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Mr. Hagen stated there could be retail. He noted it will not be heavy manufacturing. They do <br />not build the buildings with large truck courts. <br />Chairperson Steffen asked what percentage of pre -leasing on Building A do they need before <br />they are ready to build. <br />Mr. Polk thought they would wait until it is thirty percent leased out before starting construction. <br />Chairperson Steffen wondered if the exterior of Building A and Building B will match. <br />Mr. Hagen indicated they would match. He showed sample schematics of the buildings. <br />Member Riley stated he appreciated the presentation and loved the concept idea. He stated what <br />he picked up on and really liked was the partnership between the two companies and wanting it <br />to work out and he considered this to be a partnership with the City also and wants it to work out. <br />He stated what the City wants is the most commitment to building that they can get. He thought <br />this was the partnership he was looking for. <br />Mr. Hagen thought that was well said and noted there was a part in the agreement that states this <br />also. <br />There was further discussion regarding the site plan. <br />Economic Dev. Mgr/Assistant City Administrator Brama clarified the project process with the <br />Board. He noted this item can go into closed session but does not need to. He stated Adrenaline <br />will be a great user to have in Ramsey. <br />Member Skaff asked if Platinum Properties has had any discussion with schools such as Pact <br />because they could be a good potential user. He noted they are out of space. <br />Mr. Hagen stated they have not. He stated their focus right now is to make sure that their big <br />current lease is in place. <br />Member Skaff stated he was in support of this. He did not think they needed to go into a closed <br />session. <br />Chairperson Steffen agreed. <br />Member Williams thought it would help the City Council if there was a little more robust <br />conversation in regard to the price. <br />Chairperson Steffen thought they should ask that the subsidy application follow the process but <br />until they get that he did not know if they could discuss price. <br />Economic Development Authority/September 1, 2016 <br />Page 3 of 6 <br />