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<br />Case # 6 <br /> <br />MEMO <br /> <br />DATE: <br /> <br />August 2, 2007 <br /> <br />TO: <br /> <br />Economic Development Authority (EDA) <br /> <br />FROM: <br /> <br />Sean Sullivan, Economic Development Coordinator <br /> <br />RE: <br /> <br />Staff Update <br /> <br />New Business Prospects: <br /> <br />Unnamed Prospect - Printing Company; 50,000 SF with opportunity to expand. <br /> <br />Unnamed Prospect - A Biotech manufacturer (70,000 - 80,000 S.F. with expansion up <br />to 150,000 S.F.) has shown interest in locating to the City of Ramsey. The company has <br />interest in the large lot in Sunfish Lake Business Park. Staff has met with the site <br />selection team for this company and there is certainly interest in locating to Ramsey. <br />They also have put an offer in for the Cornelius building in Anoka.Stay tuned... <br /> <br />Unnamed Prospect - A precision tooling company that is interested in a site that could <br />accommodate 150,000 S.F. <br /> <br />Unnamed Prospect - Medical product manufacturer; size unknown. <br /> <br />Unnamed Prospect - Manufacturer in the rotary market; size unknown <br /> <br />Unnamed Prospect - Manufacturer in tools and plastics; size unknoV\7Il <br /> <br />Unnamed Prospect - A law firm/satellite company is interested in constructing a 10- <br />15,000 SF office building. <br /> <br />Business Grand Openin2s: None <br /> <br />Business Communication Initiatives: The Business Appreciation Day will be held at the Links <br />at Northfork on August 21,2007. <br /> <br />Community Revitalization Proiects <br /> <br />5175142nd AvenueNW: Nothing new to report. <br /> <br />14050 Basalt Street: Staff will continue to work with Ace Solid Waste for development of the <br />site. A draft purchase agreement was submitted to staff in late January. Once the terms of this <br />purchase agreement are agreed upon the closing will occur very soon. Staff anticipates this <br />project to close no later than September 2007. <br /> <br />14230 Basalt StNW: Building has been demolished and the site has been cleared. <br /> <br />67 <br />