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EDA Updates 05082014 <br />(1) Expo Date <br />Update <br />Please see the attached "Business Expo Recap" document for a more thorough update /pictures. <br />Staff feels the Business Expo was successful. The addition of drapery walls dividing the expo hall <br />were applauded by the exhibitors. Staff is concerned the Business Expo may be outgrowing its <br />space. <br />(2) Old Municipal Center Site Development <br />Update <br />Please see the corresponding case re: Old Municipal Center. This case will be presented by Mr. <br />Patrick Brama, Assistant to the City Administrator, the project lead. <br />(3) Prospect Updates <br />Staff has been and will be reaching out to existing and potential prospects (existing businesses) in <br />conjunction with the BR &E effort. <br />Prospect Alpha — MMI Precision <br />MM I Precision has submitted site plans for review for a roughly 6,500 sq. ft. facility to be attached <br />to their existing structure. This move is to satisfy space requirements in the short term. Future <br />needs are projected to include up to a 100,000 sq. ft. facility. Staff is working diligently in moving <br />forward plans for a future business park to accommodate this user as well as others that have <br />indicated space requirements. Securing a location for a future business park is a high priority of the <br />EDA; to ensure retention of these valued businesses and to offer space for relocations /start -ups in <br />Ramsey. <br />Update <br />A request for site plan approval for a building expansion is being brought to the Planning <br />Commission on May 1S Staff is recommending approval. <br />Prospect GLE <br />A manufacturing business currently located outside of Ramsey has inquired on relocating to <br />Ramsey. Staff has encouraged Prospect GLE to connect with their current community; inform them <br />of their needs /plans. Prospect GLE is seeking a roughly 15,000 sq ft building to be owned by the <br />business. Prospect GLE has stated ownership of the building will reduce unnecessary constraints on <br />their cash flow. Staff provided a holistic response to the inquiry including 4 site proposals, property <br />tax estimations and comparisons and estimated development fee calculations. Prospect GLE <br />expressed thanks for a timely response. The prospect is currently working with a local design -build <br />firm for analysis on construction of a roughly 15,000 sq ft structure on EDA owned property on <br />141St /Basalt. Engineering and Planning Staff have met with the design -build firm. <br />Communications are continuing between Prospect GLE and a local design -build firm. The design - <br />build firm is in the process of finalizing a bid for the prospect. It is noteworthy that the subject <br />property (when considering storm water management needs, loading docks, parking, etc.) is <br />capable of supporting a building roughly 12 -13k sq. ft. in size. Prospect GLE, to date, has not stated <br />