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Mounds View EDA June 13, 2005 <br />Regular Meeting Page 3 <br /> <br />8. REPORTS <br /> <br />City Clerk/Administrator Ulrich stated that an Executive Session was convened on May 23, 2005 <br />at 6:54 p.m. He stated that all Commissioners were present except for Commissioner Thomas. <br />He noted that Director Ericson and City Attorney Riggs were also in attendance. He reviewed <br />stating that the Commission discussed the sale of real property commonly known as The Bridges. <br /> The meeting was adjourned at 7:10 p.m. <br /> <br />Barbara Haake referenced the Commission discussions for the sale of The Bridges property <br />stating that she has put together three potential options for The Bridges that she would like to <br />review with the Commission. She stated that it is her understanding that the sale of the property <br />known as The Bridges is for $8.6 million, which when calculated at 72-acres, is $120,000 per <br />acre and noted that the property tax calculation is for raw land. She provided the Commission <br />with copies of the options and gave a brief overview of each. She asked that the Commission <br />give some consideration to option 3 as a part of their discussion and review. <br /> <br />Vice President Stigney stated that they do not have these options on the table and this is not what <br />is happening right now. He added that if they have an interested buyer let the City know. <br /> <br />Commissioner Flaherty asked staff to review and verify Ms. Haake’s numbers. <br /> <br />Andre Koen, 7951 Greenwood Drive, stated that he is new to the City of Mounds View. He <br />stated that he moved to the area due to the mix, closeness to the City and the amount of green <br />space in the area. He stated that he is concerned that the area would become land locked with the <br />sale of this property to Medtronic and asked the Commission to consider this throughout the <br />process. <br /> <br />9. NEXT EDA MEETING: Special Meeting of the EDA for June 20, 2005 at 6:00 p.m. <br />at the Mounds View Community Center, 5394 Edgewood Drive. <br /> <br />10. ADJOURNMENT <br /> <br />President Marty adjourned the meeting at 6:25 p.m. <br /> <br />Respectfully submitted, <br /> <br />Recorded and transcribed by: <br />Bonnie Sullivan <br />TimeSaver Off Site Secretarial, Inc.