Laserfiche WebLink
11111111111 <br />Li <br />mm�um110101111wwi <br />MASTERS IN MOTION® <br />We are looking to make an expansion of our business so that we can handle more and larger projects, <br />and continue to hire teams of high-tech and engineering personnel. There are more companies that <br />could take advantage of the advanced automation equipment solutions that we provide. However, it will <br />only be possible for us to make this great investment if we know that there is support from the <br />communities that we are looking to partner with on this relocation. There are options to stay and <br />expand in our current facility, to move into existing warehouse space, etc. that are less expensive <br />options. We have looked at buildings in Coon Rapids on Xeon St, Lino Lakes, and Fridley, and several <br />others that we explored as options. They would all require rework and additions, and the cities' <br />assistance in doing so was not on pace with the proposal of building new in Ramsey and its TIF proposal. <br />We are looking to the future and for potential growth that can come from designing a plant to our needs <br />and have space for future expansion. This Ramsey site allows us to have the greatest growth <br />opportunity. Along with expected volume and revenue growth within an expanded footprint, there will <br />be an increase from our current 125 person team. Our staff, roughly 40% of whom are engineers, will <br />grow significantly with our increased capacity. Our initial estimates show that total combined costs of <br />land acquisition, building, new equipment purchases, and increase in labor, exceeds our current funding <br />by roughly 10 — 15%. This type of expansion project will not be possible without assistance from a City <br />who encourages our presence locally, and shares investment in the economic benefit our company will <br />bring. <br />r..i. u:: <br />Developing long-term lease — Delta ModTech 11501 Eagle Street <br />0" art <br />Anoka County PID # 20-32-25-34-0004 <br />Western 43.21 acres north of Bunker Lake Blvd, East of Puma St. Currently owned by Hageman Holdings, <br />LLC. 8200 BUNKER LAKE BLVD, RAMSEY, MN 55303 <br />Property Description LOT 1 BLOCK 1 ALPHA DEVELOPMENT <br />Part <br />N/A <br />N/A <br />