Laserfiche WebLink
Mr. Pankratz stated that after construction there would be could be out lot on the Coborns corner <br />that could be used in the future for a building or other use. <br />Mr. Larson stated that they would be flexible and could purchase the entire site or a portion of <br />the site and leave an out lot with the City. <br />Chairperson Steffen asked if the visibility to Highway 10 is important. <br />Mr. Larson confirmed that visibility is important. <br />Chairperson Steffen asked if there is a waiting list for the other properties. <br />Mr. Larson stated that it is a need driven product, but there is a short waiting list. He stated that <br />the properties are 100 percent occupied. He stated that they do also work with senior waivers, <br />which allow placement of seniors that run out of funds. <br />Chairperson Steffen asked if the company would consider a lot interior to The COR. <br />Mr. Larson stated that they would look at it but noted that there are looking at ten different sites <br />throughout the metro and will build about eight of the products in the next year. He was unsure <br />that he would want to build on another site in Ramsey. <br />Member Hardin stated that this is not a residential setting, as the materials reference for the <br />product. <br />Mr. Larson stated that there is a residential feeling because of the neighboring apartments and the <br />daycare location next to the site. He stated that Ramsey is a growing area and people want their <br />parents that need care closer to home. <br />Member Kanaventi stated that he would be interested in visiting an existing site. <br />Chairperson Steffen stated that four or five years ago a similar site use was declined. He stated <br />that since that time more housing has been built within The COR and his hesitation is that if the <br />City scratches a potential retail site for additional housing there could be concern from the <br />community. He noted that this would also be a site where the residents would not be using the <br />nearby retail locations. <br />Mr. Larson stated that it is correct that the residents themselves would not be leaving the site but <br />the people visiting the site would use the nearby retail locations. <br />Member Hardin stated that he supports the project but does not believe that this is the right <br />location. He suggested another location in The COR be looked at. <br />Member Burandt agreed that this is a great project but not the best location. <br />Economic Development Authority/ December 6, 2018 <br />Page 4of7 <br />