Laserfiche WebLink
Economic Development Advisory Committee <br />May 5, 2022 <br />Page 2 <br />B. Woods Edge Property Sale Update <br />Mr. Grochala, Community Development Director, presented the staff report. He <br />informed the committee the City is continuing discussions with Silvercreek Equity <br />regarding the acquisition and development of the 6.27 acres within the Woods Edge <br />development. The proposed project includes a 132 unit market rate 55+ apartment <br />building, a 10,000 sq. ft. multi -tenant building, and two restaurants. <br />The committee recommended including a buy back clause within the purchase <br />agreement should the purchaser not develop according to the agreed upon specs. The <br />committee discussed the possible public safety costs in relation to the age restricted <br />apartment complex. Mr. Grochala said he has been working with the Public Safety <br />department on this, but he explained estimating such expenses has been complicated. <br />The committee also discussed the need for more public storage units and public <br />transportation for the residents of the apartment building. Mr. Grochala commented <br />unfortunately, public transportation in Lino Lakes is not a high priority of the MET <br />Council since Lino Lakes does not have a high demand for the service. However, he <br />noted Anoka County offers a dial -a -ride program which is available for residents <br />throughout the county. <br />C. Project Updates <br />Mr. Grochala updated the committee on current City projects. <br />IV. ADJOURNMENT <br />Mr. Hembre made a MOTION to adjourn the meeting at 9:02 A.M. Motion was supported <br />by Mr. Cravero, passing unanimously. <br />Respectfully submitted, <br />Janele Waterman, Community Development Administrative Assistant <br />DRAFT MINUTES <br />