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Economic Development Manager Sullivan stated that within the packet he provided development <br /> updates on various projects within Ramsey and welcomed any questions. <br /> Member Johnson asked for input on the building being constructed in the Coborn's parking lot. <br /> Economic Development Manager Sullivan replied that the building is being done by Northstar <br /> Marketplace, is speculative and has a drive-thru unit that would lend itself to some type of food <br /> service. He stated that there are not any tenants signed on as of yet and noted that he will provide <br /> an update once tenants sign on. He noted that Papa Murphy's and Anytime Fitness will be opening <br /> in the building constructed on the other side of Armstrong Blvd which will create more energy in <br /> that area. <br /> Chairperson Olson stated that he has been getting questions on a grocery store and asked for an <br /> update. <br /> Economic Development Manager Sullivan stated that the City has entered into an LOI with a <br /> convenience grocer and although there were some delays, he anticipates that item will come <br /> forward to the EDA at an upcoming meeting. <br /> Member Wiyninger referenced the LOI section and asked if any of those projects are at risk. <br /> Economic Development Manager Sullivan provided a brief update on the status of the different <br /> projects listed within that section. <br /> Member MacLennan referenced the sports dome, noting that original ARAA was thinking of <br /> bringing in a partner and perhaps a restaurant. He asked if there was any progress on those <br /> potential partnerships. <br /> Economic Development Manager Sullivan replied that staff has met with the architects and at this <br /> time they are proposing a sports dome with two other buildings, which could still be a restaurant <br /> and/or orthopedics user. He noted that the association would like to submit a site plan in December <br /> which would lead to discuss at the Planning Commission in January. He stated that tied to that <br /> would be the Ferret Street and West Armstrong infrastructure study which should be completed <br /> by the end of November. He anticipated that the road project could occur in 2023 and noted that <br /> the Council will still need to discuss the different funding sources available for that project. He <br /> noted that ARAA is still planning on the dome being a 2023 project as well. <br /> Member MacLennan asked if the City would have to purchase property for a stormwater pond. <br /> Economic Development Manager Sullivan noted that there are two options for a stormwater pond. <br /> He stated that one option would use a larger pond that would require the building to be removed <br /> while the second would use a smaller pond and in that case the building would not need to be <br /> removed. He noted that property owners in that area are supportive of the project and would be <br /> willing to work with the City and sell property to the City that may be necessary to move forward <br /> with that project. <br /> Economic Development Authority/November 10, 2022 <br /> Page 3 of 4 <br />