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eld <br /> <br />Research inc. <br /> <br />tebruary 21, 2003 <br /> <br />Mr. James E.. Norman <br />City. Administrator <br />City of Ramsey <br />15153 Nowthen Blvd. <br />Ramsey, MN 55303 <br /> <br />Dear Mr. Norman: <br /> <br />Maxfield Research Inc. is pleased to submit our proposal to conduct a demand and competitive <br />· market analysis for the commercial district located at TH-47 and 167th'Avenue.in Ramsey. As <br />we understand, this commercial district is currently facing significant competition from other <br />shopping areas and is likelY to be further impacted as a result of the new Town Center project. <br />This assi.gnment is to identify the growth potential for this district, analyze its current <br />competition and provide an assessment and recommendations for repositioning in light of future <br />development planned for Ramsey. <br /> <br />We have developed a work program for .this analysis that we believe will provide key <br />information necessary to make effective and sound development decisions regarding enhancing <br />this commercial district's competitiveness in the marketplace and its position within the larger <br />commercial framework planned for Ramsey as the community grows. The enclosed proposal for <br />analysis presents our previous experience, our work approach,.a task outline for th/s project, <br />proposed meetings, a preliminary, budget and timeframe for analysis. <br /> <br />We understand that this development will serve to potentially act as a catalyst for further <br />redevelopment in the immediate neighborhood and it is our intent to fully explore and present the <br />factors that will be necessary to effect this shift, both from a retail and a housing perspective. <br /> <br />Please review the enclosed proposal. We are available at any time to discuss the proposal_with <br />the City and other project stakeholders. <br /> <br />Please contact me if you have questions or need additional information. <br /> <br />Sincerely, <br /> <br />MAXFIELD RESEARCH INC'. <br /> <br />Mary Ci Bujold '---v ~/ ' <br />President - Director of Research <br /> <br />Enclosures <br /> <br /> (phone) 612.338.0012 (fox) 6.t2.904.7979 <br /> <br />First Avenue NE. Suite. 400, Minneaoolis, MN 55413 <br /> <br />-221 - <br /> <br /> <br />