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Economic Development Authority (EDA) <br />Meeting Date: 07/12/2018 <br />By: Katie Schmidt, Administrative Services <br />Title: <br />Update: Two Shovel Ready Certifications <br />5. 1. <br />Purpose/Background: <br />PURPOSE <br />Provide an update on two shovel ready applications previously submitted to the State of Minnesota. Both sites have <br />been certified as "Shovel Ready" by the Minnesota Shovel Ready Program. <br />BACKGROUND: Sites <br />• Bunker Lake Industrial Park, sorth side, PSD, LLC (45.1 acres). <br />• #50, City Owned Property located in the SE corner of The COR, near Casey's (14.7 acres). <br />BACKGROUND: Shovel Readv <br />The State of Minnesota development ready certification program (known as "DEED Shovel Ready" certifications) <br />is a pro -active process/ effort that attempts to collect all information that would be needed by a developer/ investor <br />to consider a project in Ramsey ahead of time. The intention of the process is to eliminate risk, unknowns, speed up <br />the development process, and make Ramsey sites more competitive. More information can be found a <br />http ://mn. gov/deed/government/shovel-ready/program-overview/index.i sp. <br />Notification: <br />Notification is not required. <br />Observations/Alternatives: <br />Please see the attached exhibits for detailed information. <br />Funding Source: <br />No additional funding is required at this time. <br />Recommendation: <br />No action is requested at this time. <br />Action: <br />No action is requested at this time. <br />Attachments <br />Letter of Certification - Bunker Lake Industrial Park <br />Marketing Package - Bunker Lake Industrial Park <br />Letter of Certification - COR Office Park <br />Marketing Doc - COR Office Park <br />Form Review <br />