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Agenda - Economic Development Authority - 01/07/2016
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Agenda - Economic Development Authority - 01/07/2016
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3/17/2025 2:30:40 PM
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3/10/2016 11:47:50 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
01/07/2016
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Key Outcomes/Metrics <br />/ <br />NJ § § / <br />\ o = 0 E <br />o_ 2 2 5 <br />CU <br />= 3 0 \ < k t <br />2 <= a.§ 2 j <br />§ .g $ a _ <br />cu _ = <br />t ° ••- _ CO _ <br />§ § 2 2 ' m \ <br />E = 2 & = e \ <br />0 k 3 E k 2=/ <br />m <br />\ % <br />m CO <br />C <br />u <br />•© § <br />0 © <br />a / <br />/ f <br />"Ready -to -go" business park <br />and clear position of City <br />involvement. <br />This tactic fits within EDA <br />objectives 2 and 3 and the City's <br />strategic plan. <br />cu — <br />\ \ <br />\ 7 <br />CO_ <br />/ <br />_ % 3 <br />\ = 'a-.) <br />E / E <br />_ = <br />0 0 7 <br />2 <br />§ <br />\ <br />\ o <br />—3 <br />CO <br />:_ <br />\ E <br />E = <br />_ <br />0 0 <br />\ <br />§ \ <br />a <br />£ £ <br />\$ <br />o <br />C * <br />u a <br />© § •e <br />CO © / <br />a / t <br />/ f\ <br />Additional Resources & Tools Required <br />Currently Sufficient: assuming moderate customer <br />service demand levels, sufficient resources exist to <br />complete this tactic as proposed. <br />Ile\a <br />Currently Sufficient: assuming moderate customer <br />service demand levels, sufficient resources exist to <br />complete this tactic as proposed. <br />This work item does require use of third -party <br />professional services (Shovel Ready Certifications, <br />Economic Development Analysis, and subsequent <br />due -diligence). TIF #1 and the EDA Fund have been <br />identified as funding sources for this work in the past <br />by the EDA and City Council. <br />Currently Sufficient: assuming moderate customer <br />service demand levels, sufficient resources exist to <br />complete this tactic as proposed. <br />The Anoka County HRA account has been identified <br />as a funding source for the demolition and site clean- <br />up work in the past. <br />/ <br />��/\\\ <br />2{ <br />\ o <br />% j> <br />.( 2=% <br />o <br />/ n' § k \ <br />o e 4- f <br />S S ‘-i <br />3 0^ <br />{ E <br />\vj <br />Q w¥ <br />° <br />AP <br />S S <br />0 0 <br />N N <br />/ / <br />v)v) <br />Q Ni <br />§ <br />Business Retention & Expansion <br />The large majority local economic growth comes from <br />existing Ramsey businesses. The purpose of this goal is <br />to develop and maintain positive relationships with <br />existing Ramsey businesses (establish trust). This goal is <br />implemented through quality customer service, <br />businesses visits, and facilitating business events. <br />Future Business Park <br />Continue to move along the City's future business park <br />initiative. Below are major work items to be addressed: <br />1. Finalize Economic Development Analysis <br />2. Develop and solidify the City's position/ <br />involvement/ policy. <br />3. Attain shovel ready status. <br />Old Municipal Center Redevelopment <br />Facilitate redevelopment of old municipal center site. <br />Below are major work items to be completed: <br />1. Remove Fire Station #2 and clean site <br />2. Close on sale of property, phase #2 <br />
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