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<br />Case #4 <br /> <br />Request for RLF Financing - Bennett Cooper Floors <br />By: Michael Mulrooney, Economic Development Consultant <br /> <br />Background: (more information to be provided at meeting) <br /> <br />Bennett-Cooper Floors, Inc. is an S-Corp owned by Gary and Janet Cooper. The <br />business is a full service retail and wholesale floor-covering store located in the <br />City of Ramsey along U.S. Highway 10. The business started in 1993 and moved <br />to the City of Ramsey last year from Spring Lake Park. The property Bennett <br />Cooper acquired is the former home of Anoka Ramsey Sports. The property <br />includes a 10,500 square foot office/showroom building and 12,000 warehouse <br />building located on approximately 2 acres. <br /> <br />Bennett Cooper Floors currently occupies all of the 10,500 sq. ft. building and <br />approximately 4,000 sq. ft. of the second 12,000 sq. ft warehouse building. The <br />owners of the company have expressed an interest in rehabbing the remaining <br />8,000 sq.ft of the warehouse building to make it available for lease to two <br />additional businesses that have expressed an interest in relocating and expanding to <br />the City of Ramsey. The owners are seeking to complete this project to improve <br />the overall performance of Bennett Cooper Floors. <br /> <br />The total project cost for renovating the building is estimated to be approximately <br />$139,000. Below is a summary of the proposed improvements and related costs. <br /> <br />Sprinklers <br />Windows <br />Electric <br />Plumbing <br />Interior Finish <br />Roof Furnace <br />Block Cutting <br />Gas Heaters <br />Garage Doors <br /> <br />$19,900 <br />8,100 <br />25,000 <br />18,000 <br />10,000 <br />30,000 <br />20,000 <br />5,000 <br />3.000 <br /> <br />Total <br /> <br />$139,000 <br /> <br />23 <br /> <br />