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January 15, 2010 EDC Meeting Item 6A-2010 Priorities Page 2 of 6 Discussion Below are status reports about the EDC's 2009 priority projects. These status reports should help the EDC prepare its 2010 priorities. 1) Developmentfredevelopment along County Hwy 10 Corridor a. Premium Stop Redevelopment Area (south to County Road H): The status of the Premium Stop Redevelopment Area did not change in 2009. The landowner of the two single-family parcels at 2300 and 2288 County Road 10 is no longer working with a real estate broker to market his properties. The EDC and City Council reviewed a concept for a Burger Time restaurant at 2390 County Road 10 in Fall 2009 but the City Council denied the concept. The Council also decided not to set an asking price for the property. Some Councilmembers wanted the asking price to at least be Ramsey County's assessed value and some members wanted the asking price to be what the EDA paid for the property, which is around $625,000. b. Saturn Dealership: In February 2009, General Motors announced the elimination of the Saturn brand. The landowners of Mounds View's Saturn resold their land in Blaine and decided to recruit new tenants to occupy their Mounds View site. The Planning Commission recently recommended that the Council approve an amendment to the Saturn site's Conditional Use Permit so that new cars do not need to be sold on the site. The Council will hold a public hearing and consider the Planning Commission's recommendation on January 25, 2010. The landowners are in discussions with a nationally branded service shop and used car facility to operate on the site. As of January 12, 2010, the site is listed for sale on the Minnesota Commercial Association of Realtors (MNCAR) Website and The Davidson Companies, Inc. Website. c. Silver View Plaza: The following businesses opened and closed in Silver View Plaza in 2009: • Opened in January - Fantastic Sams • Closed in January - Jian Kang Massage • Closed in March - A Home Enhanced: Stager's Resource Outlet • Opened in June - Corvette Specialties • Closed in December - Laundry King • Opened in December - A+ Coin Wash Property owners Kraus -Anderson had budgeted in 2009 to replace the roof and to repair the HVAC system. They replaced some of the HVAC units in 2009 but they postponed the roof replacement until 2010.