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Mounds View EDA July 12, 2004 Regular Meeting Page 2 The final plat for the residential project was also approved the same day. He stated the City expects to sell its four lots to the developer, and there is a closing scheduled for 1:00 on July 13th at Land Title in the Edina Building in New Brighton. Economic Development Coordinator Backman stated as part of the process to develop the property, a house and garage will need to be demolished on the City’s property located at 3016 County H2. Over the past year the developer and the city staff have proceeded on the basis that the house would be demolished by the City. In January 2003 the City authorized Anoka- Hennepin Technical College to conduct an Asbestos Bulk Analysis of the house. Asbestos was found in two areas. The siding needs to be removed by a licensed contractor. The shingles may remain in place during demolition. Economic Development Coordinator Backman stated that quotes for asbestos abatement and demolition were obtained by the City in the summer of 2003. Because the development process for Hidden Hollow took longer than expected, new quotes have been obtained, with the low bid to Kevitt Excavating in the amount of $7,227.00 for demolition, and to Erickson Enterprises in the amount of $1,800.00 for asbestos removal. Economic Development Coordinator Backman stated that there is an uncapped well in the basement of the house, which the Minnesota Department of Health will require to be capped. A quote was received from B & D Well Sealing of Rockford, MN in the amount of $200.00 to seal the well. Economic Development Coordinator Backman stated it was staff’s recommendation that the Authority Adopt Resolution 04-EDA-190 to approve the contract award for the demolition of the house and garage at 3016 County Rd. H2 with Kevitt Excavating for $7,227.00 for demolition, Erickson Enterprises for $1,800.00 for asbestos abatement, and with B & D Well Sealing to cap the well, and that the funding for these activities come from the EDA fund. Commissioner Marty asked why they couldn’t simply fill the well in, and Economic Development Coordinator Backman stated that that wasn’t allowed. Commissioner Marty asked whether they could pull it out, and Economic Development Coordinator Backman stated that the Minnesota Department of Health requires it to be capped. Commissioner Marty asked whether these costs would be passed onto the developer, and Economic Development Coordinator Backman stated that they would not. President Linke stated that the heading on the Resolution needed to be amended to say County H2 instead of Highway 10.