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Mr. James Norman, City Administrator <br />City of Ramsey <br /> <br />Go <br /> <br />FebrUary 21,2003 <br /> <br />6. Identify any planned commercial developments in the Trade Area and analyze <br /> their potential impact on the existing operations of the commercial district and <br /> any proposed future operations. ' · . <br /> <br /> Conclusions and Recommendations-Planning ' <br /> <br />1. Quantify retail demand.for the pr/mary draw area fi:om the project resident and · ' <br /> employee base; identify demand that may come fi:om outside of this 'draw area <br /> and for what types of goods and services and the source of that demand: '. <br />2. Summarize the potential similarities and differences in retail demand generated by <br /> potential market segments that would be attracted to the project (i.e. 'existing <br /> resident base, future resident base, employee base, drive-by through traffiC). <br />3. Identify the total amount of retail space supportable for-the area for target years <br /> 2005 and 2010. ' ' ' ' <br /> <br />4. Assess the current layout of centers in the subject commercial district;identify <br /> advantages/disadvantages of these space sizes in attracting.various types of " <br /> businesses. - <br />5. Identify the types of businesses most appropriate to serve'the retail needs of the <br /> primary draw area; identify the market segments to be served and their source. <br /> <br />Market/Implementation Strategy <br />1. Recommend optimum retail/service mix and a repositioning strategy for the <br /> subject commercial d/strict. <br />2. Recommend two potential scenarios for redevelopment of the existing <br /> commercial district. <br />3. Recommend an appropriate repositioning timeframe, marketing considerations, <br /> challenges to achieving outcomes. <br />4. Report preparation. <br /> <br />Meetings <br />1. Initial orientation meeting (included above). <br />2. A total of seven additional meetings with various stakeholder groups, including <br /> businessowners, EDA, City Council, and others as needed to review findings, <br /> discuss options, review recommendations and identify a course of action.. <br /> <br />Proposed Fee for Consultant Services: <br /> <br />Fee for Reimbursable Expenses: <br /> <br />Total Lump Sum Fee All Inclusive: <br /> <br />$18,640.00 <br />$'500.00 <br />$19;140.00 <br /> <br />Maxfield Research Inc. <br /> <br />6 <br /> <br /> -227- <br /> <br /> <br />