Minutes - Economic Development Authority - 02/13/2014

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Development Services Manager Gladhill indicated that Mr. Pearson has a lot of pride in his property and wants to make sure it represents a good community asset and matches the needs of the community, adding that he felt Mr. Pearson would be open to further discussion. Member Riley asked if Bunker Lake Boulevard would need to be upgraded and the cost to get utilities to this area. Development Services Manager Gladhill stated that engineering staff are working on this, adding that the first step is to better define the land uses in the area and running traffic numbers to make sure there is adequate capacity. CBRE, City of Ramsey's Preferred Broker Assistant to the City Administrator Brama advised that staff met with CBRE this week to discuss phase 1 listings, which includes 17 listings for a total of approximately 30 properties. Greater MSP Lead Response Economic Development Manager LaFrance advised that staff has learned that Lead #200 is looking elsewhere for a site, possibly in Blaine. Former Amoco Station (5195 NW 142nd Avenue) Economic Development Manager LaFrance stated that a meeting is scheduled for today with a potential buyer and noted this property includes restrictive covenants regarding use of the property that significantly limits what can go on the site. Casey's General Store Economic Development Manager LaFrance stated the City received a letter of interest for this site and Casey's is in the process of preparing a Purchase Agreement for the site. Armstrong Interchange Development Services Manager Gladhill advised that 60% plans have been submitted and it is anticipated that 95% plans will be completed by the end of March. He stated the City's legislative team is working on funding and the project appears to be gaining traction at the legislative level. He presented several diagrams of the bridge concept and stated a lot of final design choices and structural design decisions will occur in the next few weeks. Sunfish Express Economic Development Manager LaFrance stated the City received notification that Sunfish Express will be closing and the HRA has indicated it would like to discuss this in the near future. Member LeTourneau felt it might be worthwhile to prepare a statement of goals for this site similar to what was prepared for the 167/47 commercial node. Member Riley stated that the medians are an issue in this area and added that the possibility of closing the only access to this site will create significant challenges for the property. Economic Development Authority/February 13, 2014 Page 5 of 7