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515 Little Canada Road, Little Canada, MN 55117-1600 <br />(651) 766-4029 / FAX: (651) 766-4048 <br />www.cidittle-canada.mn.us <br />MEMORANDUM <br />TO: Mayor Keis & Members of the City Council <br />FROM: Joel Hanson, City Administrator <br />DATE: October 9, 2015 <br />RE: Call for Workshop to Discuss Redevelopment Concept for Former Bally's Site <br />MAYOR <br />John Keis <br />COUNCIL <br />Rick Montour <br />Michael McGraw <br />Tom Fischer <br />Christian Torkelson <br />ADMINISTRATOR <br />Joel R. Hanson <br />Steve Wellington of Wellington Management has entered in to a purchase agreement for the <br />former Bally's Gym site. He had a redevelopment concept he would like to review with the City <br />Council that would require tax increment financing assistance. Mark Ruff of Ehlers, Inc. and I <br />have been working with him on this project for a while and it now appears ready to move <br />forward. We will be preparing some TIF analysis projections for you to review at this workshop <br />in addition to discussing the challenges of this project. Mr. Ruff will also be present at the <br />workshop. <br />Staff is recommending we call for a workshop to be held at 6:00 p.m. on Wednesday, <br />October 2811' to review the concept in more detail in order that you can provide direction as <br />to how you may want us to proceed, if at all. <br />