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EDC Minutes January 16, 2015 Page 3 of 4 Hwy 96 at the south end of the site running to the north end of the site. Construction on the site will begin spring 2016 and completed fall 2016. Coordinator Beeman provided updates on a number of other projects: Construction of the new Biolife facility is about 20% complete and is on track to open July 2015. The concrete floor has been poured, and both exterior and interior walls have been installed. An open house is still expected July 2015. It is a $6 million investment. Snap Market, formerly known as Sam's, is open for business. The owner is working to get new signs installed and choose a garbage hauler as well as adding more inventory. State Farm Insurance Company has moved next to Subway in the Edgewood Plaza and is open for business. The new owner, Jessica Thompson, would like to get involved in the community and has already shown interest in volunteering for the Festival in the Park activities. There is still a vacancy between State Farm and Tom Frazen Collectibles. Beeman is working with the property owners to fill the space. Apple Tree Dental opened June 2014. They still need to complete the build-out on the second floor for their corporate offices in the next year or so. Bel Rae Senior Residential Facility is about 40% complete and is still on schedule to be completed April 2015. They have seven tenants signed up. Finally, Pat's Muffler Shop located at 2848 County Road 10 closed and the city has been receiving interest from car dealerships. Beeman reported that the city code currently doesn't allow those types of uses for lots less than two acres. The building is actively listed for sale at $350,000. Beeman reported that he met with Marie Malrick, Program Administrator, at the Housing Resource Center in Shoreview to learn about a variety of housing loan programs available to Mounds View residents and owners. There are home loans available for general home improvements, code enforcement, demolition, and emergency deferred loans, such as a structural roof or immediate electrical safety issue, as well as other programs. Anyone interested is encouraged to call Ms. Malrick at 651.486.7401. Chair Helgemoe asked the Commissioners if anyone had questions. Commissioner Dahlstrom asked if Biolife will keep their old space. Coordinator Beeman responded stating that Biolife is leasing their current space and the building owner is actively marketing the site in an attempt to attract a new business. Commissioner Stevenson asked if the Bel Rae Senior Living facility has announced when they will have an open house. Being pre-occupied with the construction piece and hearing no word from Bel Rae on an open house date, Coordinator Beeman will update the Commission at the February 20, 2015 meeting. Commissioner Freichels asked if the bridge work for the TCAAP site for 1-35W & Hwy 96 will be completed this year and 1-35W & H will be completed next year. Coordinator Beeman confirmed that both statements are correct and elaborated on the other infrastructure projects relating to the bridgework for 2015-16. Freichels stated that the traffic at the intersection near the Mermaid Entertainment Center was a concern.