Agenda - Economic Development Authority - 05/08/2014

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preparing it for sale) and creating a RAP — Response Action Plan should contamination be found upon excavation that causes alarm (this is not expected). Staff is seeking assistance on the creation of that plan through a local firm involved in the project in the 2005 timeframe. The restrictive covenants attached to the property allow for very limited uses, until their expiration in 2020 at which point the property will be free from them. Staff is working to find out if removal of the covenants is an option. Staff is working with Prospect 47 on development of a retail store at 5195 142n Ave. NW (Old Amoco site). In addition, Staff is working with Prospect Sergeant on the development of an auto - related service center at the same location. Staff is in communication with both prospects. Prospect Sergeant's proposed plan requires removal of the covenants whereas Prospect 47's plan does not, it is an allowed use noted within the extensive restrictive covenants. Update Staff has connected with Northern Technologies, a local firm that worked on this project in the 2005 timeframe, to work towards creating a RAP (as described above) and seeking a Liability Release Letter from the MPCA. Prospect 47 has stepped away from the table at this time to focus on further development in the core Metro, with sights on Ramsey in the future. (4) Business Retention & Expansion Program (BR &E) EDA agreed to tap into the BR &E resources that Greater MSP has to offer — creating local efficiencies (recording, developing reports, tracking, etc.) and greater regional cooperation to drive economic development. Staff has started to combine Ramsey's specific survey with Greater MSP's for use in visits in 2014. A priority list of businesses has been created (prior to Ted's arrival). EDA requested EDA Members be involved in business visits. If you are available to attend the below scheduled visits, please connect directly with Ted LaFrance. Update Staff has created one survey for use in Ramsey for BR &E visits —the survey is attached for your review. The following visits are in the process of being scheduled, have been scheduled, or completed: • Ace Solid Waste; complete (need to meet with new principals) • Altron Manufacturing; complete • MN Tool and Die; complete • Dynamic Group Precision Molds /Molding; complete • B &F Fastener and Supply; complete • Waltek; complete • Wendells; complete • Anderson Dahlen; complete • Rotary Systems; May 14t at 10am (5) 167/47 Commercial Node Staff held an open meeting on January 16 at 6pm at City Hall in the Lake Itasca room. This meeting followed a previous meeting and extensive conversations with area residents and business owners. The expectation of the meeting was to gather additional feedback based on the "Statement of Goals" from area owners and the general public. Through discussing the Statement of Goals at the January 16 meeting, the next steps and /or projects were created to work towards solving