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Economic Dev. Mgr./Assistant City Administrator Brama stated that if there is a desire to refresh <br /> the goals for this chapter, he would need to know that so that he could bring that forward as a <br /> future case. <br /> Community Development Director Gladhill noted that there could be a case in January which <br /> would identify longer term goals for the EDA. He stated that if there are individual ideas from <br /> the EDA Members, they can provide those ideas to staff in the case that they are not able to <br /> attend the January meeting. <br /> Chairperson Steffen agreed that the case should be added to the January agenda. <br /> 4.03: CBRE: Updates and Pricing Strategy (portions of this case may be closed to the <br /> public) <br /> Economic Dev. Mgr./Assistant City Administrator Brama stated that this case was intended to <br /> have two sections, the first to have an update from CBRE and the second, in closed session, to <br /> discuss pricing strategies. He stated that in the interest of time, he would suggest receiving the <br /> update from CBRE today and delaying the closed session discussion to the January meeting. <br /> Brian Pankratz provided an update on the twin cities market. He noted that while industrial <br /> continues to be strong, office remains flat. He explained what when one office space fills, <br /> another goes vacant. He noted that the face of office is also changing as people have more <br /> flexibility in their work space and can fit a high number of employees into one site. He <br /> highlighted the retail vacancy, providing an explanation that the higher numbers are because of <br /> the big tenants that have closed (such as Sears) and explained that those sites will be broken up <br /> and backfilled in the future. He provided market feedback specific to Ramsey noting that there <br /> is increased traffic on the Armstrong interchange. He highlighted the activity related to <br /> residential, retail and office/industrial. He noted that once the sports complex opens, that will <br /> bring in additional traffic on a nightly basis to the Coborn's retail area. He highlighted market <br /> suggestions and noted that retailers will want large signs that will be visible from Highway 10. <br /> He stated that because the City owns land along Highway 10, it may make sense for the City to <br /> start to develop a large monument sign plan to coordinate a main sign that could be used for <br /> multiple tenants and would be visible from Highway 10. <br /> Member Skaff stated that he travels Highway 10 and notices the LED billboards in Blaine. He <br /> asked if there would be an option for the City to use that type of sign to advertise for retailers. <br /> Mr. Pankratz stated that typically a retailer would pay their portion for a sign and maintenance, <br /> but the benefit would be to have a plan for the signage. <br /> Member Burandt left the meeting at 8:57 a.m. <br /> Member Skaff stated that he is more speaking of an LED billboard that could be utilized for <br /> other Ramsey businesses. <br /> Economic Development Authority/December 14,2017 <br /> Page 7 of 9 <br />