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APPENDIX A <br />PROJECT DESCRIPTION <br />The TIP' district wi II be created to taci I itate the development ofapproximately 9.995 net acres located off Rice <br />Street and County Road 132 by St. Jude Medical and to facilitate the construction of various public <br />improvements located at the corner of Highway 36 and Rice Street. <br />St. Jude Medical is a $3 billion international medical device company with global headquarters in Little <br />Canada, Minnesota. The company develops and manufactures medical devices to treat cardiac, neurological <br />and chronic pain patients. St. Jude Medical employs approximately 12,000 people worldwide. St. Jude <br />Medical is proposing to construct a 182,000 square foot facility as the first phase of the project. It is <br />anticipated that the first phase of this project would begin construction in the fall of 2007 with occupancy <br />expected in 2009. Future phases could bring the total expansion square footage to 350,000. This proposed <br />project (first phase) will result in approximately 450 jobs, including existing and new employees consisting <br />primarily of salaried professional positions. This employee base and increased tax revenue, are expected to <br />have a positive impact to the city. <br />The activities related to the project that will require involvement by the City of Little Canada are on -site soils <br />and grading work, extending of utilities, including water, sewer and storm water, boulevard improvements <br />along County Road 132, the addition of a turn lane at the intersection of Rice Street and County Road 132, and <br />improved traffic glow and safety at Viking Drive by eliminating the connection to Rice Street and tying into <br />Minnesota Street. <br />APPENDIX n -I <br />25 <br />