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d. *Subject to change, per the OMC study group. <br />(3) COR Apartments <br />Staff has a meeting set with COR Apartments on Monday, December 16th. Current leases: 74 at <br />above pro -forma rates. <br />(4) Sophia -Ramsey Agreement Termination Request <br />Please see agenda as this item requires action. <br />(5) Prospect Updates <br />Diamond Graphics <br />LAST UPDATE: DECEMBER <br />Diamond Graphics purchased a 4.8 acre City owned parcel for $410,000 in July 2013 for the <br />purpose of expansion from their existing site located at 14280 Azurite St NW. All walls and roof of <br />the new 30,000 sq. ft. structure are up at this time, as planned. <br />Prospect Alpha <br />LAST UPDATE: DECEMBER <br />A small sized Ramsey precision manufacturer is experiencing significant growth and is looking to <br />expand at their existing location in 2014. However, due to size limitations of their existing site, this <br />manufacturer is also looking for a long term solution. Staff is working with this prospect to provide <br />options for expansion on their existing site as well as other locations in Ramsey. NOTE: Staff has <br />worked with this prospect multiple times over the past few years. This prospect has indicated <br />interest in utilizing State and City loan funds for the purchase of a 5-axis CNC machine. Prospect <br />was offered assistance in filling out the applications (walking them through the process) — <br />applications were provided. No feedback to date. <br />(6) Business Retention & Expansion Program <br />Update <br />Police Department continues to visit businesses. With additional staff in the capacity of an EDA <br />Manager, BR&E activities will commence in January 2014—and have begun informally. I am <br />proposing utilizing Greater MSP's program for use of their Salesforce system (aggregate data, trend <br />mapping, potential project management components as well). Use of this system not only is free, at <br />this time, but benefits our community through proper database management and provides regional <br />data utilized to drive strategic economic development initiatives (which sectors to target, issues to <br />correct, funding needed through DEED, legislative adjustments, etc.). Questions to be asked will be <br />a combination of our existing questions and Greater MSP's. This objective is an effort to streamline <br />our efforts and strengthen the relationship with Greater MSP and their team (business investment <br />team as well). Staff will showcase Greater MSP's system and resources at the meeting. <br />