Agenda Packets - 1998/11/09 - Laserfiche WebLink

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Page 3 October 26, 1998 Mounds View City Council Director Jopke gave his report as follows: When Edgewood Drive is relocated in the spring of 1999, a 1.5 acre remnant site will be created which could be developed. Also in the area is the 9.4 acre Midland Videen property. Because the two sites would be contiguous, it makes sense to market them together to get the best development. The Midland Videen site also offers an opportunity to solve some parking and wetland mitigation problems on the adjacent Community Center site. In June of 1998, the City Council authorized staff to enter into an option agreement to purchase the Midland Videen property and to sent out a Request For Proposal to seek unified well planned development on the parcel. To date no agreement between the City and property owner has been reached and the owner of the Midland Videen property continues to negotiate with other possible buyers. The City has also proceeded with another alternative to solve the parking and wetland mitigation problem at the Community center. TOLD Development has recently offered to buy the 1.5 acres that will remain as a result of the Edgewood realignment. They have also signed a letter of intent to purchase the Midland Videen property. TOLD's intent is to develop a Walgreen Drug Store on the site. The City owned remnant site is currently guided for CC Civic Center uses by the City's Comprehensive Plan and is zoned PF Public Facilities. The Midland Videen property is currently guided as MD Medium Density Residential by the Comprehensive Plan and is zoned B-3 Highway Business. A Comprehensive Plan amendment and rezoning of the city-owned remnant would be required if the site is to be developed for commercial uses. A Comprehensive Plan amendment for the Midland Videen property would also be required. Additional City approvals may be required depending on the use of the property and the design and location of the building(s) on the site. Staff was recommending that the City Council authorize staff to prepare a Preliminary Negotiations Agreement to grant TOLD Development Co. exclusive development rights for the city-owned remnant parcel for a period of 180 days. During this 180-day period, review and hearings of any required Comprehensive Plan Amendments,rezonings or other required City approvals could occur. A second option would be to let Anthony Properties, who also have expressed interest in the properties,to make their proposal and choose the proposal that best suites the intent of the City's development goals. A third opportunity would be to table the issue, send out RFP's for just the City owned parcel, allow TOLD, Anthony Properties and other interested developers to make their proposals, and