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Further discussion: Member LeTourneau stated that this is a good step forward as this would <br />allow the City to sell the land and would also allow homes to be built on the property, which is <br />what the neighboring property owners desire. <br />Motion carried. Voting Yes: Chairperson Steffen, Members Burandt, Kanaventi, Hardin, and <br />LeTourneau. Voting No: None. Absent: Members Lambrecht and Riley. <br />4.02: Review Concept for 32 Unit Assisted Living and Memory Care Facility in The <br />COR; Case of Suite Living (Hampton Companies) <br />Economic Development Manager Sullivan presented the staff report. <br />Brian Pankratz stated that Hampton Companies builds a product called Suite Living, which is a <br />senior living product with a continuum of care. He stated that a number of these facilities have <br />been constructed around the metro area and are single level on 1.5 to two acres. He stated that <br />there is a well on the proposed site which would impact what could be done in the area directly <br />around the well. He stated that in his opinion this product type would fit within Ramsey and <br />within The COR as it would provide a close location for people to visit family members and <br />would provide jobs. <br />Chairperson Steffen noted that the property is zoned for retail. <br />Community Development Director Gladhill stated that four or five years ago there was a <br />proposal for a four to five story senior housing project on this site, for many of the same reasons <br />Hampton Companies is interested in the site. He stated that there was a similar discussion at that <br />time on whether the Commissions and Council would be interested in rezoning the parcel for <br />housing. He stated that at that time the decision was to leave the property as retail. He noted <br />that much has changed since that time and therefore staff is open to policy decision on whether <br />the site should continue to be held for retail or whether that should be opened up for housing. <br />Mr. Pankratz stated that there is a medical care component provided by staff that would be <br />working within the building. <br />Joel Larson, President of Hampton and Suite Living, stated that they have looked at several sites <br />in the area and this is the number one choice because of the possibility of signage from Highway <br />10. He stated that they also like the site because of the proximity to the daycare, as they believe <br />that is a good mix between the young and the old. He stated that they have a similar mix in <br />another city and it works well. He stated that there are several of these projects under <br />construction or operational and would welcome staff and Commission members to visit a site. <br />He estimated that 22 to 25 full-time jobs would be created as a result this project. <br />Chairperson Steffen asked and confirmed that Mr. Larson's company would stay on as <br />owner/operator after the project is constructed. <br />Economic Development Authority/ December 6, 2018 <br />Page 3 of 7 <br />