Agenda - Council - 09/27/2016 - Laserfiche WebLink

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Motion Carried. Voting Yes: Chairperson Levine, Commissioners VanScoy, Bauer, Andrusko, Nosan, and VanScoy. Voting No: None. Absent: Commissioners Brauer and Maul. 5. PUBLIC HEARINGS/COMMISSION BUSINESS 5.01: OGA Purchase Agreement Presentation Gommunity Development Director Ck Ih presented the staff report stating the City of Ramsey purchased The COR (forma'y Rarroe y Town Center) ; 2009 f r- $6 8M st;ng f , , o 26 acres of developable property. As part of the purchase, the City pulled back assessments on all C opert tot $5.9M. The total cost of tho karx4 purchase, including the assessmento io $ 2.7M, which breaks down to $2.11 per gross square foot. The City purchased The COR with an intent to resurrect the development project and preserve the eommunity'o original vision and pkan. The subject property io a 1 acre portion of the larger 119.26 acre purchase. Community Development Director Gladhill reported the subject property is roughly 1-acre in size and is zoned COR-3 Business Park. This site is located just south of the brand new Casey's store, on the SW quadrant of Ramsey Boulevard and Sunwood Drive. From a development perspective, this site does not have too many challenges (listed below). Overall, it's a clean, rectangular -shaped, flat site, with solid visibility, good access, and utilities nearby. Primarily, Staff is seekin feedback on traffic patterns and safety. How will the City handlo aooci to the site from a private road (NOTE: Caaey'o aoocc is a private access drive)? How will the site be addressed (on a private drive)? How, if at all, dots this project effect the construction ofPeridot Street or Veterans drive? Is this the correct site for this use? These are items that will be discussed by the Planning Commission and City Council. Gommunity Development Director Gladhill indicated the City has officially lioted this property with a broker. The City has established an official thing price for this property ($6.00 psf or $261,000 per acre). Outside of Casey's, tho io the first prospect showing interest in this p eukr parcel for several years (5-1-). Thi@ offer is fa a 1 acre portion of the larger 11 acre site. Staff requested comment from tho R\a nirg-Gommio xon on how to proceed with this item. Commission Business Commissioner Bauer requested further comment on the master plan for this area. Community Development Director Gladhill noted this general area was to be office space with the corner being slated for a retail user. Planning Commission/August 4, 2016 Page 2 of 7