RM Golf Carts Project Update 

During the past two months the City has been working with RM Golf Carts, a small Ramsey business that has outgrown its current location at  6080 Highway 10.  To retain the business in Ramsey, the Economic Development/Marketing Manager reviewed several potential locations with the business owner, Mark Kaufman.  Mr. Kaufman also considered other building locations in several communities in the north Metro.  Ultimately, he made a proposal to lease the City-owned building at 7039 Hwy 10 (known as the former EZ Tractor site).

RM Golf Carts will relocate to the new location and will pay for any leasehold improvements to the existing building.  The existing 3,100 sq. ft. building has been gutted by previous owners (Public Works has removed all city equipment that was stored in the building.)  At its April 26th meeting the Economic Development/Marketing Manager presented the project to the City Council.  City Council approved the proposed five-year lease of the property to RM Golf Carts.  The tenant will pay the City $1,050 per month in the first year (starting June 1, 2011), $1,250 per month in the second year, and $1,500 per month thereafter.  The Economic Development/Marketing Manger has been working with the business and the City Attorney regarding the specifics of the lease agreement and as of May 6, 2011 the agreement was executed by the business owner.

The owner of RM Golf Carts expects to expand his business in the new location, increase his sales, and hire 2 additional people in the next two years.  Mr. Kaufman has not requested any financial assistance from the EDA.

No EDA funds are being requested.  

N/A 

N/A.  Informational.