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Economic Development Authority (EDA) <br />Meeting Date: 03/03/2016 <br />Submitted For: Patrick Brama, Administrative Services <br />By: Patrick Brama, Administrative Services <br />4. 1. <br />Title: <br />Future Business Park Policy Discussion <br />Purpose/Background: <br />PURPOSE <br />The purpose of this case is to review, amend, and make a recommendation to the City Council related to the <br />attached: <br />(1) Economic Development Policy for the City of Ramsey's Future Business Park <br />(2) Memorandum of Understanding Between the City of Ramsey, Hagemen Holdings LLC, and Pearson <br />Properties LLC. <br />OUTCOME <br />Clear policy direction for staff, property owners, prospect businesses/ developers, and taxpayers related to the City's <br />future business park. This direction will put the City in position to move forward with our new business park (policy <br />administration and implementation). <br />BACKGROUND <br />Please see attached infrastructure analysis and economic development analysis. <br />Notification: <br />NA <br />Observations/Alternatives: <br />NA <br />Funding Source: <br />NA <br />Recommendation: <br />NA <br />Action: <br />Motion to: <br />Recommend the City Council adopt the attached: <br />(1) Economic Development Policy for the City of Ramsey's Future Business Park <br />(2) Memorandum of Understanding Between the City of Ramsey, Hagemen Holdings LLC, and Pearson <br />Properties LLC related to the City's Future Business Park. <br />Attachments <br />POLICY <br />MOU <br />