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Mounds View EDA November 13, 2007 <br />Regular Meeting Page 3 <br /> <br />Vice President Stigney said that in one of the whereas clauses, item iii, intent to acquire <br />neighboring property identified as Roberts Sports Bar, his question would be that it seems to be <br />contingent upon proceeding with Roberts but the RFQ was for perhaps Roberts, but the shorter <br />term was Concept B which did not include Roberts. <br /> <br />Mr. Tobin explained that the expectation is that they responded to the RFQ and would like to put <br />together an RFQ for the Premium Stop site, but would like to include the other site, if possible. <br /> <br />Interim Executive Director Ericson said that he feels that the interaction between the City and <br />Master Development is that they are proceeding with or without the Roberts site so he feels <br />comfortable with the language as written. <br /> <br />Vice President Stigney asked that the Resolution be amended to be consistent with the title of the <br />document. <br /> <br />Commissioner Mueller indicated that she would like to see the multiple housing owned, and not <br />rental. <br /> <br />Interim Executive Director Ericson asked how the Authority would feel if the apartments were <br />for senior rentals. <br /> <br />Mr. Tobin indicated that financing is easier to obtain for rental building in today’s real estate <br />market. <br /> <br />MOTION/SECOND: Flaherty/Mueller. To Waive the Reading and Approve Resolution EDA- <br />237 Approving a Pre-Development Agreement With Master Development Relating to the <br />Premium Stop Property. <br /> <br /> Ayes – 4 Nays – 0 Motion carried. <br /> <br />Vice President Stigney indicated that there is concern about rental properties, and asked the <br />developer to work with the City on the redevelopment plans. <br /> <br />8. REPORTS <br />9. NEXT EDA MEETING: Monday, November 26, 2007 at 6:30 p.m. <br />10. ADJOURNMENT <br /> <br />Vice President Stigney adjourned the meeting at 7:03 p.m. <br /> <br />Respectfully submitted, <br />Recorded and transcribed by: <br />Joan Lenzmeier, Recording Clerk