Laserfiche WebLink
City of Mounds View Staff Report <br /> August 19, 1998 <br /> Page 3 <br /> interest in this DTED grant program, so there is no guarantee that the City would be successful in <br /> obtaining such a grant. <br /> If directed by the City Council, Kevin Carroll and I will be assemble the information needed to <br /> complete DTED's multi-page grant application for City Council approval at a future meeting <br /> prior to the 10/1/98 deadline. <br /> Park and Ride Potential: <br /> Economic Development Coordinator Kevin Carroll has initiated discussions with Metro Transit <br /> (a division of the Metropolitan Council)regarding the possibility of including a Park&Ride <br /> facility somewhere on the expanded Mermaid site,most likely at the corner of County Road H <br /> and Highway 10(the current Rent All site). As you may be aware,there is currently a Park& <br /> Ride facility just across Highway 10 from this site(on the east side of County Road H)that is <br /> rapidly nearing capacity. As a result, Metro Transit has apparently targeted our area for a new <br /> Park&Ride location, and plans have been underway to improve and begin using (on at least a <br /> temporary basis) a parking lot on the arsenal property in Arden Hills. Whether Metro Transit can <br /> be persuaded to shift its attention to the Mermaid site has yet to be determined,but the initial <br /> reactions to the concept have been favorable. Ultimately,the decision may be dictated by where <br /> Metro Transit can get the most parking spaces the most quickly at the lowest cost for the longest <br /> guaranteed period of time. A representative of Metro Transit has indicated that he will be <br /> preparing a letter outlining Metro Transit's initial response to the proposal, and if that letter <br /> arrives in time, it will be attached to this Memo or passed out at the Council meeting on August <br /> 24th. <br /> Selection of a City Financial Advisor: <br /> This matter is being covered by a separate item on this agenda. <br /> RECOMMENDATION: Staff recommends that the City Council approve Resolution No. 5260 <br /> authorizing city staff and consultants to proceed with a development agreement and other actions <br /> concerning the Mermaid Hotel and Banquet Facility. <br /> Rick Jopke, Community Development Director <br /> N ADATAWSERS\RICKJO\S HARE\82498 MER RPT <br />