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CM'OF <br /> REQUEST FOR COUNCIL CONSIDERATION Agenda Section: 8. <br /> 3 IllilOSReport Number:9h-1„2?iWS <br /> STAFF REPORT� AGENDA SESSION DATRarch 4 1996 Report Date: 2 29 96 <br /> •^� S <br /> �css.Partners��4 <br /> DISPOSITION <br /> Item Description: <br /> Discussion of Priority of Redevelopment Properties in Mounds View <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 /> Per the request of Council member Quick, attached is a list of properties that have potential for <br /> redevelopment in Mounds View. Each property is listed by PIN#, address, acreage, square <br /> footage, Assessed Value, Estimated Market Value, Total Taxes and City Taxes. The EDC will <br /> III be reviewing this list at the Feb 22nd meeting and staff will bring their recommendations to the <br /> work session. <br /> In addition, staff has provided the schedule of excess tax increment that was reviewed by the <br /> Council in 1995 less amounts expended through the business loan program and purchase of 2625 <br /> Hwy 10 (Blue House)to assist in the prioritization process. <br /> Staff has contacted several consultants that could provide facilitation for the EDA regarding <br /> Highway 10 redevelopment. Staff would like direction regarding the EDA's preference on this <br /> matter. <br /> Staff would also request that the EDA to discuss demolition of the Blue House and responses <br /> provided by several metro area developers. We could wait until there is a project to demolish but <br /> the property will be more marketable if it is cleared. The responses from developers have been <br /> slim but continuous efforts are being made to identify uses for the property. Some of the options <br /> discussed are Multi Family Condominiums, including the renovation of Pleasant Wood Apts., a <br /> Funeral Home and a Computer Showroom. Developers are reluctant to invest in office <br /> development unless there are significant credit worthy leases signed. <br /> I) <br /> R,F,C;nMMENDA'CION; Cathy Bennett, Economic Development Coordinator <br />