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Mounds View City Council July 23, 2007 <br />Regular Meeting Page 12 <br /> <br />Council Member Mueller agreed the City should pursue acquisition further to determine what 1 <br />the actual cost would be. 2 <br /> 3 <br />Council asked whether there would be funding available to purchase the property. 4 <br /> 5 <br />Director Ericson explained that the City could use TIF funds, storm water utility fees, or Park 6 <br />Dedication fees to purchase the property. 7 <br /> 8 <br />Council Member Stigney said that the memo from Director Ericson suggested a joint purchase 9 <br />with Ramsey County and he would like to know if that was pursued. 10 <br /> 11 <br />Director Ericson indicated that he has not discussed that with them as of yet. 12 <br /> 13 <br />Council Member Stigney said that he would like Staff to ask whether the resident would be 14 <br />willing to donate the property for the tax credit. 15 <br /> 16 <br /> 2. Review Potential Parcel Acquisition at 2400 County Road H2 17 <br /> 18 <br />Community Development Director Ericson explained that Roberts Sports Bar has closed and 19 <br />Greg Waste is willing to work with the City on a potential acquisition. Mr. Waste has indicated 20 <br />that he would be interested in selling the property to the City with a lease back option, so that he 21 <br />could reopen his business, and the City would have control of the property as part of the 22 <br />redevelopment project. Mr. Waste has indicated that if there is an agreement to lease the 23 <br />property back to him, he would be willing to discount the sale price to the City. 24 <br /> 25 <br />Mayor Marty asked for an explanation of the one RFQ that came in. 26 <br /> 27 <br />Director Ericson explained that the City received an RFQ from Master Development with 28 <br />experience with infill developments and redevelopments in the metropolitan area. 29 <br /> 30 <br />Council Member Stigney said that he would like to make it known that Mr. Waste wants to sell, 31 <br />and let a developer with private dollars develop this site. 32 <br /> 33 <br />Mayor Marty explained that this property has been offered to the City, and that would allow the 34 <br />City to control the redevelopment of the site, rather than a simple sale that would continue a 35 <br />similar use of the property. 36 <br /> 37 <br />Council Member Flaherty said he would like to look into the options with this, and determine 38 <br />Mr. Waste’s price before making a decision. 39 <br /> 40 <br />Administrator Ulrich suggested an option on the property with a cash payment to hold the 41 <br />property for six months at an agreed upon price. 42 <br /> 43 <br />Council Member Mueller asked whether the City would need to be concerned about potential 44 <br />liability for purchasing the property and leasing it back to Mr. Waste. 45