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Draft EDC Minutes August 21, 2015 Page 5 of 6 paying the mortgage. The owner is accepting reasonable offers above $1 mill and below $2 mill. The original asking price was $2.5 mill. The owner is an accomplished investor, owning some strip malls and three other pharmacies in Canada. He is open to any creative financing for a tenant or buyer and would like to see something happen but he is not willing to give it away either. County Road 10 Addressing Beeman then provided an update on the County Road 10 addressing stating that City Administrator, Jim Ericson had sent the Post Office some emails outlining the issue surrounding the addressing confusion. The Post Office had refused to deliver to the new Bel Rae Senior Living facility because the old County road signs have never been replaced to reflect the newer County Road 10 name. The Post Office was under the impression that the signs were city signs when in reality they are county signs. The County has the authority to change the signs and is the responsible entity to come up with the funding to change the signs. The city had at one time; gone to the extent of meeting with other cities agreeing on a name. However, that effort was halted when exploring resources to pay for the new signs. Businesses are still using three to four variations of County Road 10 and U.S. trunk highway 10 is to the north, also running through Mounds View, adding to the confusion. The Post Office has agreed to continue delivery to the different variations of the address for now. However, the bottom line is that this will continue to be an issue into the future until enough money is allocated to the project to change the signs. City staff will update the Commission if conditions change. Mounds View Business Council Meeting Next, Beeman informed the Commission that the Mounds View Business Council meetings will start up again September 9, 2015 at 7:30 a.m. at the Mounds View Community Center. They are still working on getting a speaker for the meeting. Commissioner Jessica Rieland said she has a speaker from Biolife that is interested in speaking at the meeting however, she hasn’t heard back if this is confirmed. Beeman asked Rieland to copy him on the email and he will take care of it. Other Upcoming Events Beeman informed the Commission of some upcoming events. Music in the Park was held August 20, 2015 at 7:30 p.m. at Silver View Park. Commissioner Rieland said she had attended and it was a fun time. The band was a country band called, “Two Hicks and a Chick”. The Festival in the Park will be held Saturday, August 22. Beeman said the festival starts with a classic car show, then a parade at 10:00 a.m. and a fly-in at the Anoka County/Blaine airport. There will be lots of people, traffic, some street closures, and limited parking. There will be a 5K fun run and bike race, live music, crafts, food vendors, with a fireworks finally. Beeman encouraged everyone to attend and he has been advertising the event on the city’s website, Facebook, and Twitter accounts, but word of mount is just as good.