4.7.
Economic Development Authority (EDA)
- Meeting Date:
- 04/11/2013
- Submitted For:
- Patrick Brama
- By:
- Patrick Brama, Administrative Services
Title:
UPDATES
Background:
Updates, Multiple:
- Annual EDA Business Expo
- 8020 147th Ave NW, Nordvick Property
- Annual Business Appreciation Golf Tournament
- Business Retention & Expansion Program
- Prospect Update
-
Economic Development Manager
Observations:
(1) Annual EDA Business Expo
Saturday, May 4, 2013 - 9:00 am to 2:00 pm
Below is a status update on a number of items related to this event:
• Venue: Fountains of Ramsey, Secured ($350), 35 tables needed ($385)
• Event Flyer: Created, see attached
• Marketing:
(2) 8020 147th Ave NW, Nordvick Property
The City of Ramsey is in the process of improving the existing Highway 10/Armstrong Boulevard intersection to a highway overpass/interchange. Part of this process required the City to purchase privately owned land to dedicate for future right of way (ROW).
The EDA became involved in this process when they assisted the purchase of a property located at 8020 147th Ave NW ("Subject Property"). A small portion of the Subject Property will be dedicated for future ROW. The larger remaining portion was intended to be used for economic development purposes.
The property located at 8020 147th Ave NW contained two commercial buildings; along with various other site improvements. In order to prepare the site for future development, the EDA contracted with Sauter & Son's for the demolition of buildings and site cleanup of the Subject Property.
The EDA and City Council authored a partial payment to Sauter & Son’s in February (90%). Upon establishment of turf on the Subject Property, Staff will release final payment (10%, $2,350).
(3) Annual Business Appreciation Golf Tournament
Based on tradition, Tuesday, August 20 has been selected as the date for the 2013 Annual Business Expo. Staff will be working on the details of this event over the coming months.
(4) Business Retention & Expansion Program
The EDA and City Council Reviewed the 2012 Business Retention and Expansion (BR&E) Program report in February. Staff was directed to continue the BR&E program in 2013, to expand the scope of target businesses and to develop a branded letter to be sent to all businesses visited in 2012. Staff will begin the 2013 program in late April.
(5) Prospect Update
Staff is working with five prospects considering expansion in the City of Ramsey. Said businesses shall remain anonymous until directed.
(6) Economic Development Manager
The City posted a job opening for an Economic Development Manager in February. The application window closed in March. Interviews were completed on April 4. The new Staff person is set to begin in mid May. Attached is the Economic Development Manager job posting.
Saturday, May 4, 2013 - 9:00 am to 2:00 pm
Below is a status update on a number of items related to this event:
• Venue: Fountains of Ramsey, Secured ($350), 35 tables needed ($385)
• Event Flyer: Created, see attached
• Marketing:
o Mailers, 9,000qty, color half page ($2,300), 2-3 weeks before event
o Mobile Sign Boards, Five ($750), 3 weeks before event
o PACT Charter, Color Full Page, 1,800qty, ($350)
o Ramsey Resident, Facebook, Dynamic Display (free)
o Mobile Sign Boards, Five ($750), 3 weeks before event
o PACT Charter, Color Full Page, 1,800qty, ($350)
o Ramsey Resident, Facebook, Dynamic Display (free)
• Exhibitor Registration Form: Created, see attached
o Past participating exhibitors have been contacted
o Staff personally contacted 50 businesses
o Registration is full
o Registration is full
Budget for this event is $3,500. Considering items above, expenditures will be $4,500. Staff estimates revenues will be $1,350. The difference between estimated costs and revenues would be $3,150 ($3,500 budgeted). Therefore, the EDA would have an estimated $350 balance.
(2) 8020 147th Ave NW, Nordvick Property
The City of Ramsey is in the process of improving the existing Highway 10/Armstrong Boulevard intersection to a highway overpass/interchange. Part of this process required the City to purchase privately owned land to dedicate for future right of way (ROW).
The EDA became involved in this process when they assisted the purchase of a property located at 8020 147th Ave NW ("Subject Property"). A small portion of the Subject Property will be dedicated for future ROW. The larger remaining portion was intended to be used for economic development purposes.
The property located at 8020 147th Ave NW contained two commercial buildings; along with various other site improvements. In order to prepare the site for future development, the EDA contracted with Sauter & Son's for the demolition of buildings and site cleanup of the Subject Property.
