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ECONOMIC DEVELOPMENT ADVISORY COMMITTEE <br />AGENDA ITEM 3A <br />STAFF ORIGINATOR: Michael Grochala, Community Development Director <br />EDAC MEETING DATE: August 2, 2018 <br />REQUEST: 49 & J Development Interest - Lyngblomsten Senior <br />Community <br />CASE NUMBER: PC2018-002 <br />APPLICANT: Lyngblomsten <br />Attn: Jeff Heinecke <br />1415 Almond Avenue <br />St. Paul, MN 55108 <br />OWNERS: R.L. Co., LLC <br />7241 Ohms Lane, Suite 275 <br />Edina, MN 55439 <br />BACKGROUND <br />Lyngblomsten, a senior care provider, has submitted a concept plan for review. The Planning <br />and Zoning Board reviewed the proposal in July. A copy of the staff report is attached. <br />Currently, the proposal does not include redevelopment of the corner. Staff is continuing to <br />discuss potential redevelopment with the developer. Redevelopment may require some <br />assistance from the City. Both Tax Increment Financing and Tax Abatement are potential tools <br />to address land acquisition or public improvements to facilitate redevelopment. <br />EDAC CONSIDERATION <br />Staff is requesting EDAC comments regarding the concept plan for the site. Staff is also seeking <br />interest from the board on the redevelopment of the corner. <br />ATTACHMENTS <br />1. Planning and Zoning Board Staff Report dated July 11, 2018 <br />