Agenda - Economic Development Authority - 04/13/2005

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Ramsey Municipal Center/Parking Facility: On March 22, 2005, the Ramsey City Council authorized the advertising of bids for construction of the Ramsey Municipal Center. It expected that the bidding period will be done by mid-May. After the bids are received, the City Council will make the decision on whether to proceed with the project. If the project is authorized, the construction of the Ramsey Municipal Center will begin in June with expected completion in Fall of 2006. ]'he City is also going through the final design process for the Ramsey Municipal Parking Facility. It is expected that these f'mal approvals will occur in the next couple months, with a tentative start date of July 2005. It is expected that the parking structure will substantially be completed by December 2005 with full completion by thc Spring of 2006. Residential Developments The City has received several applicatio, ns. for housing developments within the Ramsey Town Center. It is expected that some of this new housing will be started in the Fall of 2006. Below are brief summaries of the proposed residential developments. Rctmxey Town Center 2'~Addition. D.R. Horton received approval to construct 103 townhome units in 2004 along Ramsey Blvd.. A couple of the buildings have begun construction and Horton has indicated that they plan on constructing a majority of their units this year. Ram.vey Town Center 6th Addition. This project will be the second phase of the D.R. Norton project and will contain 78 townhome units. The development will be west ot: Ilorton's first phase. Ramsey Town Center 7~h Addition. The City will be receiving a preliminary plat for a townhome development being proposed by Town and Country Homes. The project will be directly south of County Road 116 and west of the D.R. Horton development. The subdivision is proposing to have approximately 190 townhomes. Ramsey Town Center 8th Addition. The City is working with Ramsey Town Center LLC on a sketch plan that will bring townhome and small lot single family homes on thc ~l'own Center property north of 116. Presently, it is anticipated that there will be 63 small-lot single family lots and 196 townhomes for a total of 259 units. It is expected that the approval process for this development will take place of the SI_lIT/II]er. Crestview Senior I-Iousing. Staff has met with representatives of Crestview regarding their project in the Ramsey Town Center. At this time, Crestview is proposing to have approximately 100 senior apartments, assisted living units, and skilled care lhcilities. The Crestview buildings will be located along Sunwood Drive, east of the Ramsey Municipal Facility.