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"-� . KO) vol1.7 er 1U;ub 1D: fULD DEVELOPMENT 'AGE 2 <br /> "� <br /> ITEM #1 <br /> STAFF REPORT NO. 97-2190WS <br /> TOLD <br /> • DEVELOPMENT COMPANY <br /> August 15, 1997 <br /> Mr. Chuck Whiting <br /> City Administrator <br /> City of Mounds View <br /> 2401 Highway 10 <br /> Mounds View, MN 55112 VIA TELEFAX: (612) 784-362 <br /> &MAIL <br /> Re: County Road I and Highway 10 <br /> Dear Mr. Whiting; <br /> TOLD Development Company is presently working with a retail client to locate sites throughout the <br /> Twin Cities for new store development. We are interested in inquiring the city ownedro e <br /> rty at <br /> the corner of County Road I and Highway 10, in a land assembly to accommodate the needs o our <br /> client. <br /> While our client wishes to remain unnamed as this time, I can assure you that the use is an attractive <br /> retail use, and is not associated with gasoline, automotive, fast food, or restaurant uses. I can also <br /> . assure you that we have received preliminary client approval on the site so these efforts are not <br /> speculative in nature. Our client does require board approval at some <br /> site is under contract. point in the future, after the <br /> This particular retail use requires approximately two acres, with the need for prominent corner <br /> locations. Our preliminary analysis indicates that we can assemble the land needed by utilizing the <br /> city owned parcel at the corner and combining not more than three of the residential parcels, located <br /> along the east side of Eastwood Road, starting at County Road I and moving northward. We will <br /> be contacting those land owners over the weekend to ascertain their interest in selling n g their <br /> We are interested in purchasing the City owned parcel, and City assistance only in terms of <br /> approvals for our contemplated use. We will pay market rates for the land, and feel confident that <br /> we can pay the City at or close to what the City paid for the City owned parcel. <br /> We will have some preliminary site plans completed by Monday, August 18, and would welcome <br /> the opportunity to present them to you. Thank you for your consideration in this matter. <br /> V ry ly yours, <br /> Rose H. Cunningh <br /> ilice President - Dev opment <br /> R HGklj <br /> haboblwhitinglIS <br /> WEDGWOOD COMMERCE CEnTRt • MINNEAPOLIS •MILWAUKEE •CHICAGO <br /> 6900 Wedgwood Road,Sone 100,Maple Grow!, MN 5531 I •ra7^% - <br />