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EDC Minutes May 21, 2004 Page 3 proceed with an appraisal of the commercial property at 2525 County Highway 10, known as Gas & Wash. The EDA approved that an appraisal be undertaken for an amount not to exceed $4,000 to be paid from the City’s EDA funds. Written quotes were obtained from five Twin Cities commercial appraisal companies. The most economical quote ($3,000) with the quickest completion time (three weeks) was Tisdell Appraisal Services, Inc. from Burnsville. A contract with Tisdell was signed on April 30, 2004. The benefits to purchasing this site permit the City to consider a number of potential re-use scenarios, including commercial redevelopment, realignment of Long Lake Road consistent with the County Road 10 Redevelopment and Revitalization Study, and/or as part of an extension of public facilities that are already clustered in the same block. On May 19, 2004 the Mounds View Planning Commission considered and approved a resolution recommending approval of the acquisition of the parcel at 2525 Hwy 10. The Commissioners determined that the City’s acquisition of the lot would be consistent with the Comprehensive Plan future land use. Johnson asked if an environmental assessment of the site has been done. Backman was not aware of such an assessment at this time. Helgemoe made a motion to pursue a Purchase Agreement for acquiring the 2525 Co. Highway 10 property and to undertake a Phase I Environmental Assessment. Seconded by Entsminger. Motion passed 4 to 0. 5. Process for Developing a New City Logo: Backman asked members to consider for a future meeting of the EDC if we should be involved with this and, if so, what process it would take. 6. EDC BUSINESS A. Amending the TIF Plan to Identify Parcels for Potential Acquisition: Backman distributed a revised map with highlighted parcels for the Commission to consider. Additional parcels have been added reflecting input from the City Council and staff. The parcels have been identified by quadrants. This modification of the Development Plan will go before the City at a June public hearing. B. Discussing the renaming of County Highway 10: Members agreed that something needs to be done to rename “Old 10” to reduce confusion with the “New 10”. They are open to considering renaming the road Mounds View Boulevard or Mounds View Parkway. 7. ADJOURNMENT There being no further business before the Commission, Johnson adjourned the May 21st meeting of the Economic Development Commission at 9:08 a.m. Respectfully submitted, Aaron A. Backman Economic Development Coordinator \\Trout\CommDev\Economic Development\EDC\Minutes\Min04\5-21-04.doc