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Please see observations section. This roadway sets up PSD nicely to complete their first two buildings (see next two <br />cases on this agenda). They hope to complete both buildings over the winter of 2017/2018. Additionally, this <br />roadway will put PSD in position to provide pad ready sites for multiple future users --which is a competitive <br />advantage for Ramsey. Lastly, the first 500' of this roadway will be separated by a median, will include tree <br />plantings, signage, and will look like professional/ inviting --thus, setting the tone for the new business park. In <br />summary, this public infrastructure project will help kick off the new PSD business park with a big splash, and it <br />will set up Ramsey for economic development success into the future. <br />Action: <br />Recommend the City Council: <br />Adopt the attached Memorandum of Understanding (MOU); authorizing a not -to -exceed $250,000 reimbursement <br />to PSD LLC for the construction of a new public roadway located within the City's new business park. <br />MOU <br />Background Maps and Renderings <br />Assistance Requests <br />Infrastructure OA <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Katie Schmidt 06/02/2017 11:33 AM <br />Form Started By: Patrick Brama Started On: 05/30/2017 09:04 PM <br />Final Approval Date: 06/02/2017 <br />