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<br />Item #: 2 <br />Meeting Date: Jan. 3, 2012 <br />Type of Business: Work Session <br />Administrator Review: ____ <br />City of Mounds View Staff Report <br /> <br /> <br /> <br />To: Honorable Mayor and City Council <br />From: Heidi Steinmetz, Economic Development Specialist <br />Item Title/Subject: Review Potential Acquisition of the PAK Building Property <br /> <br />Background <br />The “PAK” building is located at 2832 County Road 10 next door to CVS Pharmacy. The <br />10,560-square-foot building was built in 1965. The building has been vacant since early <br />2005. The vacancy date is based on the last utility bill issued by the City. As shown on the <br />attachment, Ramsey County’s 2012 estimated value of the property is as follows: <br /> <br />Structure $183,600 <br />Land $243,900 <br />Total $427,500 <br /> <br />Below are images of the building. <br /> Front of Building Mezzanine Area <br /> Warehouse Area with Drive-In Door Warehouse Area with 2nd Drive-In Door