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Chairperson Steffen thanked Ms. DuChene for the update and noted that interested residents can <br />find out more information at www.onentobusinessmn.ora. <br />4.02: Maple Investments LLC (Sharp and Associates) Purchase Agreement (Portions of <br />this case may be closed to the public) <br />Economic Dev. Mgr./Assistant City Administrator Brama presented the staff report. <br />Dennis Sharp, Sharp and Associates, stated that the rental space available to small businesses in <br />this area are almost full and therefore it is time to look at building additional space. He stated <br />that all of his buildings have been on speculation and that has worked out well. He stated that he <br />has looked at options for the lot in the past, but they have not been able to find a successful fit. <br />He believed that this would be a good fit and would provide more rental space for tenants. He <br />stated that this building would house up to five tenants with about 2,000 square feet each. He <br />noted that tenants could grow to larger sizes and occupy more than one space if necessary. <br />Member Riley asked if this plan rendering would account for stormwater management on site. <br />Mr. Sharp replied that the civil engineer has submitted plans to the engineering department for <br />review. He confirmed that they are attempting to infiltrate as much water as possible. <br />Member LeTourneau referenced the listing price and the range, asking where this offer falls <br />within the City's range. <br />Economic Dev. Mgr./Assistant City Administrator Brama provided the listing price and noted <br />that the City has an accepted deal range that identifies a high and low expected price. He stated <br />that this offer price is within the higher end of the adopted deal range. <br />Chairperson Steffen stated that he remembers when the City took over this property in 2006 and <br />believed that there was a blighted building on the site. He stated that in his opinion this would be <br />a great opportunity to improve that parcel and get it back on the tax roll. <br />Member LeTourneau thanked Mr. Sharp for his ability to take remnant parcels and add <br />development for small businesses. He stated that this is a great project and appreciated Mr. <br />Sharp coming forward. <br />Member Riley agreed that this is a great project and thanked Mr. Sharp for continuing to provide <br />great opportunities within Ramsey. <br />Motion by Member Riley, seconded by Member Hardin, to approve the purchase agreement <br />between the City of Ramsey and Maple Investments LLC for 0.95 Acres of City -owned land. <br />Motion carried. Voting Yes: Chairperson Steffen, Members Riley, Hardin, Burandt, Kanaventi, <br />and LeTourneau. Voting No: None. Absent: Member Skaff. <br />4.03: Review Updated Draft Economic Development Chapter of Comprehensive Plan <br />Economic Development Authority/March 8, 2018 <br />Page 3 of 7 <br />