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EDC Minutes <br /> February 15,2013 <br /> Page 3 of 3 <br /> 7. REPORTS OF STAFF <br /> City staff provided updates on the following items: <br /> A. Mounds View Business News <br /> The EDC discussed the status of the former Taiko Sushi restaurant building. Chair <br /> Belting stated that that he would be in favor of purchasing the property at an appropriate <br /> price, which should reflect the land value only since the existing building would be <br /> removed. Commissioner Larson agreed. <br /> Commissioner Freichels said that it would be important to receive demolition bids, <br /> including asbestos testing, prior to purchasing the building. <br /> Commissioner Helgmoe mentioned that the Sherriff's sale price includes attorney's fees, <br /> past due interested, etc. so that particular price is higher than what the property is worth. <br /> The EDC requested that City staff provide them with comparable values and or/sales for <br /> the parcel (with and without the building) at the next EDC meeting. <br /> B. Available Business Sites in Mounds View <br /> C. City Hall Closed — February 18, 2013 <br /> D. Twin Cities North Chamber Gala — February 22, 2013 <br /> E. North Metro Home & Garden Show— February 23, 2013 <br /> F. Next Business Council Meeting — March 13, 2013 <br /> G. TCAAP Development Update <br /> 8. NEXT REGULAR EDC MEETING <br /> The next regular EDC meeting was scheduled for Friday, March 15, 2013, at 7:30am. <br /> 9. ADJOURNMENT <br /> There being no further business, the February 15, 2013, meeting adjourned. <br /> Respectfully submitted, <br /> Heidi Steinmetz, Economic Development Specialist <br />