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CITY OF ARDEN HILLS • MEMORANDUM DATE: November 20, 1996 TO: Economic Development Committee FROM: Kevin Ringwald, Community Development Directo SUBJECT: Monthly Report 1. Welsh Companies. The Staff has been continuing to work with Welsh Companies on the development of subsequent phases in the GBD. The City and the developer on working on Phase II of the development which would be 120,000 square foot building on the Pentair property. It is currently anticipated that Phase II of their project will occur in early to mid 1998. 2. TCAAP. The Staff is continuing to work with a wide variety of existing tenants on TCAAP as it relates to consolidation/relocation of existing uses and making land available for re-use (ie., open space, governmental, industrial, office, etc.,). It is hoped that prior to the end of 1996 that meaningful progress on this front will have occurred. • 3. Leasing Guide. The October of 1996 issue of the Leasing Guide as published by the Minnesota Real Estate Journal contains a section on office vacancies and a section on industrial vacancies in Arden Hills (Exhibit A). 4. Twin Cities' Cost of Living. The November of 1996 edition of Focus as published by the Greater Minneapolis Chamber of Commerce contains a comparison of the cost of living in the Twin Cities to other major metropolitan areas (Exhibit B). 5. Population Notes. The November of 1996 edition of Population Notes as published by Minnesota Planning contains an article by Diana Telschow which discusses some of the more commonly asked questions by business and industry regarding the census (Exhibit C). 6. Commuting Patterns in America. The September 30, 1996 edition of the Deloitte and Touche Review contains an summary of the Eno Transportation Foundation's report which was titled"Commuting in America II", which examines population patterns and trends and their effects on commuting (Exhibit D). •