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CONNEXUS® <br />ENERGY <br /> <br />Your Community Energy Partner <br /> <br />Memorandum <br /> <br />14601 Flarnsey Boulevard <br />Ramsey, Minnesota 55303 <br />763.323.2600 <br />Fax: 763.323.2603 <br />1.800.649-. 1672 <br />www. oonn 8xusenergy. oom <br />info@ connexusenergy.oom <br /> <br />To: <br /> <br />From: <br /> <br />Date: <br /> <br />Re: <br /> <br />Ramsey Economic Development Authority Members <br /> <br />Megan Wald, Ramsey Associate Planner <br /> <br />Scan Sullivan, Ramsey TIF Specialist ,~ <br />Jim Gromberg, Ramsey Economic Development Authority <br /> <br />October 25, 2004 <br /> <br />Survey of Development Costs <br /> <br />The National Association of Industrial and Office Parks (NAIOP) recently completed a survey <br />of the Metro Area Communities on the cost of the development of a specific ,project. The <br />specifics of the project were as follows: <br /> <br />· 50,000 square foot pre-cast concrete office/warehouse building. <br /> <br />· $2,750,000 building value excluding land. <br /> <br />· Facility does not include tenant improvements. <br /> <br /> An unplatted 8.2 acre residentially zoned parcel that would be split into two 4.1-acre <br /> sites. <br /> <br />· One of the newly created lots would be rezoned for the building with the other lot <br /> remaining vacant. <br /> <br />· City services are available and stubbed to the property. <br /> <br />Based upon these criteria, 78 communities responded and are listed on the attached table. The <br />table shows the fees and costs associated with the development of this project and the <br />estimated length of time to complete the City's application process. While I have not <br />tabulated the total cost of the project for each of the communities listed, I think that this would <br />be a good exercise to determine if we are as "user friendly" as we believe. A major point of <br />concern is the column that lists the cost of a building permit for the project showing Ramsey at <br />$27,500 and all other communities in the $12,000 - $13,000 range. <br /> <br />I look t'orward to our discussion on this important issue as we work to make the City of <br />Ramscy a better [)lace to work and develop businesses. <br /> <br />21 <br /> <br /> <br />