07/09/15 - Laserfiche WebLink

Home

were to demolish the property they still need to use the higher base value. Member Riley stated in the short term the City gets an expansion and a cleanup of the site and in the future an expansion on that site as well. Chairperson Steffen stated he saw no reason not to begin the process because he thought Healthquest was one of the last eyesores in the City and Life Fitness is one of the largest employers in the City. Motion by Member Skaff, seconded by Member Burandt, to recommend to the City Council adopt Resolution #15-07-171 to call for a public hearing on August 25, 2015, to modify Development District 1, create TIF District 15, and award a business subsidy; to recommend City Council adopt Resolution #15-07-172 declaring the City of Ramsey's support of applying to the State of Minnesota Department of Employment and Economic Development Job Creation Fund program; to direct Staff to accept a business subsidy application from Life Fitness and begin underwriting; and, recommend the City . Council execute the LHB contract for State required TIF District analysis; subject to review and amendments by the City Attorney Motion carried. Voting Yes: Chairperson Steffen, Members Skaff, Burandt, Brunt, Hardin, Riley, and Williams. Voting No: None. Absent: None. 4.02: Review Future Business Park Infrastructure Analysis Preliminary Report Economic Dev. Mgr/Assistant City Administrator Brama presented the staff report. Representatives Kevin Kielb and Brian Nemeth from Bolton & Menk made a presentation to the EDA. Chairperson Steffen thought the presentation was well done and what was needed to move the project move forward. He only wondered how they can compete with a city adjacent to them that is almost giving land away and thought this was something they needed to address. Member Riley thought this was exactly what they needed. If they add up the phases it comes to $6.4 million and he wondered if this made sense in thinking this is where they would end up. Economic Dev. Mgr/Assistant City Administrator Brama stated a lot of the costs are covered through development fees. He stated the next question is how they will pay for it. Staff knew this would be expensive and be in the millions and he thought this could be a challenge to overcome. Chairperson Steffen asked if the amenities needed to be installed before companies will look at this area. Mr. Kielb stated they have a little bit of advantage because they work in other communities and can find out what the other communities are doing. He stated they have to understand what developers are looking for and are saying about other cities and go from there. There is a lot of the infrastructure in place already. He stated they will need to work back and forth between developing and paying for the infrastructure. He thought the first phase was good to go and they could hold off on developing the other phases because he did not think they would need all of the road improvements at this time. Economic Development Authority/July 9, 2015 Page 3 of 6