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<br />Item No: 5A <br />Meeting Date: Aug.16, 2013 <br />Type of Business: EDC <br /> <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: Discuss Redevelopment Vision for Southeast Corner of County <br />Road 10 and County Road H2 <br /> <br /> <br />Background <br /> <br />The City Council’s 2013 Priority Statement includes an action step to “Consider targeted <br />property acquisitions on a case-by-case basis to eliminate blight and to encourage <br />redevelopment and land assembly”. The EDC’s 2013 top priority is <br />“Development/redevelopment along the County Road 10 corridor” with the “Premium Stop <br />Redevelopment Area” ranked as the top priority for redevelopment. <br /> <br />The EDA began the process of completing this action step earlier this summer with the <br />purchase of the former Taiko Japanese restaurant building, located at 2394 County Road <br />10 and the former Robert’s Sports Bar, located at 2400 County Road H2. Below is an <br />aerial photo of the two parcels. <br /> <br /> <br /> <br />Discussion <br /> <br />The EDA also owns 2390 County Road 10 (the former Premium Stop gas station), so the <br />combined site (the three parcels) is a 3.81-acre redevelopment site. The EDA recently <br />authorized a bid from Bolander & Sons to demolish the two buildings remaining on the site. <br /> <br /> <br />2400 County Rd H2 <br />2.05 acre <br />County Rd 10 <br />County Rd H2 <br />2394 County Rd 10 <br />.48 acre