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515 Little Canada Road, Little Canada, MN 55117-1600 <br />(651) 766 -4029 / FAX: (651) 766 -4048 <br />www.ci.little-canadaJnn.us <br />Lis <br />MEMORANDUM <br />TO: Mayor Biesener and Members of the City Council <br />FROM: Joel Hanson, City Administrator <br />DATE: May 4, 2012 <br />RE: Market the Rice Street /Viking Drive Site <br />MAYOR <br />13111 13lesener <br />COUNCIL <br />Rick Montour <br />John !Cols <br />Michael McGraw <br />, aw <br />Shelly Boss <br />ADMINISTRATOR <br />Joel R. Hanson <br />I have made a couple of requests of Reg Plowman, RJ Marco, relative to his efforts to <br />market the Rice Street /Viking Drive site. Reg Plowman is waiting for information from <br />his broker and had not received that information as of this past Tuesday. <br />There is nothing to preclude the City from putting a sign up on the property and <br />marketing it. The property likely has the most value as a fast -food restaurant (a fast -food <br />restaurant serving hamburgers is precluded under our agreement with McDonald's). In <br />order to attract a development of a more upscale nature, it may be necessary to wait until <br />the right development proposal is made. <br />Staff will try to have an update on this matter for Wednesday's meeting. <br />