Laserfiche WebLink
Ramsey Economic Development <br />2015 ACTIVITY REPORT <br />ECONOMIC DEVELOPMENT EVENTS <br />1. EDA Spring Business Expo <br />2. Ramsey Happy Days Festival, Business Expo <br />3. EDA Fall Networking Event <br />4. MN Marketing Partnership Familiarization Tour <br />5. EDA Business Appreciation Golf Tournament <br />6. Anoka Area Chamber Golf Tournament <br />7. Anoka County Developer/ Broker Event <br />8. Multiple Highway 10 Lobbying Tours <br />9. Armstrong Interchange Ground Breaking (December) <br />BUSINESS VISITS <br />Formal (3): Riverside Manufacturing, Waltek, Zero Zone <br />Informal (10): Life Fitness, Dedicated Networks, Molin <br />Concrete, RJM, JBT, All Seasons Garage, Sil-Pro, Country <br />Side Services, Sil-Pro, In'Tech, PSD LLC, M&G Trailer. <br />BUSINESS WELCOME BLASTS <br />9: Stoney River, The Lunch Box, USPS Mail Substation, <br />Molin Concrete, All Seasons Garage Door, China Dragon, <br />GNC, Country Side Services, Quality Forklift. <br />CITY OWNED LAND TRANSACTIONS <br />• PSD LLC ---$1.89M (13.97 acres) <br />• Common Bond ---$435K (1.85 acres) <br />• Casey's ---$596K (1.36 acres) <br />• GS Land ---$616K (14.86 acres) <br />• Meadow Creek ---$0 (land swap) <br />TOTAL --$3.58M GROSS (32.04 acres) <br />PROJECTS WITH CITY/ STATE INCENTIVES <br />• PSD LLC ---$500K FV TIF <br />• Life Fitness ---$350K FV TIF <br />• Life Fitness ---$441K FV DEED <br />• Dedicated Networks ---$130K FV DEED <br />• Dynamic Group ---$250K FV DEED <br />TOTAL --$1.672M FV, PAYGO <br />NEW CONSTRUCTION VALUES, MAJOR PROJECTS <br />• Dedicated Networks ---20K SF ($915K) <br />• PSD LLC ---121 Units ($13.9M) <br />• Common Bond ---47 Units ($7M) <br />• Casey's General Store ---5K SF ($2.3M) <br />• Life Fitness ---48K SF ($3.2M) <br />• NTI---2K SF ($150K) <br />• Coborn's---Remodel ($492K) <br />TOTAL --$28M New Const. Val. (Major Projects Only) <br />MISCELLANEOUS <br />1. Creation of business advocacy Group for <br />improvements to U.S. Highway 10. <br />2. Now leading communication efforts to businesses <br />effected by construction projects: Armstrong <br />Interchange Project and Highway 47/142nd Ave <br />Project. EDA authorized marketing blast RE Armstrong <br />Interchange in November of 2015. <br />3. Drafted and executed 13 lease agreements/ <br />amendments for City owned properties along U.S. <br />Highway 10, for use of City owned land in connection <br />to various construction projects, and for use of the <br />City's former municipal center campus. <br />4. Closed out F&C (Residence at The COR) agreements; <br />and transfer to Weidner Properties. <br />5. Future Business Park: completed infrastructure study <br />and economic development study (December/ <br />January). Next step, policy discussion/ direction. <br />6. Old Municipal Center: phase one sold, and currently <br />under development. Phase two requires demolition <br />and site cleanup -expected to be ready by summer <br />2016. Demolition will likely be funded by the Anoka <br />County HRA. <br />7. Future public works space needs analysis completed; <br />which may have an effect on the future business park <br />discussion due to excess land that will be available for <br />redevelopment. <br />8. Replaced COR real estate signs. <br />9. Development of in-depth COR article began in <br />December. <br />10. Development of Highway 10/ RALF fact and FAQ <br />began in December. <br />11. 167 Avenue/ Highway 47 EDA Workplan item dropped <br />(consider grant program). <br />12. Spring Business Expo EDA Workplan item discussion <br />initiated. Was requested to be brought back for <br />further discussion. <br />13. EDA began sponsoring the Anoka Area Chamber of <br />Commerce, Manufacturers Coalition. <br />14. New TIF district created -TIF District 15, for <br />demolition of the former Health Quest building. <br />