Agenda - Council - 03/10/2015 - Laserfiche WebLink

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OUTSTANDING ITEMS: Listed below are two items the EDA wished to review/resolve before moving forward with the professional services outlined in the attached RFQ (and Bolton & Menk response). (1) Analyze effect of nearby train tracks on potential business park users. Identify who the "target market" is for the City's future business park. Will our target market conflict with the nearby train tracks? Will our target market have a demand for the proposed new future business park (i.e. confirm this location is market relevant)? This work has been completed and is attached to this case. Mike Mulrooney presented this information to the EDA on March 05. In summary, the "target business type "for the new Ramsey business parks will likely be manufacturing (#1), assembly and warehouse users coming from Anoka County. Generally speaking, the new Ramsey business park can accommodate all identified target users. However, it should be noted, the nearby BNSF train tracks will effect precision manufactures up to a distance of 100 yards. With that in mind, sufficient space exists for precision manufacturers outside of the 100 yard setback area; and precision manufacturers' concerns RE vibrations from trains can be mitigated via certain building construction techniques. (2) Are the two major benefiting property owners willing to share in the cost of the traffic impact study, feasibility report, and preliminary design layout of infrastructure improvements? Attached to this case is a cost -share agreement developed by the City Attorney and reviewed by the EDA. Both major property owners have verbally committed to this agreement. Funding Source: The City/EDA sold a piece of property to Diamond Graphics in 2013. Land proceeds from that sale were deposited into a "TIF Account" (specifically, TIF Account #1). Land proceeds were $407,876. Since 2013, the City spent $91,300 of TIF Account #1 dollars on burying Connexus electrical services in the future business park area. As a result, the City/EDA has a balance of $316,576 to work with. Staff recommends TIF Account #1 dollars be utilized for this work (and potentially future work on the business park). This strategy will allow the EDA's other (less restricted) funding sources to remain in play for future projects. Attached is the EDA budget dashboard. Recommendation: EDA Recommendation: (1) Authorize Bolton and Menk to complete the work outlined in the attached proposal ($38,860 proposal price, TIF Account #1 Funding Source). (2) Authorize the attached cost -share agreement with Hageman Holdings and Pearson Properties for work outlined in the attached proposal. General EDA Comments: • The completion of this study is an important step in developing a cost -benefit analysis for the future business park. In other words, it will help the EDA answer the following question: is the proposed future business park worth the investment of City resources? • The EDA generally accepts the attached report completed by ACG Consulting. • At the February EDA meeting, the EDA reviewed RFQ responses from four different firms. The EDA decided to move forward with the Bolton & Menk proposal; and eliminate other candidates. Action: MOTION TO: (1) Authorize Bolton & Menk to complete the work outlined in the attached traffic analysis and feasibility study proposal. -and-