4.4.
Economic Development Authority (EDA)
- Meeting Date:
- 03/09/2017
- Submitted For:
- Patrick Brama
- By:
- Patrick Brama, Administrative Services
Title:
Arterial Infrastructure Discussion RE City of Ramsey's Future Business Park & Capstone Homes Development
Purpose/Background:
PURPOSE
Introduce the attached Capstone Homes proposal for funding and constructing arterial infrastructure improvements located on Bunker Lake Boulevard and Puma Street near the City's new business park (see attached MOU).
Staff welcomes questions, suggestions, and preliminary feedback (very helpful). Staff is requesting the EDA identify any information missing from this case needed to formally process/ respond to the request from Capstone Homes.
The purpose of this case is not to make a final/ formal decision RE the Capstone Proposal (the attached MOU). This case will come back to the EDA and Council in April for formal direction.
BACKGROUND
Please see attached "background data." This case is being reviewed by the EDA because the project is proposed to utilize two economic development funding sources. Due to the fact that the proposed arterial infrastructure will serve the City's future business park, potential funding source for the arterial infrastructure include both the EDA Fund and Anoka County EDA/ HRA accounts.
Introduce the attached Capstone Homes proposal for funding and constructing arterial infrastructure improvements located on Bunker Lake Boulevard and Puma Street near the City's new business park (see attached MOU).
Staff welcomes questions, suggestions, and preliminary feedback (very helpful). Staff is requesting the EDA identify any information missing from this case needed to formally process/ respond to the request from Capstone Homes.
The purpose of this case is not to make a final/ formal decision RE the Capstone Proposal (the attached MOU). This case will come back to the EDA and Council in April for formal direction.
BACKGROUND
Please see attached "background data." This case is being reviewed by the EDA because the project is proposed to utilize two economic development funding sources. Due to the fact that the proposed arterial infrastructure will serve the City's future business park, potential funding source for the arterial infrastructure include both the EDA Fund and Anoka County EDA/ HRA accounts.
Notification:
NA
Observations/Alternatives:
Please see attached "alternatives" document.
Funding Source:
TBD
Recommendation:
NA
Action:
Please see "purpose" of this case.
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Kurt Ulrich | Kathy Schmitz | 03/06/2017 02:48 PM |
| Kurt Ulrich | Kurt Ulrich | 03/06/2017 03:04 PM |
| Kurt Ulrich | Kurt Ulrich | 03/06/2017 03:04 PM |
- Form Started By:
- Patrick Brama
- Started On:
- 02/20/2017 03:23 PM
- Final Approval Date:
- 03/06/2017