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Update Staff worked internally to develop preliminary concept plans of the park to demonstrate to the Planning Commission the viability of the park. These concepts were also used in conversations with various leads when discussing future development options in that area. Community Development, Economic Development and Engineering recently sat down to further discuss the concepts and utilizing them to assist in traffic analysis, housing forecasts (plays into infrastructure needs in the area) and needed infrastructure, infrastructure costs, etc. These concepts will be provided to a professional firm to determine traffic counts and subsequently capacity needs for infrastructure (roads, water, sewer, etc.). Market demands are indicating the need for various sized buildings 30- 100k square feet in size, which is in line with the concepts Staff are using to move park planning forward. Council approved the Comprehensive Plan Amendment and it is out for adjacent jurisdictional review. A zoning amendment is the next step in the process that will run concurrently with review by the Met. Council. Once word is received from the Met. Council and approval is granted by the Council, the Business Park is officially set for projects. Given the simplicity of the amendments, a project could come forward today for development in the park —given the timing for a project /building to be finalized, these processes can run concurrently. (6) CBRE, City of Ramsey's Preferred Broker Staff continues to communicate with CBRE on a frequent basis. Many of the aforementioned "prospects" are the work of CBRE. Staff has been provided a detailed listing update by CBRE detailing the contacts and progress they have made in marketing our parcels. Please contact Ted for additional information; CBRE's monthly update is confidential as it details specific contacts, terms, etc. Update CBRE has now listed the Old Muni Center, Nordvick and Schmidtbauer properties. (7) Casey's General Store The City received a letter of interest (LOI) from Casey's General Store for purchase of property in the SW quadrant of the Sunwood Dr. and Ramsey Blvd. intersection. On January 14 the City Council made a motion to accept to the LOI and move forward with negotiations to craft a purchase agreement (PA) to be brought back for final approval. Staff has been working with Casey's to provide infrastructure information, development cost estimates, and design related information. Ramsey's City Attorney has directed Staff to allow for a purchase agreement to be crafted by Casey's. Review of the PA will start with internal Staff and be brought to Council at a future meeting for approval. 3/7/14 Casey's stated the PA is under construction —both Legal and Design Teams are reviewing the design standards (City Staff has had extensive conversations on design with Casey's) and will incorporate design /development details into the PA ensuring clarification of expectations for both parties. On May 27 the Ramsey HRA authorized entering into a PA with Casey's General Store. Casey's will be purchasing roughly 1.37 acres at the above mentioned intersection for $596,700, or roughly $10 per square foot. Staff is in the process of negotiating the final elements of the PA. Update