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Draft EDC Minutes November 20, 2015 Page 5 of 8 The Beard Group could purchase the Phase II site, however they would like to study the markets for a potential Phase II commercial development and not be locked into a timeline or build a new building that sits vacant. Beeman said The Beard Group would like to break ground in the spring of 2016 and get all of the development agreements, land negotiation, zoning requirements, etc. completed this winter so that they are clear for the spring. Business Retention & Expansion Visit (BR&E) Updates Coordinator Beeman informed the Commission that he has been very aggressive in the business retention and expansion visits in trying to g et ahead of trends to ensure that businesses stay in Mounds View. Outsource Receivables: Is located across the street from city hall. They conduct medical billing and serve as an outsourced financial department for many medical clinics across the metro. They moved to Mounds View to get away from the crime in Brooklyn Center. They purchased half of the building and may consider an acquisition soon which would require more parking spaces. They are working on an agreement with Walgreens. If that doesn’t work, they will be contacting the city to determine if parking at the Community Center would be permissible. Sara Lee: They are also considering an expansion. They currently occupy 18,000 SF and would need a custom 40,000-50,000 SF building. They would consider staying in Mounds View if they can take the tenants space next door. This could be a possibility since that tenant may be leaving. If expanding, they would be adding more employees. Magno International: They are headquartered in Florida and for the Mounds View location; they serve as a warehouse for medical products. They are also passively seeking more space. Zep Manufacturing: When visited, they were doing well. However about a week after the visit, the city was informed that they had been acquired by a private entity and the Mounds View location would be consolidating to Chicago. The building is now vacant and up for lease. Another company in town wanted to purchase the building but the property owner only wants to lease the building. Rice Creek Commons (TCAAP) Development Update Next, Coordinator Beeman provided an update on anticipated improvements relating to Rice Creek Commons. He informed the Commission that the Ramsey County project manager will be speaking at the next Mounds View Business Council meeting December 9 at 7:30 a.m. at the Community Center. Also be expecting some updates to be posted to the city’s newsletter on alternate truck routes and project updates. This is important because there will be Met-Council and City improvement projects going on at the same time starting in the spring.