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March 8, 1993 <br /> <br /> FIELD <br /> <br />RESEARCH <br /> GROUP <br /> <br />Mr. Ryan Schroeder <br />City of Ramsey <br />15153 Nowthen Boulevard <br />Ramsey, Minnesota 55304 <br /> <br />CONTRACT FOR PROFESSIONAL SERVICES <br /> <br />Maxfield Research Group, Inc. proposes to provide market research and consulting <br />services on the potential for senior housing (designed for persons age 65 and over) in <br />Ramsey, Minnesota. The study will analyze growth trends and demographic char- <br />acteristics of the 65 and over population (including age distribution, household tenure, <br />income and housing values, if available) examine the housing alternatives and the <br />current market situation for senior housing in and near Ramsey, interview social ser- <br />vice workers, real estate agents and others familiar with seniors' housing and support <br />sendce needs to elicit their perception of the need for senior housing and the pro- <br />duct type most appropriate for seniors in Rarnsey. <br /> <br />Recommendations will focus on the number of units supportable in the area, type of <br />housing concept (unit mix and sizes, building features and services), locations and rent <br />ranges most approphate for the market. Marketing considerations and unit absorption <br />rate will also be addressed. <br /> <br />SCOPE AND COST OF SERVICES <br /> <br />Demographic Analysis <br /> 1. Define competitive market area (study area). <br />2. Examine population and household growth trends in the study area. <br />3. Review employment data and growth trends. <br />4. Analyze growth and age distribution of the 55 and over population. <br />5. Review household tenure data. <br />6. Analyze household income data, focusing on the 65 and over market. <br />7. Examine housing values, resale market trends (including real estate agent <br /> interviews). <br /> <br /> Cost: $1,600.00 <br /> <br />612-338-0012 <br />612-338-0659 FAX <br /> <br />620 KICKERNICK, 430 FIRST AVENUE NORTH <br /> MIN NEAPOLIS~ M1N NESOTA 55401 <br /> <br /> <br />