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Reports of Staff February 19, 2016 Page 2 of 3 C. Mounds View Project Updates None. D. Snyder Building Staff is in regular contact with the realtor offering ideas and leads. The main issue is the price and lack of parking. The asking price has been reduced from $2.5 mill to somewhere between $1 to $2 mill. The lease is over $14 p/sq. ft. Many businesses like the location but can’t afford the price and/or require more parking spaces. Staff has learned that the original owner was stuck paying the mortgage and is accepting reasonable offers and is open to creative financing. E. Bel Rae According to Kelly Royten, Executive Director or the bel Rae Senior Living, their second Memory Care community is now open and they have 10 apartments left for Memory Care. They still have availability for Assisted Living with one bedroom and Studio apartments. There current staffing is approximately 50 employees. Overall, they are over 60% filled. F. County Road 10 Addressing County Road 10 signage has caused much confusion over the years with multiple signs displaying different naming of the road. Sign replacement and updating is the sole responsibility of Ramsey County. The county is aware of the issue; however replacing the signs has proven too costly. Therefore, the sign confusion will remain until the county determines this issue to be a priority and finds proper resources to fund the project. The issue was brought up again at the last Mounds View Business Council meeting. Jim Ericson, City Administrator will be meeting with Ramsey County official on February 22 to discuss the matter. Staff will provide an update at the March 18 EDC meeting. G. Mounds View Business Council Meeting The next meeting will be held March 9, at 7:30 a.m. at the Mounds View Community Center. All meetings are now held quarterly and the Twin Cities North Chamber of Commerce may be merging some of the member cities into the meetings . The speaker for the next meeting is TBD.