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<br />. <br /> <br />~ 71 % of the land area is vacant or used as outdoor storage <br />Inadequate infrastructure <br />~ None of the 16 parcels are served by either city sewer or city water <br />Multiple parcels and owners <br />)> Multiple parcel owners make this area unlikely to redevelop without city <br />action <br />Tax base expansion <br />}> Tax increase is $330.000 per year above current rates <br /> <br />Councilmembef Elvig clarified this does not include the areas outside of the <br />TIF District, which amount to an additional amount of approximately <br />$500,000. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />Transportation corridors <br />}> Significant increases in adjacent road infrastructure are required <br />Services to residents <br />). Large box retail is under-represented in the City of Ramsey <br />}> Complimentary to Ramsey Town Center uses <br />)> Approximately 700 to 1,000 new jobs will be created within the City of <br />Ramsey <br /> <br />. <br /> <br />Mr. Lasher stated this summary of the goals is a reminder of how the Ramsey Crossings project <br />was started. The only new line item added was the stipulation of the number of jobs. Mr. Lasher <br />advised Ryan Companies has indicated the project would not include a need for Parcel B and a <br />portion of Parcel H; the entire project will incorporate 47 acres. He reviewed the following <br />information included in the Ramsey Crossing Ryan Companies Preliminary Site Program: <br /> <br />. Major Discount Retail Anchor wI Grocery Store - 186,000 SF <br />. Major Home Improvement Anchor - 136,000 SF <br />. Junior Anchor - 40,000 SF (Sports, electronics...) <br />. Various Pad Sites - l13,OOO SF (Restaurants, In-Line retail, drug store...) <br /> <br />TOTAL 475,000 SF <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />NEW Four-Way Slgnalized Intersection at Armstrong and Parkway with full pedestrian <br />movements <br />Improved three-way non-signalized movements at Sunwood Drive <br />1 16th Street extension to north-south Sunwood Drive extension <br />Expanded utilities for new development services to properties west of Ramsey Crossings <br /> <br />Mr. Lasher indicated the initial TIF District created for this project excluded Parcel B; therefore. <br />this 475.000 SF project is within the TIF District. At some point Council will need to have a <br />discussion about Parcel B and the unused portion of Parcel H. <br /> <br />Councilmember Olson asked if the County has approved the intersection with the three-way oon- <br />signalized movements at Sunwood Drive. <br /> <br />Mr. Lasher replied the County has approved it preliminarily, but a written document has not been <br />received yet. <br /> <br />City Council :Work Session I March 6, 2007 <br />Page 2 of8 <br />