Agenda - Economic Development Authority - 06/08/2023

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Ms. Allegra acknowledged the comments of the EDA. She explained that they are a large parcel, and a hotel cannot be developed within a strip mall, such as Aldi which would have competition from strip mall users. She stated that because of the wetlands in the requested restriction area, there could be maybe two competitors within that area. She commented that Aldi does not have concern with coming into a new market because they are a grocer and also do not require TIF, noting that lodging is a much different thing. She stated that they want to be a success, which will make Ramsey a success. She stated that once they are established, they will help to attract more lodging, which will also help Ramsey. Motion by Member MacLennan, seconded by Member Wiyninger, to recommend to City Council to look for a lesser term (five years) and a smaller land area for the proposed use restriction. Motion carried. Voting Yes: Chairperson Wiyning r, Members MacLennan, Lindahl, and Riley. Voting No: Members Howell and Stewart. Abs Member Johnson. 4.02: Consider Purchase Agreement and Right of Re -Entry Agreeme Site (37a); Case of CBN En rises LLC (Jam Hops) (Portions m public) Economic Development Manager Sulli presented the staff report. B & A Cylinder closed to the Member Stewart asked if it has been verified that the wy 10,E Ramsey Interchange road improvements will not utilize any portion of this site. om Economic Develop anager illivan confirmed that this site will not be used for the Highway 1 Ramey Interchange project. 0010 Chairperson Wiyninger invited the applicant to provide input. Brenda Nd1e. pplicant, stated that they ve been in business since 1997 starting as a gymnastics business, exp:�+ing by adding a dance pram, preschool, theater, ninja, birthday parties and day camps. She stated that they attempt to help the children and families in the community. She stated that this will be their third building location. She recognized that this is a large parcel, but they have outgrown every sin e arcel they have been in. She anticipated that this location would expand as well. She stat hey have a location on the border of Anoka/Ramsey and are out of space with a waiting list. he stated that they are renting that space and it is being sold with a deadline to move by next May, which led to this moving forward. Member MacLennan asked the size of the current rental in Anoka/Ramsey. Ms. Nolby replied that building is 16,000 square feet and currently has gymnastics and theater programing. She stated that they will be adding a ninja program and potentially a swim school in the future. Economic Development Authority/ May 11, 2023 Page 4 of 5