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Agenda - Economic Development Authority - 05/25/2017
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Agenda - Economic Development Authority - 05/25/2017
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
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05/25/2017
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Mr. Cromberg stated he would certify them as soon as possible. The problem with that is the <br />information becomes dated. <br />Chairperson Steffen asked what the next step in the process is. <br />Mr. Cromberg stated they will need to fill out the application for certification and get it filed. <br />The EDA and WSB discussed the cleanup of dirty sites and selling the clean sites at market <br />value. <br />5.02: Update: Purchase of Former Sunfish Lake Gas Station <br />Economic Dev. Mgr/Assistant City Administrator Brama updated the EDA on the purchase of <br />Former Sunfish Lake Gas Station. <br />Member Hardin asked if they have done the environmental work on this property. <br />Economic Dev. Mgr/Assistant City Administrator Brama stated they have done it and are good <br />to go on the property. <br />5.03: Update: Aeon PA Extension <br />Economic Dev. Mgr/Assistant City Administrator Brama stated staff has received a request from <br />Aeon to extend the closing date on this PA by two months. Like other agreement, staff requested <br />an additional $5,000 non-refundable earnest money from Aeon in exchange for the proposed <br />extension. That request is anticipated to reach the Council on 4/25/17. Staff met with Aeon <br />recently and they are moving forward with this project. They are excited about working in <br />Ramsey. They are currently finalizing the plans and specs, and preparing to apply for a Plat/Site <br />Plan. <br />5.04: Update: GS Land PA Extension <br />Economic Dev. Mgr/Assistant City Administrator Brama stated this PA is for the two -phased <br />residential project, on the former municipal center campus, known as Harvest Estates. Staff has <br />received a request from GS to extend the closing date on this PA by one year. Like other <br />agreements, staff requested an additional non-refundable earnest money from GS Land in <br />exchange for the proposed extension. The Council pre -arranged this potential extension in 2016 <br />via a formal resolution. GS Land will be providing $20,000 earnest money, $5,000 will be non- <br />refundable immediately. That request is anticipated to reach the Council on 4/25/17. Staff <br />connected with GS Land recently and they intend to move forward with the Phase II of this <br />project however, they need to make a little more progress with land sales on Phase I. <br />5:05: Update: Platinum Properties PA <br />Economic Dev. Mgr/Assistant City Administrator Brama noted staff has been told by Platinum <br />Properties that they intend to bring back a new PA this week. The new PA will be very similar, <br />Economic Development Authority/April 13, 2017 <br />Page 9 of 10 <br />
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