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Economic Development Authority (EDA) <br />Meeting Date: 11/09/2017 <br />Submitted For: Patrick Brama, Administrative Services <br />By: Patrick Brama, Administrative Services <br />4. 3. <br />Title: <br />Public Infrastructure Feasibility Study for The COR <br />Purpose/Background: <br />PURPOSE <br />Consider approving the attached Bolton & Menk Work Order. <br />BACKGROUND <br />The attached work order provides concept level plans and a feasibility report for all remaining needed public <br />infrastructure in The COR. The work order is not -to -exceed $25,384. This work order is consistent with: <br />(A) The attached City of Ramsey EDA workplan, see tactic/ strategy #3. <br />The purpose of this tactic is to obtain concept/ feasibility information needed for the development of The <br />COR. This information will be valuable for the City (help us better evaluate development proposals, help <br />staff better negotiate development deals, help elected officials have policy discussions/ strategy discussions, <br />help the city put together an accurate proforma for The COR, etc.). This information is needed by developers/ <br />prospects to evaluate projects, and makes Ramsey sites more competitive (compared to sites that don't have <br />this information available). Most prospects/ parties consider Ramsey to be the master developer for The <br />COR, and as a result, expect the City to have this information on -hand. <br />(B) The work order approved by the EDA/ City Council for the Inland Group/ Affinity apartment <br />project <br />Attached is a work order that was approved by the EDA/ City Council in October. The scope of work for the <br />Inland Group/ Affinity work order is nearly identical to the work order attached to this case. The only <br />difference is the geographic areas being studied. The Inland/ Affinity work order was concentrated only on <br />infrastructure located adjacent/ near said project. The attached work order finishes out the entire COR. <br />WORK ORDER REVIEW PROCESS <br />EDA, 11/09 <br />PWC, 11/21 <br />CCRS, 11/2 <br />Notification: <br />Observations/Alternatives: <br />NA <br />Funding Source: <br />Staff will utilize one/ more of the following funding sources: <br />- -The COR TIF District <br />- -TIF District 1 <br />- -EDA Marketing Line Item <br />- -PIR Fund <br />Recommendation: <br />