Minutes - Council - 04/23/2002 - Laserfiche WebLink

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designated as an outlot since most of the five acres will need to be utilized for ponding purposes. The proposed revised Sunfish Business Park preliminary plat includes six commercial lots and two outlots. The subject property is zoned industrial and consists of approximately 44 acres. The preliminary plat is proposing to plat six commercial lots ranging in size from 2.4 acres to 14.0 acres and two outlots. All of the proposed lots meet the one-acre minimum lot size requirement and the 200-foot lot-width requirement established in the Industrial District. The site will receive public access from Azurite Street. The construction of Azurite Street has commenced and is targeted to be completed sometime in June. The site will be serviced by municipal sewer and water facilities. Park dedication and storm water management fees will be fulfilled as part of the Tax Increment Financing agreement between the City of Ramsey and the developers of each lot. Councilmember Hendriksen inquired as to what the status was on Star Exhibits. City Administrator Norman explained that Star Exhibits had formally notified staff that they will not be relocating to the City of Ramsey. He inquired if the Council was interested in directing the City Attorney to research the possibility for the City to seek any damages from Star Exhibits. Mayor Gamec replied that he would like the City Attorney to pursue any legal action they can take because there were some costs the City incurred to get the development moving forward. Consensus of the Council was to direct the City Attorney to research any legal action the City can take against Star Exhibits. Councilmember Hendriksen questioned what the special considerations were for Amcon bringing Star Exhibits forward. City Administrator Norman explained that the City entered into an agreement with Sunfish Commons Partnership for a loan, with one major partner being Amcon, but they can't be blamed for Star Exhibits not coming to the City. Councilmember Anderson inquired as to how things changed so drastically. City Administrator Norman explained that the market changed and Star Exhibits was not getting the trade shows as they anticipated so they entered into a long term lease rather than constructing their own facility. Councilmember Anderson inquired if the City is reviewing a company's financials closely before they come into the City. Mayor Gamec replied that the City's Economic Development Consultant Mike Mulrooney did research the financing thoroughly. He stated that it was not a case of finances, but a case of backing out. City Council/April 23, 2002 Page 6 of 16