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Draft EDC Minutes <br />January 16, 2015 <br />Page 3 of 4 <br /> <br /> <br />Hwy 96 at the south end of the site running to the north end of the site. Construction on <br />the site will begin spring 2016 and completed fall 2016. <br />Coordinator Beeman provided updates on a number of other projects: Construction of <br />the new Biolife facility is about 20% complete and is on track to open July 2015. The <br />concrete floor has been poured, and both exterior and interior walls have been installed. <br />An open house is still expected July 2015. It is a $6 million investment. <br /> <br />Snap Market, formerly known as Sam’s, is open for business. The owner is working to <br />get new signs installed and choose a garbage hauler as well as adding more inventory. <br /> <br />State Farm Insurance Company has moved next to Subway in the Edgewood Plaza and <br />is open for business. The new owner, Jessica Thompson, would like to get involved in <br />the community and has already shown interest in volunteering for the Festival in the <br />Park activities. There is still a vacancy between State Farm and Tom Frazen <br />Collectibles. Beeman is working with the property owners to fill the space. <br /> <br />Apple Tree Dental opened June 2014. They still need to complete the build-out on the <br />second floor for their corporate offices in the next year or so. <br /> <br />Bel Rae Senior Residential Facility is about 40% complete and is still on schedule to be <br />completed April 2015. They have seven tenants signed up. <br /> <br />Finally, Pat’s Muffler Shop located at 2848 County Road 10 closed and the city has been <br />receiving interest from car dealerships. Beeman reported that the city code currently <br />doesn’t allow those types of uses for lots less than two acres. The building is actively <br />listed for sale at $350,000. <br /> <br />Beeman reported that he met with Marie Malrick, Program Administrator, at the Housing <br />Resource Center in Shoreview to learn about a variety of housing loan programs <br />available to Mounds View residents and owners. There are home loans available for <br />general home improvements, code enforcement, demolition, and emergency deferred <br />loans, such as a structural roof or immediate electrical safety issue, as well as other <br />programs. Anyone interested is encouraged to call Ms. Malrick at 651.486.7401. <br /> <br />Chair Helgemoe asked the Commissioners if anyone had questions. Commissioner <br />Dahlstrom asked if Biolife will keep their old space. Coordinator Beeman responded <br />stating that Biolife is leasing their current space and the building owner is actively <br />marketing the site in an attempt to attract a new business. <br /> <br />Commissioner Stevenson asked if the Bel Rae Senior Living facility has announced <br />when they will have an open house. Being pre-occupied with the construction piece and <br />hearing no word from Bel Rae on an open house date, Coordinator Beeman will update <br />the Commission at the February 20, 2015 meeting. <br /> <br />Commissioner Freichels asked if the bridge work for the TCAAP site for I-35W & Hwy 96 <br />will be completed this year and I-35W & H will be completed next year. Coordinator <br />Beeman confirmed that both statements are correct and elaborated on the other <br />infrastructure projects relating to the bridgework for 2015-16. Freichels stated that the <br />traffic at the intersection near the Mermaid Entertainment Center was a concern.