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Mounds View EDA May 12, 2008 <br />Regular Meeting Page 4 <br /> <br /> 129 <br />President Marty indicated that he would not entertain an offer of anything less than the assessed 130 <br />value of $8.00 square foot. 131 <br /> 132 <br />Commissioner Hull said he would like to wait until the market turns around. 133 <br /> 134 <br />Vice President Stigney said that he would not wholesale the land and this is not the time to sell. 135 <br />He then said that he would not agree to market the property at this value. 136 <br /> 137 <br />Commissioner Flaherty agreed with Hull and Stigney that this is not the time to sell. The City 138 <br />has an investment in the property and he is looking at the figure that the City has paid for the 139 <br />property and he is not interested in selling the property for a loss. 140 <br /> 141 <br />There was consensus not to take any action at this time. 142 <br /> 143 <br />Commissioner Mueller said she would like to see the sign installed at the site. 144 <br /> 145 <br />Vice president Stigney said he sees no point to the sign because those in the market are in the 146 <br />market to purchase at low prices. 147 <br /> 148 <br />Economic Development Specialist Steinmetz indicated that staff received two quotes for signs 149 <br />one was $250.00 without installation and the other was for $389.00 including installation. 150 <br /> 151 <br />Commissioner Flaherty said he could compromise on the sign. 152 <br /> 153 <br />President Marty asked Staff to bring back the quotes and the proofs at the next EDA meeting. 154 <br /> 155 <br />8. REPORTS 156 <br /> 157 <br /> A. Expiration of Preliminary Development Agreement with Master 158 <br /> Development 159 <br /> 160 <br />Economic Development Specialist Steinmetz explained that the EDA entered into an Agreement 161 <br />with Master Development on November 13, 2007, which expired in six months. Master 162 <br />Development has not requested an extension. 163 <br /> 164 <br />9. NEXT EDA MEETING: Tuesday, May 27, 2008 at 6:30 p.m. 165 <br /> 166 <br />10. ADJOURNMENT 167 <br /> 168 <br />President Marty adjourned the meeting at 7:17 p.m. 169 <br /> 170