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Economic Development Authority (EDA) 4. 2. <br /> Meeting Date: 04/13/2017 <br /> Submitted For: Patrick Brama,Administrative Services <br /> By: Patrick Brama,Administrative Services <br /> Title: <br /> MOU: Arterial Infrastructure to Serve Ramsey's Future Business Park& Capstone Homes Development <br /> Purpose/Background: <br /> PURPOSE <br /> Consider the attached Memorandum of Understanding (MOU)proposal for funding and constructing arterial <br /> infrastructure improvements located on Bunker Lake Boulevard and Puma Street adjacent to the City's new <br /> - business park. <br /> BACKGROUND &ALTERNATIVES <br /> Please see attached documents. <br /> GUESTS <br /> Staff anticipates the guests outlined to be in attendance of this meeting/case. These guests will be available to <br /> answer questions and provide additional background information if needed. <br /> -Steve Bona of Capstone Homes <br /> -Al Pearson of Pearson Farms <br /> -John Dobbs, Pearson Farms Broker <br /> -Jason Aarsvold of Ehlers <br /> -Michael Altimari of Hageman Holdings <br /> -Matt Kuker of PSD. <br /> Notification: <br /> NA <br /> Observations/Alternatives: <br /> Please see attached "alternatives" document. <br /> Funding Source: <br /> TBD <br /> Recommendation: <br /> EDA <br /> The EDA reviewed this case on 03/09. Attached are draft EDA minutes. Below is a summary of preliminary EDA <br /> feedback: <br /> .The EDA is generally open to considering the option of using EDA dollars for funding this project, if the <br /> Council so desires. <br /> .The EDA is generally interested in this project, and is generally interested in finding a solution that all <br /> parties can accept. <br />