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4. EDA BUSINESS 4.01: 2015 Annual EDA Business Expo Economic Development Manager /Assistant City Administrator Brama presented the staff report. Member Skaff stated that the event does work and noted that he built a patio in his backyard which arose from discussions with a vendor at the event. He stated that perhaps the fee to join the event should be $50 for Ramsey businesses and $65 for those outside of Ramsey. Chairperson Steffen questioned if vendors have been turned away from the event and whether the fee has ever been raised. Economic Development Manager /Assistant City Administrator Brama stated that they do not turn away Ramsey businesses but they do turn away approximately 10 potential vendors /crafters each year. He stated that the fee had not been raised in the past three years but acknowledged that an increased budget could assist in marketing efforts. Chairperson Steffen believed that increase to $50/$65 would be fair. He questioned if BOB FM had been brought in to increase marketing. Economic Development Manager /Assistant City Administrator Brama confirmed that staff could reach out to BOB FM for the event. Chairperson Steffen stated that perhaps "fifth annual" or whatever the year may be should be included on the event marketing 4.02: Review Future Business Park RFQ and Updates Economic Development Manager /Assistant City Administrator Brama presented the staff report. He reviewed the recommendation from staff for the EDA to narrow the two finalists down to one and noted that staff is recommending to choose Bolton and Menk. He stated that both groups are qualified but noted that Bolton and Menk stood out because of the amount of background information they gathered and the detailed information they provided. He noted that Bolton and Menk also have a lot of in house experts while the other candidate would have to go outside of their company to receive that expertise. Chairperson Steffen questioned where the range of 40 to 60 percent sharing for the landowners was derived from. Economic Development Manager /Assistant City Administrator Brama advised that calculation was taken from another road improvement project along Bunker Lake Boulevard. Chairperson Steffen stated that perhaps one third from each of the three landowners would make sense. He questioned if a train track study had been conducted with any of the other tenants in the area such as the VA. Economic Development Authority/February 5, 2015 Page 2 of 7