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Agenda - Economic Development Authority - 07/13/2017
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Agenda - Economic Development Authority - 07/13/2017
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Economic Development Authority
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07/13/2017
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APPENDIX A <br />Ramsey Economic Development <br />2015 ACTIVITY REPORT <br />ECONOMIC DEVELOPMENT EVENTS MISCELLANEOUS <br />1. EDA Spring Business Expo 1. Creation of business advocacy Group for <br />2. Ramsey Happy Days Festival, Business Expo improvements to U.S. Highway 10. <br />3. EDA Fall Networking Event <br />4. MN Marketing Partnership Familiarization Tour <br />5. EDA Business Appreciation Golf Tournament <br />6. Anoka Area Chamber Golf Tournament <br />7. Anoka County Developer/ Broker Event <br />8. Multiple Highway 10 Lobbying Tours <br />9. Armstrong Interchange Ground Breaking (December) <br />BUSINESS VISITS <br />Formal (3): Riverside Manufacturing, Waltek, Zero Zone <br />Informal (10): Life Fitness, Dedicated Networks, Molin <br />Concrete, RJM, JBT, All Seasons Garage, Sil-Pro, Country <br />Side Services, Sil-Pro, In'Tech, PSD LLC, M&G Trailer. <br />BUSINESS WELCOME BLASTS <br />9: Stoney River, The Lunch Box, USPS Mail Substation, <br />Molin Concrete, All Seasons Garage Door, China Dragon, <br />GNC, Country Side Services, Quality Forklift. <br />CITY OWNED LAND TRANSACTIONS <br />• PSD LLC---$1.89M (13.97 acres) <br />• Common Bond---$435K (1.85 acres) <br />• Casey's---$596K (1.36 acres) <br />• GS Land---$616K (14.86 acres) <br />• Meadow Creek---$0 (land swap) <br />TOTAL--$3.58M GROSS (32.04 acres) <br />PROJECTS WITH CITY/ STATE INCENTIVES <br />• PSD LLC---$500K FV TIF <br />• Life Fitness---$350K FV TIF <br />• Life Fitness---$441K FV DEED <br />• Dedicated Networks---$130K FV DEED <br />• Dynamic Group---$250K FV DEED <br />TOTAL--$1.672M FV, PAYGO <br />NEW CONSTRUCTION VALUES. MAJOR PROJECTS <br />• Dedicated Networks---20K SF ($915K) <br />• PSD LLC---121 Units ($13.9M) <br />• Common Bond---47 Units ($7M) <br />• Casey's General Store---5K SF ($2.3M) <br />• Life Fitness---48K SF ($3.2M) <br />• NTI---2K SF ($150K) <br />• Coborn's---Remodel ($492K) <br />TOTAL--$28M New Const. Val. (Major Projects Only <br />2. Future Business Park: completed infrastructure study <br />and economic development study (December/ <br />January). Next step, policy discussion/ direction. <br />3. Old Municipal Center: phase one sold, and currently <br />under development. Phase two requires demolition <br />and site cleanup —expected to be ready by summer <br />2016. Demolition will likely be funded by the Anoka <br />County HRA. <br />4. Replaced COR real estate signs. <br />5. 167 Avenue/ Highway 47 EDA Workplan item dropped <br />(consider grant program). <br />6. Spring Business Expo EDA Workplan item discussion <br />initiated. Was requested to be brought back for <br />further discussion. <br />7. EDA began sponsoring the Anoka Area Chamber of <br />Commerce, Manufacturers Coalition. <br />8. New TIF district created—TIF District 15, for <br />demolition of the former Health Quest building. <br />
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