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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 />