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EDC Minutes October 19, 2007 Page 2 Development experience in the City of Elk River. He added that Ms. Steinmetz is looking forward to a new opportunity in her career as the “lead” Economic Development person for Mounds View. Commissioner Johnson asked Director Ericson about Ms. Steinmetz’s first few projects in Mounds View. Director Ericson indicated that the first three priorities will be the Premium Stop redevelopment, the Saturn relocation/Multi-Tech vacant lot development and the revitalization of Silver View Plaza. Director Ericson added that Ms. Steinmetz’s niche is marketing and that branding Mounds View will also be an important part of Ms. Steinmetz’s job. Commissioner Field added that it will be interesting to reevaluate the EDC’s priorities in January and he looks forward to doing so. 6. REPORT OF COMMISSIONERS Commissioner Johnson reported that she attended the City’s Street and Utility Improvement Program Public Informational Meeting on October 15, 2007. She said that it was well attended by residents in, that the presentations were well-done, that the meeting was well set-up and that no questions were left unanswered. Commissioner Johnson continued with sincere congratulations to the Irondale High School football team for a wonderful season. She feels that their success has added to Mounds View’s community spirit, which contributes to positive Economic Development. Director Ericson added that the Irondale marching band is also doing very well this year. In addition, Commissioner Meehlhause congratulated the Irondale Cross County team and the Irondale National Merit Scholarship finalists. 7. REPORTS OF STAFF A. Economic Development Specialist Position Update: This item was discussed above. B. Premium Stop Redevelopment Update: Director Ericson stated that staff has been working with Master Development on a Preliminary Development Agreement for the site and that it is Master’s preference to include the Robert’s parcel within the project; however it is unknown at this time whether or not it is feasible. Director Ericson reported that the property was up for auction on October 11, 2007, however the auction did not result in the sale of the property. He added that the two-month redemption period for the property expires on November 11, 2007 and that he hopes to have more information to report at the next EDC meeting. Commissioner Johnson asked about the zoning of the property. Director Ericson stated that it is zoned B-3, which is one of the most permissive business uses in the community. He added that the concept plans for the project indicate a residential use, which would add roughly ten million dollars to the City’s tax base. He forecasted the potential City involvement in assisting the developer to make the project financial feasible. Chairperson Helgemoe asked if the developer has talked with the owners of the Taiko sushi restaurant. Director Ericson stated that the developer has discussed the redevelopment concept with the owners and that they are willing to participate in the project if financially feasible. Several Commissioners inquired of Master Development’s experience and requested examples of the developer’s past projects. Director Ericson offered to e-mail a copy to the EDC of Master’s response to the City’s Request for Qualifications.