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community),to have a high-quality/high-tech/high-security facility, and to provide high-quality service <br /> offerings (academy). They have indicated they are much more than a daycare,they are an educational <br /> institution/asset to the community, and should not be compared to a daycare center(i.e.they are not a New <br /> Horizon). <br /> -Proposed Project- <br /> The proposed 10,000 sf, 1-story, Stone Brook Academy &Daycare facility will include seven class rooms, a <br /> gym,kitchen, offices, reception area, and a playground. The academy will be staffed by 15-20 employees <br /> (including State certified instructors),and will serve 140 children. Mr. and Ms. Johnson have indicated they <br /> intend to construct a very nice looking building (including brick/glass)and they generally understand design <br /> standards for The COR. Also,they want to create a facility that becomes an asset for the community, <br /> interacts with residents, and draws people to The COR. <br /> Mr. and Ms. Johnson reviewed sites in Ramsey and neighboring cities (Coon Rapids,Andover, Elk River, <br /> Otsego, Rogers, etc.). The central part of The COR is their ideal location,and where they are proposing their <br /> new facility. They looked at multiple site locations within The COR. Site #1 is their most desired location. At <br /> this point,they estimate a need for 0.9-1-acres of land. <br /> SITE SELECTION <br /> Attached to this case are the eight site locations considered by Stone Brook. They would like to move forward with <br /> Site #1. <br /> (A)If the City is okay with Site #1, Stone Brook is ready to move forward with a purchase agreement. They <br /> would like to begin construction in early summer 2017. They are hoping to be open in fall 2017. RE Site 41, <br /> Stone Brook is asking for the City to decide how they want to approach the potential public road connection <br /> (Polite Street)--is it required, or will a private stub road suffice? <br /> (B)If the City is not okay with Site #1, Stone Brook is asking for direction on where they should be located/ <br /> and feedback RE the issues they have identified for other sites--each site has it's own unique set of <br /> circumstances/obstacles. Stone Brook has indicated,this option will likely delay their project(likely will not <br /> be able to open in 2017). <br /> Notification: <br /> NA <br /> Observations/Alternatives: <br /> OBSERVATIONS <br /> Please see attached eight site location memos. At a minimum, staff is requesting detailed feedback on Site#1. <br /> CONSIDERATIONS <br /> (A)An acre of development fees is estimated at about$60,000 (2016): $3,966 park, $1,090 trail, $6,131 <br /> water, $3,391 sewer, $4,577 storm water management, $40,000 COR storm water. <br /> (B) Tax base is estimated at about$45,000 per year gross. Typically,the city receives about 1/4 of property <br /> taxes. However,in this particular scenario,the project is located in an existing TIF District(#14). Therefore, <br /> the City would collect roughly just over 50%of the tax base via TIF. This tax base is helpful for the city--as <br /> their is need to develop funding sources for other improvements in The COR. <br /> (C) Stone Brook believes this project will drive 140 families to The COR on a daily basis (2x). Increased <br /> traffic counts help drive retail and restaurants. <br /> (D) Stone Brook has indicated this project will create 15-20 new jobs. <br /> (E) Stone Brook has indicated they intend to construct an impressive looking building that will fit in well <br />