Laserfiche WebLink
<br />Item #: 7A−G <br />Meeting Date: Feb. 15, 2013 <br />Type of Business: EDC <br />Administrator Review : ____ <br />City of Mounds View Staff Report <br /> <br /> <br /> <br />To: Economic Development Commission <br />From: Heidi Steinmetz, Economic Development Specialist <br />Item Title/Subject: Reports of Staff <br /> <br /> <br />7A – TCAAP Development Update <br />City staff will provide a verbal update on this item during the Feb. 15 th EDC meeting. <br /> <br />7B – Mounds View Business News <br />The former Taiko Sushi restaurant building, located at 2394 County Road 10, has gone <br />into foreclosure. The Ramsey County Sheriff’s sale occurred on January 4, 2013. The <br />property reverted back to US Bank pending the redemption period, which ends on July 5, <br />2013. <br /> <br />The Mounds View EDA owns the parcel immediately adjacent to this property. Th e <br />address of the EDA’s parcel is 2390 County Road 10. Below is a map showing the <br />locations of the two parcels. <br /> <br /> <br />City staff will recommend that the EDA purchase the note from US Bank if possible in order <br />to combine the two parcels for a future redevelopment project. According to the November <br />7, 2012 foreclosure notice, the amount due to US Bank is $252,059.45. City staff is <br />requesting the EDC’s input on this matter. <br /> <br />7C – Available Business Sites in Mounds View <br />Attached is a list of available business sites in Mounds View. Site details are available on <br />the City’s Website. <br />EDA-Owned Parcel <br />2390 County Rd 10 <br />2394 County Rd 10