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2W/4 ceiesek <br />515 Little Canada Road, Little Canada, MN 55117 -1600 <br />(612) 484 -2177 / FAX: (612) 484 -4538 <br />MEMORANDUM <br />TO: Mayor Fahey & Members of the City Council <br />FROM: Joel Hanson, City Administrator <br />DATE: June 5, 1998 <br />RE: Rice Street/Little Canada Road Redevelopment Update <br />MAYOR <br />Michael I. Fahey <br />COUNCIL <br />Beverly Scalze <br />Jim LaValle <br />Steve Morel= <br />Bob Pedersen <br />ADMINISTRATOR <br />Joel R. Hanson <br />The status report is as follows: <br />♦ Briggs & Morgan is completing the draft of our development agreement to be forwarded <br />to Mr. Wise. It will be out early next week. <br />♦ To -date, I have not received the lease from Mr. Wise. I have also placed a telephone call <br />to him asking for a follow -up meeting to review our respective documents. <br />♦ Rusty Fifield is working on the financial analysis necessary to assist us in discussing <br />relocation options with existing businesses. <br />♦ The appraisals we ordered a couple of months ago have been completed and reviewed. <br />They will be presented for consideration if we move forward with the acquisition process. <br />♦ Ramsey County has done a preliminary review of the developer's concept drawing. They <br />would prefer one access point on Rice Street versus the two proposed. This and other <br />issues will be reviewed with the developer as the project progresses. <br />♦ I have not done anything from a streetscape perspective as of yet. I am waiting for a <br />revised drawing from the developer. <br />♦ I have talked with representatives of Lakeside Apartments. A meeting with them will <br />likely be held the fourth week of June to discuss access issues. <br />JRH:kpv <br />cc: Kim Wise <br />Chris Moarn <br />Rusty Fifield <br />Page 16 <br />