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<br /> MINUTES <br /> <br /> CITY COUNCIL <br /> SEPTEMBER 20, 2010 <br /> REDEVELOP- The City Administrator reported that Mike Crary, owner of Quicksilver, <br /> MENT contacted him about the possibility of redeveloping the property at the <br /> OPPORTUNTIES corner of Little Canada Road and Country Drive. The office building <br /> across from Quicksilver is in foreclosure. Mr. Crary is considering <br /> purchasing this property, aild indicated that it could be combined with his <br /> property into a redevelopment concept. The Administrator noted that the <br /> Gordies' site could be a part of this redevelopment concept as well. "I'he <br /> Administrator reported that he informed Mr. Crary that the City may have <br /> other sites that would accommodate them in a redevelopment process. <br /> The City Administrator reviewed a Tax Increment run that he put Together, <br /> and based on his initial estimates indicated that aredevelopment project <br /> has promise. The Administrator noted that this is a key corner in the City <br /> and felt this opportunity merited exploration. He also reported that he <br /> contacted Jim Tolaas of the County relative to the possibility of relocating <br /> Country Drive further to the west away from the freeway. That would be <br /> an expensive and difficult endeavor, but, again, worth exploring to <br /> improve the functioning of the 35E/Little Canada Road interchange. <br /> Blesener suggested that Mr. Crary he informed that the City is willing to <br /> work with him on the redevelopment concept, but that Mr. Crary would <br /> have to put his money into the project. The Adminish~ator stated that Mr. <br /> Crary is not asking the City to purchase the foreclosed property, but <br /> asking if there is the possibility of TIF assistance and other potential <br /> incentive programs. The Administrator also felt that the relocation of <br /> Country Drive may have a chance at Federal assistance. <br /> There was discussion of incorporating the Porterhouse property into the <br /> redevelopment. The Administrator indicated that it would not be <br /> necessary to incorporate that property, but indicated that the site has some <br /> parking problems. Redevelopment of the adjacent parcels may help to <br /> resolve that issue. <br /> The Council discussed the potential redevelopment of this area with it <br /> being noted that this might be a good location for a hotel. The <br /> Administrator also pointed out that this would be a good use of'fIF dollars <br /> and indicated that the redevelopment of this area would likely not occur <br /> without such assistance. <br /> 1t was the consensus of the Council that the City Administrator should <br /> spend some time with Mr. Crary to explore a redevelopment concept for <br /> this area. <br /> 2 <br /> <br />