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1. Kruas Anderson <br /> http://www.krausanderson.com/ <br /> 1. Jaci Bell led discussion. <br /> 2. City should consider a RFP process. <br /> o RFP should have a reasonable term (long enough to complete required research/ <br /> preparation). <br /> o RFP should be broken into sections that allow people to bid on different areas. For <br /> example, retail, housing, mixed, office park, etc. <br /> o City should have a clear vision for The COR before sending out the RFP—it will help set <br /> expectations. However,the City should remain flexible, after they get a developer on <br /> board, it is entirely likely changes will need to be made. Development processes and <br /> market are fluid, always changing, and don't always "fit" zoning, RFPs, etc. The more <br /> open Ramsey is to change,they better. <br /> 3. In order to have an effective discussion with anyone, the City should have a detailed market <br /> study completed. Not having a RFP will create a lot of ambiguity and guess work. It will allow <br /> for realistic discussion, and responses from developers. Will also save time in the RFP process. <br /> This was by far Kruas Anderson's strongest recommendation—you must know your market <br /> before you make decisions/ provide direction. <br /> 4. City should have discussions about near-term and long-term goals. They are not always the <br /> same. Short term success (i.e. quick development) might not be the same as long-term vision. <br /> City needs to be clear on what they want. <br /> 5. The amount of land zoned in Ramsey for retail needs to be further researched (i.e. the market <br /> study). It is entirely possible there is too much. <br /> 6. Kruas Anderson cannot make a specific compensation model now—they need to have the <br /> market report in hand, to better understand opportunities, and they need to know what the <br /> City's vision is for The COR. <br /> Page 2 of 7 <br />