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CC Regular Session 7. 6. <br /> Meeting Date: 04/25/2017 <br /> Submitted For: Patrick Brama,Administrative Services <br /> By: Patrick Brama,Administrative Services <br /> Information <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 individuals below to be in attendance at this meeting for this agenda item. These individuals <br /> will be available to 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 at their meetings on 03/09 and 04/13. Below is a summary of EDA feedback: <br /> .The EDA made several suggestions based on their original review on 03/09. Those suggestions were <br /> outlined in a previous Council case. All of said suggestions have been addressed and incorporated in the <br /> attached MOU. <br /> .The EDA is generally supportive of the attached MOU, including use of EDA funding, and is generally <br />