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Motion by Member Williams, seconded by Member Hardin, to recommend to City Council to <br />accept a business subsidy application from PDS LLC and call for a public hearing on July 25, <br />2017. <br />Motion carried. Voting Yes: Chairperson Steffen, Members Williams, Hardin, Burandt, Riley, <br />and Skaff. Voting No: None. Absent: Member Brunt. <br />4.06: CBRE Update <br />Mr. Pankratz provided the first quarter statistics metro wide, noting that net absorption foiWice <br />and retail are negative. He stated that the retail world is changing as many retailers continue to <br />close their doors and follow the virtual trend. He stated that the trend is now ito food and fitness. <br />He stated that traffic patterns take time to change and people are nowititilPhig the Armstrong <br />interchange more often. He stated that the residential market is boonkg. He stated that Ramsey <br />is in between two retail nodes and with large stores closing in Rivrclale,retailers will most <br />likely backfill in that location. He noted that the additional homes eing, t iilt in Ramsey will <br />help to attract businesses. He stated that the restrictive covenai) n ger in force, which is <br />good for additional food locations that may want to come. He st ted t t the additional industrial <br />and PSD projects will bring in additional traffic and •uld attract m re business. He stated that <br />they continue to see interest from medical office to <br />He noted that he has been pushing Ramsey for <br />that Ramsey is on their growth plans. He note <br />attempt to bring a tenant to Armstrong as traffic pa <br />reviewed the marketing suggestions and next steps. <br />He provided an update on marketing. <br />urs and hard goods and has heard <br />s also reached out to gas stations in <br />push more vehicles on that route. He <br />4.07: Review Architectural D • gn for Stonebrook Academy (Project #17-101); Case of <br />Michael and Kristen J <br />Community Developmen r Glaill presented the staff report. <br />Chairperson Steffen ed for . -'ls on the materials for the Sunwood side of the building. <br />Community D elopm t D ector Gladhill provided details on the proposed materials. <br />Member Willia - d that it appears that no landscaping is proposed for the west side. She <br />askedf the winos are all real. <br />Co nity evelopment Director Gladhill confirmed the lack of landscaping for the west, <br />noting it would allow for future development on the adjacent parcel and meets the <br />require nts of The COR. He stated that it is his understanding that they would be real <br />windows, although they may be shaded. <br />Member Williams asked for the location of the two out parcels on the plat. <br />Community Development Director Gladhill noted that the case references the remnant parcels <br />that are not used for the daycare center, to the west and the east. <br />Economic Development Authority/June 8, 2017 <br />Page 7 of 8 <br />