Agenda - Economic Development Authority - 04/13/2017

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Future Biz Park—Site Executive Summary March 29, 2017 Site Information: The Future Biz Park is bordered to the south by railway for the Northstar Commuter Line which connects the site to downtown Minneapolis. Also to the south is U.S. Highway 10 which provides a direct connection to U.S. Highway 169. To the north of the property is Bunker Lake Boulevard NW, a major east/west corridor through the City of Ramsey. The Site currently has no stubbed access points; however, multiple access points onto Bunker Lake Blvd NW are anticipated upon the development of these parcels. In addition, there is a 1,000 acre nearly fully developed business park that runs through Ramsey-Anoka a % mile east of this site. Over 10,000 jobs and hundreds of businesses. The property is 45 acres in size. The City is currently developing a new zoning district intended to be implemented over this area entitled "E-3 Employment District". As a basis,the E-3 district will have similar standards to the E-1 Employment District which is intended to provide for the mix of typically large volumes or bulk commercial goods and services, wholesale/warehouse activities and limited retail activities. Building Permit Application and Commercial Site Review: The city's 2016 building permit and commercial construction requirements have been included for the site. Community Profile: The community demographics have been included with the report to allow for the potential development contacts to have a general understanding of the community. Environmental Review: WSB has performed this Phase I ESA in conformance with the scope and limitations of ASTM Practice E1527-13 for Anoka County Parcel 29-32-25-12-00003 and 29-32-25-21- 0003 located in Ramsey, Minnesota. This Phase I ESA has revealed no RECs, no HRECs, and no CRECs associated with the Property. While one of the environmental maps indicates that some dumping took place on the site, the dumping has been reviewed and holds no negative effects on the property. No additional environmental review is necessary at this time. One of the environmental maps indicates that some dumping took place on the site, please be aware that dumping has been reviewed and holds no negative effects on the property. Alta Survey: An ALTA Survey was completed and is attached to this report. The survey does not indicate any concerns for the development of the property. Title Commitment: The title commitment has been completed and indicates there are no concerns with the ownership of the property by Hageman Holdings. The complete title commitment and supporting documentation is included as Appendix D of the report.