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Case # 4 <br /> <br /> Storage Project <br />By: Sean Sullivan, Economic Developmen. t/TIF Specialist <br /> <br />Background: <br /> <br />The City has been approached by a Developer to develop a 10 acre parcel in Sunfish Lake Business Park. The <br />project consists of 3 phases and would have a variety of storage buildings. The completed project would utilize <br />a significant portion of Lot 4, Block 1, Sunfish Lake Business Park (See Map). In past EDA meetings the <br />availability of Industrial Land in the City of Ramsey has been discussed. <br /> <br />Observations: <br /> <br />The project is proposed on probably the best piece of industrial land in the City of Ramsey. Last year we had <br />over 192,000 SF of industrial buildings constructed in the City of Ramsey. The fact that this project is phased <br />over a period of time and that the demand for a more suitable industrial users is high in the City of Ramsey begs <br />the question of the best use for this property. The EDA should discuss this project generally and decide if this <br />project warrants a recommendation to proceed ahead with negotiations to facilitate a sale to the developer. <br /> <br />Recommendation: <br /> <br />No recommendation <br /> <br />EDA Action: <br /> <br />Based on Discussion <br /> <br />EDA: 01.11.06 <br /> <br />15 <br /> <br /> <br />