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are O REQUEST FOR COUNCIL CONSIDERATION Agenda Section 4 <br /> STAFF REPORT Report Number:96-1687WS <br /> I 41 DUH S Report Date: 5/2/96 <br /> WORK SESSION MEETING DATE <br /> • -0;. ilEE May 6, 1996 <br /> ra `i`QS <br /> d'spft'AarrnQtS <br /> Item Description: Update on Redevelopment Strategies for the Bel-Rae Property <br /> Administrator's Review/Recommendation: <br /> -No Comments to supplement this report <br /> -Comments attached. <br /> Explanation/Summary(attach supplement sheets as necessary) <br /> Summary: <br /> I will give an update on the work Chuck and I have been doing with regards to developing possible <br /> uses and financing strategies for the Bel-Rae Ballroom site with the Volleyball group, V.B. Digs. <br /> Attached for your review is a schedule for the Bel-Rae Redevelopment. V.B. Digs will be entering <br /> into the attached deposit agreement to show their commitment to the project. <br /> Also for your review is an economic impact analysis that was prepared by the Minnesota Sports <br /> Federation regarding tournaments at a basketball/volleyball complex for St. Cloud. This information <br /> could also be similarly applied to a sports complex here is Mounds View. <br /> E onomic elopment Coordinator <br />