Minutes - Economic Development Authority - 10/12/2023

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Economic Development Manager Sullivan confirmed that the developer would not have been interested without the installation of the new street, sewer, water and storm. He explained the challenges and increased costs relating to septic systems and fire suppression systems if there was not City Services to the site. He then referenced the south portion parcel 42 (Aldi on the north), noting that two oil change businesses are looking at that spot. He asked if the EDA would support that type of use on that site. Member Lindahl noted that with Aldi blocking the view that would be a good complimentary use. She noted that the new buildings of that type often look nice and therefore it would blend well. Member Riley commented that while he would prefer a restaurant, he recognized that this is what the market is bringing. He stated that as long as the building meets the standards, he could support that. Economic Development Manager Sullivan referenced the former Anytime Fitness space and noted that there is a potential restaurant user looking to build out that space. He noted that there are also potential users to backfill the vacant restaurant space formerly occupied by the Kitchen Table. He noted another site that has interest from a senior housing developer. He noted that perhaps if that site is chosen, they would want to request first floor retail or encourage the developer to look at another location. Member Lindahl commented that she would think that frontage should be preserved, as she would think that senior housing would include fencing. She noted that perhaps a park feature for grandkids could be added near the street and the building could be pushed back. Economic Development Manager Sullivan noted that all the buildings in that stretch have to be close to the street, which is why his thought was first floor retail. He noted that perhaps another site not on the main roadway would be better fitting for that project. He stated that perhaps it would make the most sense to hold out on that site as the hotel on the adjacent parcel could help bring more retail opportunities. Acting Chairperson Stewart stated that perhaps the building is pushed more towards West Ramsey Parkway which would leave frontage on the main street for retail opportunities. Member Riley commented that he would not support that location and would need to think more about a different location. Acting Chairperson Stewart agreed with Member Riley. She stated that she would also prefer to have the oil change business located near O'Reilly's. Economic Development Manager Sullivan noted that was discussed but there is no interest by the oil change businesses to go in that location because up the upcoming Ramsey Boulevard interchange project. He noted that the traffic counts are also higher on Armstrong and the businesses both preferred that area. He commented that Aldi does have use restrictions in place and is likely willing to work with these users. Economic Development Authority/ October 12, 2023 Page 3 of 4