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He stated that the idea is that this is a large tract of land and there is economy of scale for a <br />developer to construct a number of homes on the parcel, therefore there are not many similar <br />parcels in Ramsey. He stated that the other issue is related to timing and because the wetlands <br />issues and timing is unknown, the developers have walked away. He stated that his suggestion <br />was that there would be a way to make the needs of the waterfront site and this parcel work <br />together. He stated that the upgrade of Zeolite Street would also be needed as part of the <br />development of parcel 46. He provided additional details on the future land use and development <br />potential of this area of The COR. <br />Councilmember Musgrove asked if the wetland would need to be filled for the residential <br />development. <br />Councilmember Woestehoff confirmed that the site would need to be raised about three feet. <br />Parks and Assistant Public Works Superintendent Riverblood provided background details on the <br />planning work that has been completed for the park and waterfront area. He commented that there <br />would be value in grading, establishing turf, and planting trees for that site. He believed that this <br />would make sense from a timing perspective but noted that this would be an issue of balancing <br />costs. He asked if the Committee would like to go into the level of detail to obtain more cost <br />information and details. <br />Chairperson Riley asked if there is a ballpark estimate. <br />Economic Development Manager Sullivan commented that there is not yet an estimate. He stated <br />that more of the cost will be recouped through the sale of the retail development areas rather than <br />the residential component. <br />Chairperson Riley commented that the City would be doing this work to get townhomes, as that is <br />the interest in the parcel. He noted that does not seem to be a huge priority of the residents at this <br />time. <br />Councilmember Musgrove stated that she prefers townhomes and like the product being <br />constructed at the corner of Ramsey Boulevard and Bunker Lake Boulevard. She stated that she <br />likes the idea of having business along Sunwood Drive. She asked if the expectation would be <br />that the City could use the fill from the waterfront area for this purpose and whether that would be <br />enough. <br />Economic Development Manager Sullivan commented that there is some dirt from that site but <br />not nearly enough. <br />Chairperson Riley commented that the study would provide additional details on what would <br />actually be needed. <br />Councilmember Woestehoff stated that he would be supportive of the additional study and agreed <br />that making the site closer to shovel ready would provide benefit. He stated that there would be <br />benefit, the question would be related to the cost and available funding. <br />Public Works Committee / January 18, 2022 <br />Page 9 of 15 <br />