Minutes - Economic Development Authority - 08/09/2004

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proceed. Once staffreceives direction from the City Attorney they will continue with the study and bring the full study back to the EDA. The EDA is requested to provide staff with ideas of businesses they would like to tour during the Business Tour. The tour will likely be in October or the end of September. She noted it takes about three to four weeks to coordinate this event. Case/t5: A Year in Review/2005 Work Plan Associate Planner Wald explained she and Economic Development/TIF Specialist Sullivan requested a joint meeting with the EDA andthe Council. They would like to look receive direction for 2005. They would like to recap what they have done this year and get opinion from the Council and EDA regarding projects they liked and ways to improve the EDA so next year they have full docket of projects.: : Economic Development / TIF Specialist Sullivan indicated it is important to note the EDA did a lot of work last year. One thing that was started this year was the Ramsey Business Connection and tying it to QCTV to spotlight businesses. This will be a great idea to continue with. He noted the Council has given them direction to be active and redevelop in the City. He reviewed the following projects that the EDA has been involved with: · Acquisition, demolition and clean-up of Chies and Morrell Parcels · 3,825 S.F. building for Northem TeChnologies ($372,300 tax assessed value) · Basalt/Azurite City Sewer, Water, Storm Sewer and Street Improvements · Douglas Hanson Property (Bakestar Acquisition) · Martin/Gorecki Property Economic Development / TIF Specialist Sullivan reported the following: · In addition to the industrial projectsthat have been mentioned, the City has inked deals with six additional businesses totaling i71,600 S.F. in buildings and $8,036,000 in new tax assess value. These projects should be completed between now and December 2005. The developers include: Rum River Dental, Huntington Family Properties, Rotary Systems, Kalway Construction, W Properties, Building Fasteners, and TLM Cabinets. · The EDA has been involved in a project that would produce monument signs at various entry points to the City and its industrial parks. These signs not only serve as quality finishing touches to well planned industrial parks, they also help market the City as well. A detailed case will be submitted at the 'September meeting in which sign types will be decided and staff will then try to obtain costs for the specific sign types. It is hoped that financial participation will be utilized by the EDA as well as the appropriate TIF Districts to assist in this matter. Associate Planner Wald reported the following: · The EDA has assisted with creating a local cable program with QCTV, which informs businesses and residents about the efforts of the EDA and showcases a Ramsey business. Along with the initiation of QCTV Ramsey Business Connection program, the EDA has provided valuable direction related to The Business Connection newsletter. Staff is Economic Development Authority/August 9, 2004 page 7 of 12