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Introduction and Background <br />Encompassing over 400 acres of commercial, residential, and recreational venues, The COR is <br />becoming the most active development in the north metro with over $80m in active projects. In <br />addition to being the largest TOD development assemblage on the Northstar Commuter Rail Line, The <br />COR is located on one of the fastest growing corridors in the Midwest. Existing structured parking and <br />infrastructure positions The COR to attract development that makes sense, grows jobs, and expands <br />the regional economy. Whether you are enjoying The COR's many parks and trails, shopping at the <br />farmers market, commuting to downtown Minneapolis, or just relaxing in your home, The COR offers <br />residents and visitors an authentic lifestyle that comes with living in a city that reflects those who call <br />this area home. <br />Project Highlights: <br />• Immediate exposure to approximately 40,000 ADT on Highway 10 <br />• Over $80m in new projects under construction or contract: Over 60,000 S.F. <br />• Medical, Over 300 residential units, 200 additional structured <br />parking stalls <br />• Existing transit station with 800 structured parking stalls <br />• Construction commenced on Ramsey Station <br />Scheduled to begin Fall 2011 <br />• Armstrong Overpass currently in design phase <br />• $65m TIF in place for funding infrastructure and development <br />In 2003, groundbreaking occurred under the original Master Plan. In 2011, the City approved The COR <br />Development Plan to replace the original Ramsey Town Center Master Plan. In addition, in 2012 the City <br />approved a new document entitled The COR Design Framework. This document incorporates specific <br />design elements and site plan information from both the original Master Plan document as well as the <br />former Ramsey Town Center Design Guidelines. Rather than having two (2) separate documents <br />specifying private and public design components, the City chose to merge these two (2) documents into <br />one (1) concise document for ease of administration. <br />Transit Oriented Development <br />The COR is a Transit Oriented Development (TOD) along the Northstar Commuter Rail. The Ramsey <br />Station is the key node of the development. With the revised Development Plan, the energy of the <br />development was refocused towards this center, as well as within a half -mile radius of this node. A <br />portion of the development fall outside the official TOD Area (half -mile radius from the Ramsey Station). <br />A portion of the land use designation and zoning district extend further beyond these limits, located <br />west of Armstrong Boulevard. <br />City of Ramsey Comprehensive Plan Amendment -The COR Page 5 <br />