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• Mounds View EDA May 12,2008 <br /> Regular Meeting Page 2 <br /> 46 <br /> 47 Mayor Marty, Page 1, Item 3, check if the Agenda was amended. <br /> 48 <br /> 49 MOTION/SECOND: Mueller/Marty. To Approve the March 10, 2008, EDA Minutes as <br /> 50 Amended. <br /> 51 <br /> 52 Ayes—5 Nays -0 Motion carried. <br /> 53 <br /> 54 6. CONSENT AGENDA <br /> 55 <br /> 56 None. <br /> 57 <br /> 58 7. EDA BUSINESS <br /> 59 <br /> 60 A. Discuss Marketing Preferences for EDA-Owned Property Located at 2390 <br /> 61 County Road 10. <br /> 62 <br /> 63 Economic Development Specialist Steinmetz asked the EDA how aggressive Staff should be at <br /> 64 marketing 2390 County Road 10. The reason the question is asked, is because the agreement <br /> ei 65 with Master Development will be expiring and that leaves Staff to market the property. <br /> 66 <br /> 67 Economic Development Specialist Steinmetz reviewed potential ways to market the property. <br /> 68 <br /> 69 Commissioner Flaherty said he does not want to spend money for public relations but does want <br /> 70 to market this property aggressively. He then said that when the property was purchased in 2006, <br /> 71 Staff informed the EDA that the City would be made whole. The City should not buy property to <br /> 72 take a loss and he would prefer to leave the property as green space, if the City cannot be made <br /> 73 whole,until the market turns around. <br /> 74 <br /> 75 Commissioner Flaherty said that he wants to market the property and get the value out of the <br /> 76 property otherwise he wants to sit on it. <br /> 77 <br /> 78 President Marty indicated that he was under the impression that the City would be made whole <br /> 79 eventually, by putting something new on the site that will bring in taxes. <br /> 80 <br /> 81 Economic Development Specialist Steinmetz indicted that the acquisition price was $625,000 <br /> 82 and that is what the EDA paid. The current Ramsey County 2008 estimated market value is <br /> 83 $446,000. <br /> 84 <br /> 85 Commissioner Mueller said that she thinks that there are people who travel down Highway 10 <br /> 86 that would see that sign and the sign could bring in inquiries. She then recommended taking out <br /> 87 the acreage size and just put the telephone numbers for contact information. <br />