Agenda - Planning Commission - 09/04/2014

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have gathered public input throughout this process. Comments are due on these draft rules by August 15, 2014, prior to the draft rules being finalized and brought to an official comment and review period later this fall. For more information, visit www.citvoframsev.com/shoreland. Active Agreements Thus far in 2014, the City and HRA have entered into four (4) purchase agreements (PAs) for various developments, most focused in The COR with one PA at 5195 142nd Ave NW (Old Amoco Site). These active agreements total $3,078,789.60 in scheduled land sales. • CommonBond; development of a transit oriented, affordable apartment complex consisting of 47 units This development will be located between the Residence at The COR and Coborn's. • Casey's General Store; development of a convenience retail gas station at the SW intersection of Ramsey Blvd. NW and Sunwood Dr. NW. • Imperial Development; this development will consist of a dollar store concept located at 5195 142nd Ave NW. This site is commonly known at the Old Amoco sit. • PSD LLC; this development may consist of approximately 230 market rate apartments and a possible 3-5 story hotel complex or office/retail complex. Property Sold To date in 2014, The City and HRA have sold 6 residential lots. These properties were identified as surplus property and subsequently sold, as are the above active agreements scheduled to. Four (4) of the lots were located near North Commons Park in The COR. The remaining lots were located along Rivlyn Drive and 178th Ave NW. These land sales totaled $229,830. Additionally, the City's HRA also completed a land sale transaction with McDonalds USA, LLC. McDonald's has indicated that they plan to commence construction on their new facility to coincide the opening of their new location with the completion of the Armstrong Interchange anticipated in 2016. Active Business Expansion Proiects These projects identify businesses that are actively working with the EDA on future expansion needs. Project Red, Project Cycle, Project 80, Project Shape and Project Iron equate to a possible addition of at least 114 jobs, 228,000 square feet of space and an estimated (low estimate based on $50/sq ft. construction costs) $11,400,000 of investment in Ramsey —just for the buildings. Advertising The EDA identified marketing the community as a priority in their 2014 work plan. On August 21st a Finance and Commerce advertisement will feature the success we've been witnessing here in Ramsey. This article will focus on Transit Oriented Development across the metro and will spotlight our movement forward as a community. Business Retention and Expansion The EDA, as a part of their 2014 work plan, identified the need for continuous business visits —to meet our businesses, understand their needs, thank them for their investment and gather insight on how we are doing as a community. After all, the City's product is the community and we want to ensure our businesses are satisfied with that product. To date, since the start of 2014, the EDA has been out on 12 specific visits. This effort is continuous and revolving meaning the EDA will always be out visiting business —if you'd like a visit, let us know! For more information on these projects, or any other development related projects, please contact us at 763-433-9824 or visit www.citvoframsev.com /DevelopmentUpdate.