdivided to allow for 47 single family homes to be placed on <br />quarter acre lots. Included in this application is a residential development concept for the site; <br />which gives a clear picture of what the proposed development would look like. <br />This site is surrounded by single family residential units, it is located next door to Ramsey <br />Elementary School, is connected to a number of parks by a network of trails, is located two miles <br />from Ramsey's urban transit oriented development (The COR) and has easy access to a number <br />of major roadways. In the past 10 years, no other City in Anoka County has added as many <br />residents as Ramsey. The City expects this trend to continue. Therefore, the City is confident <br />this site could be fully developed in three years. <br />Units are expected to be 2,100-2,400 square feet (building footprint) each. The City predicts a <br />number of units will be affordable housing as outlined in this application ($177,500 or less). Said <br />specifications match existing surrounding single family residential neighborhoods. However, the <br />City is not is a position to `guarantee' what a future developer will build; and where market prices <br />will be. <br />This 21 acre site has been tax exempt for about 40 years; a major impetus for this project is to <br />get this property back to a taxable status. <br />2 <br />