Agenda - Economic Development Authority - 04/13/2017

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Site 46—Site Executive Summary March 29, 2017 Site Information: Site 46 is bordered to the west by Armstrong Boulevard NW, undeveloped vacant land, and commercial properties. Armstrong Boulevard is an interchange accessing U.S. Highway 10 which was opened in 2016. To the north of the site is Bunker Lake Boulevard NW followed by undeveloped vacant land and residential properties. East of the property is Zeolite Street and to the south of the property is Sunwood Drive NW along with commercial properties.The Site has one stubbed access point off of Sunwood Drive NW and may be able to gain an additional access points off of Zeolite St NW and potentially one right in right out off Bunker. The property is approximately 31 acres in size and is zoned as "The COR" and located in the "2B" Sub- district. The COR-2b Sub-district is designated to provide a location for retail commercial that has building and/or site designs inconsistent with the COR-1 Sub-district, including larger scale retail and other auto-oriented commercial uses. More detailed zoning information is provided in the zoning ordinance included with this report. Ramsey Parkway is expected to be extended in the future which will split this parcel.The exact alignment and effect on the above mentioned parcels has not been defined. The City will work with the developer to balance developable space and transportation connectivity. Building Permit Application and Commercial Site Review: The city's current building permit and requirements for the development of the parcel 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 Parcels 28-32-25-23-0011 and 28-32-25-23- 0013 located in Ramsey, Minnesota. Exceptions to, or deletions from,this practice are described in Section 2.3 of the report. This Phase I ESA has revealed no RECs, no HRECs, and no CRECs associated with the Property as described in Section 8.1, Section 8.2, and Section 8.3. Alta Survey: An ALTA Survey was completed and is provided with 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 city's ownership. The complete title commitment and supporting documentation is provided with this report.