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<br />Case # 1 <br /> <br />Industrial Property Status <br />By: Sean M. Sullivan, Economic Development Coordinator <br /> <br />Background: <br /> <br />At the April 19 EDA meeting Staff was directed to analyze the Status of City owned industrial <br />property within the city. Attached is a map that indicates property currently owned by the city, <br />property purchases in progress, and potential future acquisitions. The City owns about 30 acres <br />of industrial land currently, is purchasing 4 more, and 40 are listed as potential future <br />acquisitions. It should be noted that 6 of the acres that City currently owns and in the process of <br />being sold to developers (Cullinan, Ace Solid Waste) It is becoming clear that the amount of <br />industrial land controlled by the City is decreasing and at our current rate of development it <br />likely could be exhausted by 2009. The purpose of this case is to open discussion about future <br />industrial growth in the City of Ramsey. <br /> <br />Recommendation: <br /> <br />None. <br /> <br />EDA Action: <br /> <br />Based on Discussion <br /> <br />EDA: 6.14.07 <br /> <br />8 <br />