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Economic Development Authority (EDA) 4. 4. <br /> Meeting Date: 03/09/2017 <br /> Submitted For: Patrick Brama,Administrative Services <br /> By: Patrick Brama,Administrative Services <br /> Title: <br /> Arterial Infrastructure Discussion RE City of Ramsey's Future Business Park&Capstone Homes Development <br /> Purpose/Background: <br /> PURPOSE <br /> Introduce the attached Capstone Homes proposal for funding and constructing arterial infrastructure improvements <br /> located on Bunker Lake Boulevard and Puma Street near the City's new business park (see attached MOU). <br /> Staff welcomes questions, suggestions, and preliminary feedback(very helpful). Staff is requesting the EDA <br /> identify any information missing from this case needed to formally process/respond to the request from Capstone <br /> Homes. <br /> The purpose of this case is not to make a final/formal decision RE the Capstone Proposal (the attached MOU). <br /> This case will come back to the EDA and Council in April for formal direction. <br /> BACKGROUND <br /> Please see attached "background data." This case is being reviewed by the EDA because the project is proposed to <br /> utilize two economic development funding sources. Due to the fact that the proposed arterial infrastructure will <br /> serve the City's future business park,potential funding source for the arterial infrastructure include both the EDA <br /> Fund and Anoka County EDA/HRA accounts. <br /> Notification: <br /> NA <br /> Observations/Alternatives: <br /> Please see attached "alternatives" document. <br /> Funding Source: <br /> TBD <br /> Recommendation: <br /> NA <br /> Action: <br /> Please see "purpose" of this case. <br /> Attachments <br /> MOU (Capstone Proposal) <br /> Background <br /> Alternatives <br />