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Stn If the Council does give them the nod then the EDA will need to review this and put together <br />a recommendation for the City Council. <br />Chairperson Steffen asked why the project has not moved forward. <br />Econ. Dev. Mgr/Assistant City Administrator Brama stated the reason the project has not moved <br />forward is by choice from PSD, LLC, and not by lack of City support or cooperation. Their <br />proforma came in lower than what was expected and they have chosen to stop the project. One <br />of the major costs miscalculated was fill for the project along with construction costs. They are <br />at a point now that they are pumping the brakes on the project until .they hear from the City as to <br />whether or not the proforma can be subsidized so they can move forward with the project. They <br />do not have a building permit today. There plans are completed for the project and they are <br />ready to go but financially they are on pause right now. <br />Member Skaff recommended if there needed to be a special meeting he would be in favor of that <br />to keep the project going. <br />Econ. Dev. Mgr/Assistant City Administrator Brama stated the other update for the group is they <br />authorized training for him through the National Development Council. Previous to this year all <br />of the training took place nationally around the County and next year it is available in <br />Minneapolis. There will be an update in the budget to reflect the decrease in funds needed. <br />Member: Riley stated the Super Value sign is being taken down. <br />Member Burandt stated Minnesota Marketing Partners will behaving a fan tour for members. <br />There will be a helicopter flight showing the region and he will be sure to point out Ramsey. <br />City Administrator Ulrich updated the Board on activities happening in the City. <br />6. ADJOURNMENT <br />Motion by Member Steffen, seconded by Member Skaff, to adjourn the meeting. <br />Motion carried. Voting Yes: Chairperson Steffen, Members Skaff, Burandt, Brunt, Riley, <br />Williams. Voting No: None. Absent: Member Hardin. <br />The regular meeting of the Economic Development Authority adjourned at 9:12 a.m. <br />Respectfully submi <br />Kurds G. Ulrich <br />City Administrator <br />ATTEST: <br />Economic Development Authority/September 3, 2015 <br />Page 6 of 7 <br />