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APPROVED MINUTES <br />CITY OF LINO LAKES <br />ECONOMIC DEVELOPMENT <br />ADVISORY COMMITTEE <br />MINUTES <br /> <br /> <br />DATE: <br /> <br />September 5, 2024 <br />TIME STARTED: 8:02 a.m. <br />TIME ENDED: 9:18 a.m. <br />MEMBERS PRESENT: Andrew Cravero, Blakely LaCroix, Don Johnson, <br />Patrick Kohler, Nathan Vojtech, Chad Wagner, <br />Chris Spenner <br />MEMBERS ABSENT: Jim Schueller, Keith Hembre, Steve Marchek <br />STAFF PRESENT: Michael Grochala, Julie Whitney <br /> <br /> <br />1. CALL TO ORDER <br /> <br />Mr. Grochala called the Economic Development Advisory Committee meeting to order at <br />8:02 a.m. on September 5, 2024. <br /> <br />2. APPROVAL OF MINUTES <br /> <br />Meeting minutes were not approved and will be placed on the approval of minutes for the <br />October 3, 2024 meeting. <br /> <br />3. DISCUSSION ITEMS <br /> <br />A. Roers Companies, Land Purchase <br /> <br />Mr. Grochala informed the EDAC that Roer’s Companies made an offer to purchase 6.27 <br />acres of EDA owned property in the Legacy at Woods Edge Development. He explained <br />that Roers Companies is a national real estate development firm based in the Twin Cities. <br />Their focus is on multi-family residential developments and generally collaborate with <br />partners on commercial components. The Woods Edge project would include a market <br />rate multi-family building with opportunities for commercial development on a portion of <br />the property. This use is generally consistent with the land use plan and zoning for the <br />site. <br /> <br />The EDA had counter offered including a requirement that the commercial component be <br />built prior to or in conjunction with the residential component. While Roers was <br />agreeable to the price, they could not commit to the commercial stipulation. It is not <br />likely that they will move forward.