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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 />