The EDA and City Council authored a partial payment to Sauter & Son’s in February (90%). Upon establishment of turf on the Subject Property, Staff will release final payment (10%, $2,350).
(3) Annual Business Appreciation Golf Tournament
Based on tradition, Tuesday, August 20 has been selected as the date for the 2013 Annual Business Expo. Staff will be working on the details of this event over the coming months.
(4) Business Retention & Expansion Program
The EDA and City Council Reviewed the 2012 Business Retention and Expansion (BR&E) Program report in February. Staff was directed to continue the BR&E program in 2013, to expand the scope of target businesses and to develop a branded letter to be sent to all businesses visited in 2012. Staff will begin the 2013 program in late April.
(5) Prospect Update
Staff is working with five prospects considering expansion in the City of Ramsey. Said businesses shall remain anonymous until directed.
A. The City has been working with Diamond Graphics over the past two months to negotiate the sale of City owned Property located at 14280 Azurite Street NW. See attached reference map.
The Subject property is 4.8 acres in size, is located on the north side of Bunker Lake Boulevard adjacent to MultiSource Manufacturing and Diamond Graphics. The Subject Property is zoned Employment 1 (E1).
The Council approved the sale of the Subject Property on March 26, 2013 for the price of $410,000 to Diamond Graphics. Moving forward, the Council needs to adopt an ordinance to sell the Subject Property; Staff will be drafting and executing a purchase agreement with the buyer.
The Subject property is 4.8 acres in size, is located on the north side of Bunker Lake Boulevard adjacent to MultiSource Manufacturing and Diamond Graphics. The Subject Property is zoned Employment 1 (E1).
The Council approved the sale of the Subject Property on March 26, 2013 for the price of $410,000 to Diamond Graphics. Moving forward, the Council needs to adopt an ordinance to sell the Subject Property; Staff will be drafting and executing a purchase agreement with the buyer.
B. A large/significant Ramsey manufacturing has expressed interest in making a significant expansion in Ramsey. Since December, this prospect has shown no activity. This prospect is cold.
C. This prospect is interested in expanding a function of their businesses from 5,000 to 10,000 square feet. Their primary business is located in a facility they own, totaling 60,000 square feet. They have additional space within their existing location in which they lease out to a significant Ramsey manufacturer. The will be taking over that space in the summer of 2014.
Staff is contacting said lessee to find a solution for their business in Ramsey.
D. A medium sized Ramsey manufacturing company has expressed interest in expanding their existing 20,000 square foot facility by 10,000. This prospect has indicated they are working with builders to develop cost estimates.
E. A small sized, quickly growing, Ramsey manufacturer has expressed interest in an expansion to their existing 10,000 square foot facility. They intend to expand this summer; and will be looking for a long term home for their business in 2014.
F. A small sized, quickly growing, Ramsey concrete business has expressed interest in purchasing City owned property located off of Ramsey Boulevard and Highway 10. This successful business needs room to expand in the next 1-2 years. Today, they are working with contractors to develop cost estimates.
C. This prospect is interested in expanding a function of their businesses from 5,000 to 10,000 square feet. Their primary business is located in a facility they own, totaling 60,000 square feet. They have additional space within their existing location in which they lease out to a significant Ramsey manufacturer. The will be taking over that space in the summer of 2014.
Staff is contacting said lessee to find a solution for their business in Ramsey.
D. A medium sized Ramsey manufacturing company has expressed interest in expanding their existing 20,000 square foot facility by 10,000. This prospect has indicated they are working with builders to develop cost estimates.
E. A small sized, quickly growing, Ramsey manufacturer has expressed interest in an expansion to their existing 10,000 square foot facility. They intend to expand this summer; and will be looking for a long term home for their business in 2014.
F. A small sized, quickly growing, Ramsey concrete business has expressed interest in purchasing City owned property located off of Ramsey Boulevard and Highway 10. This successful business needs room to expand in the next 1-2 years. Today, they are working with contractors to develop cost estimates.
(6) Economic Development Manager
The City posted a job opening for an Economic Development Manager in February. The application window closed in March. Interviews were completed on April 4. The new Staff person is set to begin in mid May. Attached is the Economic Development Manager job posting.
Funding Source:
NA
Staff Recommendation:
NA
Action:
NA
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Kurt Ulrich | Kurt Ulrich | 04/05/2013 03:18 PM |
- Form Started By:
- Patrick Brama
- Started On:
- 04/04/2013
- Final Approval Date:
- 04/05/2013