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Agenda - Economic Development Authority - 06/13/2019
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Agenda - Economic Development Authority - 06/13/2019
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Last modified
3/17/2025 2:21:39 PM
Creation date
6/7/2019 11:47:35 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
06/13/2019
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EI <br />III1111, <br />wu <br />Lora <br />MASTERS IIN MOTION® <br />st <br />II I'II'll <br />I'll <br />I I I <br />1. See parts 1-4 above. <br />2. Financials will be available via secure upload. Will send separate email link. <br />3. We plan on stable production with our limited space and resources, around the $50-60 million/year <br />level with steady profits- subject to minor business interruption due to relocation. <br />4. N/A <br />5. N/A <br />6. Check made out to the City of Ramsey. The check will be sent as soon as funds are available. <br />7. See below. <br />From our founding in 1978 as a service provider for servo systems and motion control in the machine <br />tool industry, to today's technology of full production Delta ModTech converting and packaging lines, <br />Delta ModTech has successfully pursued excellence in the design, implementation, and service of <br />motion -controlled converting and packaging systems. <br />David Schiebout-CEO Ronda Schiebout-Secretary Toby Fuerst- CFO Evan Schiebout- >5% owner Emily <br />Allegra >5% owner Wendy Stromberg >5% owner <br />0":uri <br />Desiring to purchase land and build a 185,000 sq ft manufacturing building with 50,000 ft. of office, on <br />40 acres in order to house our entire manufacturing operation as well as engineering and support staff. <br />This will leave us ample land and space to further develop and expand over time. We have planned an <br />additional 50,000 sq ft in future warehouse expansion on the proposed building, but may choose to <br />develop this extra space immediately due to efficiencies in building and costs. <br />I I ' I 1 /\/. <br />fvuvu, h 11 in , 11 In nil hi, <br />
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