Agenda - Economic Development Authority - 12/12/2024

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Chairperson Wiyninger noted that there is an oil change company, Take 5, building right now in Ramsey and asked if there would be support for a restrictive covenant on the property to ensure that another oil change business is not constructed. Mr. Hauser stated that they do not like to place restrictive covenants on their properties, especially when they are paying top dollar along with hundreds of thousands of dollars into their projects. He stated that Take 5 is one of their clients. Economic Development Manager Sullivan presented the proposal from Circle K. Kasner Sturm, Circle K, provided background information on Holidaonvenience and gas stations, which were purchased by Circle K. He stated that they would love to bring another store to Ramsey and continue their partnership. He recognized that food is an important element to Ramsey which is why they proposed to add the Godfather's location to this site. He recognized the wetland impacts in the original concept and stated that they have worked tq hange the site plan t void/minimize the wetland mitigation to the extent possible. Member Riley commented that the City was told that t for more information. d not be dev,v ped and asked Economic Development Manager Sulliv., , ed that the City did a mass grading project and compacted soils to be pad ready. He state ity spoke with the WMO about the ability to potentially fill in more of the wetland for dev •pm-. ; you cannot fill in a wetland to have more developable space, but you can do that as part of a specific project. He stated that wetland fill, and mitigation would still need from the WM and likely would be expensive. Elliott Christianson, ood Professional Services, stated that they are a local civil engineering consulting project and w ed on a recent project with Priillips Edison Group as well. He stated that they do have specialists thatwork on w iti on and water quality. Motion by ' airperso ninget, seconded by Member Stewart, to enter closed session at 8:12 a.m. pursua • Minnesota Statutes Sectionel3D.05, Subdivision 3(c)(3) to consider offers or coun ro . or the purchase or sale of real or personal property of the property described at Outlot D, Waterfro lage, PID 28-32-25-22-0107. Motion carried. MacLennan, and Ri Yes: irperson Wiyninger, Members Stewart, Howell, Johnson, Lindahl, No: None. Absent: None. The EDA returned to o ' n session at 8:24 a.m. Chairperson Wiyninger stated that during closed session the EDA discussed which proposal would best serve the community with the highest and best use. Motion by Member Johnson, seconded by Member Lindahl, to direct staff to negotiate a Purchase Agreement with Capital Real Estate, Inc. and present a Purchase Agreement to the EDA for consideration at a later meeting. Economic Development Authority/ October 10, 2024 Page 4 of 7