Agenda - Economic Development Authority - 06/14/2007

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for some economic Development updates and some brief interviews with area businesses to let the public know who makes up there industrial community. Look for this to run on your local cable channel. The Business Appreciation Day will be on August 21, 2007 at the -Links at Northfork. Detail of the event will be discussed in a case this meeting. Community Revitalization Proiects 5175 142nd Avenue NW: Nothing newto report. 14050 Basalt Street: Staff will continue to work with Ace Solid Waste for development of the site. A draft purchase agreement was submitted to staff in late January. Once the terms of this purchase agreement are agreed upon the closing will occur very soon. Staff anticipates this project to close no later than June 30, 2007. 14230 Basalt St NW: Building has been demolished and the site has been cleared. Staff is now marketing the property for development. 6590 141 st Avenue: Demolition is. complete and the site will be marketed for development. Miscellaneous Ramsey Crossings: The City was unable to negotiate a deal with a developer to proceed with the Ramsey Crossings Project. Patrick Trudgeon, the Community Development Director, will beat the meeting to give an update. Town Center: Coinmunity Development Director Trudgeon will give an update at the meeting. Additional Parcels Identified for Acquisition: Settlements for Eugene Brown and Sparkle Pool have been reached. The City is conducting the final environmental analysis and should have the properties purchased by July. A settlement for KIH has not been reached but it should be completed prior to the end of July. Hwv 47/167th Commercial Node: Staff has had dialogue with Bob and Greg Mueller of the Commercial Corner. A meeting is being set up with all the owners when they are all available. Scheduling has been difficult due to the fact that the owners have been on vacations at different times. It is realistic to assume that a meeting will have taken place prior to the July EDA meeting. Staffwill contact a few EDA members to attend this meeting.\ Bunker Lake Blvd / Hwy 47 Median: Landmark bank sent a survey out to the business impacted by the construction of the median on Bunker Lake Boulevard between Hwy 47 and Dysprosium St. The survey asked the businesses to assess the impact the median has had on their business. Attached are the results of that survey and comment from Landmark Bank and according to the businesses it is quite apparent that the median has been a detriment to business. The City and County officials will be meeting to discuss the Sunfish Lake Blvd project on June 26. The EDA is welcome to attend and participate in this open meeting. Future Meeting Topics: 1. Cost of Doing Business (JULY) 2. Town Center Signage 26