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EDC Minutes November 20, 2002 Page 3 6. EDC BUSINESS A. Metro East Development Partnership Membership: Backman distributed a handout regarding recent changes with this organization. The City of Mounds View will likely not be renewing membership. B. Loads of Clothes—Silver View Plaza: Janet Schellsmidt and Michele Rosenbaum, the two principals, have been moving forward with their Laundromat business. Loads of Clothes will be located on the west end of Silver View Plaza. (42 washers & 49 dryers) SBA & Ramsey County have approved financing for the business. Last Friday, November 15th, they signed the lease for the space, and this week the contractor submitted plans to the City. Damont is the general contractor. Their goal is to be operational in Mounds View by February 15, 2003. C. United Properties—Printing Prospect: Rob Kost from United Properties continues to interact with the printing company from Roseville. The prospect remains interested in relocating to M.V. Backman could not confirm if an offer has been made on the property behind Walgreen’s. He did have a different property owner along Hwy 10 call Mr. Kost and discuss a different location. (The owner prefers to own his building.) D. Welsh Companies—Amoco Site Prospect: During the first of week of November Backman was informed by Tony Strauss, the broker representing the old Amoco site, that there was a potential buyer for the property. Mr. Strauss indicated that a developer representing a client that is a national retailer is considering Mounds View and would need approx. 10,000 to 12,000 sq. ft. of space. The broker asked if the Silverview Terrace garages could be moved and we indicated that the owner was amenable to that. Backman forwarded information that had been assembled for the Triple A application to Strauss, who forwarded it on to the developer/client last week. On Monday (11/18) of this week Backman talked with Strauss again. He indicated the info was well- received. The developer mentioned that they may look at redeveloping the Amoco site or the whole area fronting County Highway 10. E. Colliers Towle—Prospective Laport Meadows Residential Development: Since September Jim Ericson has been interacting with Duane Poppe from Colliers Towle regarding a residential development that would occur within the Laport Meadows area. Several preliminary site plans have been provided to the City regarding the proposed development, which may be set up as a PUD. On November 15th, Ericson and Backman met with Duane Poppe and Steve Fisher from Colliers Towle, and Lonnie Kornovich, a general contractor, to discuss various issues related to the development. F. Other: Following the EDC meeting members will be going to 5230 Quincy St. for a tour of Blooming Prairie Natural Foods 8. ADJOURNMENT There being no further business before the Commission, Chair Belting adjourned the November 20th meeting of the Economic Development Commission at 8:27 a.m.