Agenda - Economic Development Authority - 11/14/2013

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Adopted XX/XX/2013 At this point, the City of Ramsey is not willing to fully fund a special sanitary sewer service line to the 167/47 Node. However, if a property owner (or developer) was willing to share the cost of extending sewer service, the City would be willing to discuss an agreement. NOTES: The cost of extending a special 8" force main sanitary sewer line to the 167/47 Node is estimated to be $1.5M. It is estimated, at full build out, the special 167/47 Node sewer trunk line would recapture $500,000-$750,000 in sewer trunk fees (based on 2012 adopted sewer trunk fees). Therefore, at full build out, a shortfall of $750,000-$1M in funding would occur. Additionally, extending an undersized, special, sanitary sewer line to the 167/47 node may result in extra costs (in the long run) if the City ever decided to serve the north east portion of the Ramsey with sanitary sewer service. Today, the City does have sufficient trunk fund dollars to pay for the 167/47 Node special sanitary sewer line. However, the City is planning for sanitary sewer service in three other future growth locations in Ramsey. Unlike the 167/47 Node, said areas do have sufficient forecasted development capacity to fully recapture the cost of proposed future sanitary sewer trunk lines, at full build out. PUBLIC INPUT: Two levels of public input were critical to this Statement of Goals: (A) Primary Property Owners; and (B) Surrounding Property Owners. A. Primary Property Owners: Primary property owners are outlined in Appendix B. The City does support facilitating an ownership meeting group to brainstorm options, share information and to investigate opportunities for redevelopment and additional uses that are compatible with the surrounding residential area. This effort will be led by the Economic Development Authority (EDA). The City desires a consistent, collaborative approach with a single voice amongst all property owners. Several separate messages per individual property owner is not a desired nor effective approach. The City has received direction from suiiuuiidiiig property owners to market the entire 167/47 Node as an opportunity to developers —rather than only marketing properties individually. Through the EDA, the City will explore options to support a joint marketing effort for the 167/47 Node. Policy for Guiding Development Participation: 167/47 Retail Node [DRAFT] Page 4 of 7