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Member MacLennan arrived. <br />4. EDA BUSINESS <br />4.01: Consider First Amendment to Purchase Agreement for Parcel 50; Case of Java <br />Properties <br />Economic Development Manager Sullivan presented the staff report. <br />Mark Krogh, Java Properties, was present to answer questions. He noted that the biggest delay <br />has been trying to determine the timing of construction for Ramsey Boulevard and related closures. <br />He commented that they have been working diligently with Anoka County and within the last <br />month have been able to find out an estimated timeline for Ramsey Boulevard closures and <br />construction, which will be seven to ten months. He stated that they are now working with tenants <br />and the bank on negotiations for rent impacts. He believed they would have that all figured out <br />within the next six months. <br />Member Stewart asked if there are tenants for all the spaces. <br />Mr. Krogh stated that they have letters of intent from all potential tenants and will work forward <br />with leases now that they know the details of the road closures. <br />Member Riley commented that it seems that the applicant and the City are doing what they can, <br />and Anoka County has been cooperating, although at a slower pace. He asked if there is anything <br />the City could do further to assist. <br />Mr. Krogh stated that it would be helpful if the City assists with the construction of Veterans Drive, <br />as access will be important. He noted that they are still getting cost estimates now that they have <br />found out more details from the County. <br />Member Wiyninger stated that he is excited to see this project move forward and asked the <br />anticipated timelines for this project. <br />Mr. Krogh commented that they would have to close on the property by December and therefore <br />construction would be planned for 2023. <br />Motion by Member Stewart, seconded by Member Johnson, to recommend to City Council to <br />approve First Amendment to Purchase Agreement on Parcel 50 with Java Properties as presented, <br />subject to City Attorney review. <br />Motion carried. Voting Yes: Chairperson Olson, Members Stewart, Johnson, Howell, <br />MacLennan, Riley, and Wiyninger. Voting No: None. Absent: None. <br />4.02: Consider Application for Sign and Awning Program: Miss IZ Ice Cream LLC <br />Economic Development Manager Sullivan presented the staff report. <br />Economic Development Authority/ July 14, 2022 <br />Page 2 of 4 <br />