5.5.
Regular Planning Commission
- Meeting Date:
- 08/06/2015
- Submitted For:
- Patrick Brama
- By:
- Patrick Brama, Administrative Services
Information
Title:
Receive Future Business Park Infrastructure Analysis Preliminary Report
Purpose/Background:
PURPOSE:
The purpose of this case is to review a preliminary report from Bolton & Menk on required infrastructure improvements to the City's future business park; and to take comments/ suggestions.
The EDA reviewed this document in July; and will be reviewing a revised version on August 13. Staff is not looking for a specific motion or direction from the Planning Commission at this point. The intent is to simply convey they information to the Planning Commission early in the process in order to frame future policy discussions. That being said, Staff welcomes thoughts on the land use implications of the proposed future improvements shown in the study. Adopting the study in no means obligates the City to any improvements or investments.
For background on this work, please see attached RFQ.
Staff Note:
It is Staff's perspective, the "Project Financing" portion of this report is the last major outstanding item (page 11). Bolton & Menk would like to receive comments/ amendments to this preliminary report before the "Project Financing" section is completed. Staff intends to direct Bolton & Menk to develop multiple financing options. Staff will also connect with other City's and private developers to identify alternative strategies for assigning costs/ project financing. This report will be in front of the City Council on August 25.
The purpose of this case is to review a preliminary report from Bolton & Menk on required infrastructure improvements to the City's future business park; and to take comments/ suggestions.
The EDA reviewed this document in July; and will be reviewing a revised version on August 13. Staff is not looking for a specific motion or direction from the Planning Commission at this point. The intent is to simply convey they information to the Planning Commission early in the process in order to frame future policy discussions. That being said, Staff welcomes thoughts on the land use implications of the proposed future improvements shown in the study. Adopting the study in no means obligates the City to any improvements or investments.
For background on this work, please see attached RFQ.
Staff Note:
It is Staff's perspective, the "Project Financing" portion of this report is the last major outstanding item (page 11). Bolton & Menk would like to receive comments/ amendments to this preliminary report before the "Project Financing" section is completed. Staff intends to direct Bolton & Menk to develop multiple financing options. Staff will also connect with other City's and private developers to identify alternative strategies for assigning costs/ project financing. This report will be in front of the City Council on August 25.
Notification:
NA
Observations/Alternatives:
NA
Funding Source:
The study is being funded from the Tax Increment Finance (TIF) District No. 1
Recommendation:
NA
Action:
Staff is not looking for a specific motion or direction from the Planning Commission. Staff is looking for general comments/ questions/ suggested amendments to the report as it relates to land use implications of the study. The EDA and City Council will be the primary reviewers of the financing sections of the study.
Attachments
- Ramsey Business Park 07022015
- Request For Qualifications (RFQ) Future Business Park Bunker and Puma Improvements 11 19 2014
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Brian Hagen | Tim Gladhill | 07/31/2015 02:09 PM |
| Kurt Ulrich | JoAnn Shaw | 07/31/2015 02:22 PM |
- Form Started By:
- Patrick Brama
- Started On:
- 07/20/2015 09:36 AM
- Final Approval Date:
- 07/31/2015