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Mounds View EDA March 12, 2007 Regular Meeting Page 4 130 Ms. Krig further said that they have lived in Mounds View for 31 years and this will be their 131 fourth house here and they would like to stay. 132 133 Director Ericson explained that the City is under no obligation to fund the request. Staff can 134 bring this forward for consideration. 135 136 B. Premium Stop Redevelopment Update 137 138 Community Development Director Ericson provided an update for the EDA on the resident 139 meetings noting that the residents seemed pleased with the proactive steps the City is taking. 140 They also appreciate the additional buffering and locating the buildings closer to the corridor and 141 the increased landscaping. 142 143 Director Ericson indicated that some residents would rather see residential in the southeast 144 portion of the property. Staff does not anticipate that area to develop for a number of years. He 145 then explained that Staff had informed the residents that they do not have to move and that this is 146 merely a vision for how the area could redevelop in the future but residents are under no 147 obligation to accept offers of redevelopment at this time. 148 149 Economic Development Coordinator Backman explained that the request for proposal concept is 150 where there would be competing plans presented to the City for review and consideration. The 151 RFQ process is a little different as it would end in a list of qualified developers who have an 152 interest in development within the City. 153 154 Vice President Stigney asked for a Staff recommendation. 155 156 Economic Development Coordinator Backman said that he prefers the RFP process as it gives 157 the City options of what could be done on the site. The RFQ process is good if the City is 158 already set on a specific plan. 159 160 President Marty said that he sees an issue with advertising for an RFP on private properties that 161 the City does not own so it would seem the RFQ would be more appropriate. 162 163 Commissioner Flaherty indicated that the City only controls one parcel in this area so he would 164 lean more toward an RFQ than an RFP. 165 166 Director Ericson said that the City could put a sign up on the property and not use the RFP or 167 RFQ process. He then said that there are people out there that may want to submit a proposal but 168 who would not be qualified to go through the RFP or RFQ process. 169 170 Economic Development Coordinator Backman said that the City can either accept the offers, 171