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Reports of Staff August 21, 2015 Page 7 of 10 wedding supplies for Indian style weddings. The business is expected to open September 1, 2015. Outsource Receivables Inc.: Outsource Receivables is a new business located at 5354 Edgewood Drive. They provide medical billing and coding services and serve medical offices in Minneapolis, St. Paul, Greater Minnesota, Wisconsin, Iowa, North Dakota and South Dakota. F. Snyder Building Staff has learned from the realtor that the owner of the Snyder building is from Canada and built the building about 2007 or 2008 during the peak of construction boom. Once the “Great Recession” hit, Snyder’s went out of business, gave the keys back to the owner and walked away from their lease agreements. Some developers sued Snyder’s and won settlements. Others, like the Mounds View location resulted in the original owner taking over the remaining mortgage. According to the broker, the owner didn’t state how much is owed or what the current asking price and rent is. She did say however, that the price is now less than two million dollars and they are accepting reasonable offers over $1 mill and under $2 mill. The original asking price was $2.5 million with the lease rate at $14 p/sq. ft. City staff has passed along a list of interested business owners and the broker has stated that she has been in contact with at least one interested party and is waiting for a call back from another. Staff continues to field phone calls from interested parties and many businesses like the location but can’t afford the price and/or require more parking spaces. Since the property is privately owned, the city can only suggest they reduce their price to a reasonable level. However, the broker did say the owner is very flexible & creative and would entertain a lease back or other type of financing. Apparently, the owner has other buildings and strip malls in Canada and is an experienced developer. She believes he built three Snyder buildings and a series of Katz pharmacies in Canada. G. County Road 10 Addressing At the June EDC meeting the renaming of County Road 10 was discussed. Businesses are using variations of County Road 10 in their addressing. With the recent additions of the Bel Rae Senior Living and Bio Life, the Post Office refused delivery to Bel Rae until they changed their address. Staff has been in regular contact with the local Post Office to address the confusion over businesses using variations of County Road 10. Recently, City Administrator, Jim Ericson sent emails and spoke to the person at the USPS in Minneapolis responsible for addressing. Below are copies of those emails.