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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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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
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01/07/2016
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Key Outcomes/Metrics <br />Secure two new 30,000 <br />square foot retail, and two <br />new 30,000 square foot <br />industrial facilities. <br />This tactic fits within EDA <br />objective 1. This tactic fits within <br />the City's strategic plan and <br />Council policy discussions. <br />4- <br />cn RI <br />O CCo <br />U C <br />L N <br />f6 <br />CO Q <br />"a = <br />CO J= <br />,N <br />L <br />O <br />Q <br />,te.+ <br />V) <br />a-' <br />U <br />O <br />ti <br />Z <br />:6-. <br />o <br />++ <br />h <br />> <br />a. <br />u <br />.v <br />O <br />a <br />U <br />+ <br />CO <br />a., <br />U <br />v <br />at.. <br />vi <br />Z <br />U <br />u <br />,_ <br />U <br />c <br />0 <br />Decision to eliminate or <br />continue annual Ramsey EDA <br />Business Expo. <br />This tactic fits within the City's <br />strategic plan. <br />Additional Resources & Tools Required <br />Currently Sufficient: this tactic requires assistance <br />from the City's real estate broker CBRE; and demand <br />from the development market. <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 and <br />subsequent due -diligence). TIF #1 was identified as a <br />funding source for this work in the Council's strategic <br />plan. <br />This work item will include CBRE, the City's real <br />estate broker, completing a MEMO outlining <br />recommendations for each City property listings. <br />Goal: identify barriers/constrains and potential <br />solutions to development on City owned property <br />(land sales). <br />a <br />Z <br />Q) <br />L� <br />Fall 2017 <br />0 <br />N <br />E <br />January 2016 <br />Tactics <br />Recruit new industry and major retail businesses to <br />Ramsey <br />Sell Surplus City Owned Land <br />The City owns a large inventory of surplus land available <br />for development. <br />Attain shovel ready status for all listed City owned <br />property (including cut/fill estimations and identifying <br />major costs for development—such as required <br />extension of public infrastructure). <br />1 <br />Consider Discontinuing Ramsey EDA Spring Business <br />Expo <br />
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