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<br />Case # 5 <br /> <br />MEMO <br /> <br />DATE: <br /> <br />January 5, 2007 <br /> <br />TO: <br /> <br />Economic Development Authority (EDA) <br /> <br />FROM: <br /> <br />Sean Sullivan, Economic Development Coordinator <br /> <br />RE: <br /> <br />Staff Update <br /> <br />New Business Prospects: <br /> <br />Cullinan Rigging - This prospect is still interested in developing the site in Ebony <br />Addition. <br /> <br />Minnesota Waterjet - Project financing is still being worked out and it appears as if the <br />transaction will be complete in January 2007. <br /> <br />2/3 size Hockey Rinks - Staff received numerous inquiries about locating a 2/3 hockey <br />rink and training facility to Ramsey. Site of interest include Diamonds Sports Bar and <br />other lots in all industrial parks. Once an inquiry becomes closer to reality it will be <br />brought to the EDA for discussion. <br /> <br />Unnamed Prospect - A small manufacturer (20,000 - 35,000 S.F.) has shown interest in <br />locating to the City of Ramsey. The company is interested on locating on Ebony <br />Addition site. Stay tuned ... <br /> <br />Panther Precision - Panther continues to express interest in acquiring the site adjacent <br />to its existing facility. <br /> <br />Luxury Recreational Vehicle manufacturer - A start-up business that builds luxury <br />recreational vehicles is interested in locating in Ramsey. They have expressed interest in <br />utilizing the revolving loan fund. More information to come. <br /> <br />Business Grand Openines:. None reported. <br /> <br />Business Communication Initiatives: A business connection meeting is tentatiyelysetupfor <br />FebruafylMarchof2.o07. <br /> <br />Community Revitalization Projects <br /> <br />6030 Bunker Lake Boulevard NW: The purchase agreement for Zero-Zone is executed and the <br />company is doing its due diligence on the lot in Business Park 95. The purchase agreement <br />states a closing date that should occur prior to the end of January 2007 <br /> <br />15 <br />