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~ TIl.' incentives/CDBG/Land Purchases/Industrial Park Development/Critical Blight <br /> Redevelopment Area <br />[] 2005 Project Summary Data <br /> o Total project area in square feet-214,337 <br /> o Estimated Job Creation- 167 <br /> o Estimated Market Value - $9,760,800 <br />~ Marketing Initiatives <br />~ Cmnmunication with existing Businesses <br /> <br />[,;conomic Development/TIF Specialist Sullivan reviewed the following work plan items that <br />were not initiated or completed in 2004 with the EDA: <br /> <br />(;ommunication with existing businesses <br /> The EDA worked on the Ramsey Resident. <br /> The Annual Awards were discussed, but an award was never developed <br />I'resentations for EDA meetings <br /> The EDA discussed having speakers from groups such as DEED and CMDC to <br /> present at their meetings <br /> <br />l~',conom ic Devclopment/TIF Specialist Sullivan indicated the EDA should discuss specific <br />projects and initiatives that are desired to be completed in 2005. He reviewed the following <br />prqjects that the EDA may want to include in the 2005 Work Plan: <br /> <br /> 0 <br /> 0 <br /> 0 <br /> o <br />Signs <br /> o <br /> O <br /> <br />TIF Incentives/Land Purchases/CDBG <br /> Critical blight Redevelopment Area <br /> Industrial/Business Park Properties <br /> Continue acquisition of blighted properties <br /> Additional funding sources (Revolving Loan Fund/TCCCF) <br /> <br /> Redevelopment Signs <br /> City of Ramsey monument signs <br />Marketing <br /> o Update marketing brochures/advertisements <br /> o Utilization of MN Report <br /> <br />Member Kiei%r suggested a DVD be put together with a synopsis about things like what is <br />happening in Town Center, the future of transportation, and highway improvements. This could <br />provide prospective businesses with information about a future bridge crossing and that they <br />could bc located between Highways 169, 10 and 47, as well as some of the different amenities in <br />terms of the Rum and Mississippi Rivers. Associate Planner Wald indicated DVDs would be <br />very expensive to do. The cost would be approximately $25,000. <br /> <br />Member K iefer inquired if an arrangement could be made with QCTV to create something like <br />this on a I)VD that could be distributed. Associate Planner Wald explained the work QCTV <br />performs is required to relate to the programming on the QCTV channels. Programming like this <br /> <br />Economic Development Authority/March 9, 2005 <br /> Page 3 of 6 <br /> <br /> <br />