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Councilmember Riley aye <br />Mayor Strommen abstained <br />Motion carried. <br />Mayor Strommen rejoined the Council. <br />7.03: Receive CBRE Updates and Consider Update Pricing Table for City Owned Land <br />(Portions of this case may be closed to the public) <br />Asst. City Administrator/Economic Development Manager Brama reviewed the staff report. <br />Richard Palmiter CBRE, provided an update on the current activities in the market. He noted <br />that the trend in retail is to infill smaller users. He advised that restaurants are tending to reuse <br />existing space rather than build new because of the costs. He provided an update on industrial <br />and residential trends as well. <br />Councilmember Williams asked how the City can be in the best position to favorably keep <br />potential buyers interested and moving forward. <br />Mr. Palmiter stated that the Council needs to give clear direction to staff to ensure that can <br />happen. <br />Councilmember Riley referenced the issue of rooftops and asked how the additional residents <br />would make a difference when the 8,000 existing residents are not making the difference to bring <br />in restaurants and retailers. <br />Mr. Palmiter stated that companies look at the activity within a city and determine if they can <br />add to what is going on and whether the demand supports the activity. He stated that he emailed <br />a potential client to highlight the activity within Ramsey, as businesses like to catch a city on an <br />upward swing. He stated that there used to be a rule of thumb that a certain number of <br />households would attract a certain retailer, but noted that varies by user. He stated that if <br />someone is interested, staff should clear their desk and pay attention. <br />Mayor Strommen stated that the next phase of the discussion would be regarding the pricing <br />table and should be discussed in closed session. <br />Asst. City Administrator/Economic Development Manager Brama stated that the Council has <br />given direction to staff to remove unknowns and give priority for shovel ready status projects. <br />Asst. City Administrator/Economic Development Manager Brama advised under Minnesota <br />Statutes, Section 13D.05, Subd.3, the meeting can move into Closed Session to discuss CBRE <br />updates and consider update pricing table for City owned land. <br />Motion by Councilmember Shryock, seconded by Councilmember Kuzma, to move to Closed <br />Session to discuss the pricing table for City owned land. <br />City Council / September 8, 2015 <br />Page 5 of 6 <br />