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<br /> <br />EDA RESOLUTION NO. 07-EDA-237 <br /> <br />MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION APPROVING THE PREDEVELOPMENT AGREEMENT OF THE <br />PREMIUM STOP PROPERTY WITH MASTER DEVELOPMENT <br /> <br /> WHEREAS, the parcel located at 2390 County Road 10, at the intersection of <br />County Road H2 and Co. Road 10, was a nuisance and blighted property on the City’s <br />main commercial corridor; and, <br /> <br />WHEREAS, the Mounds View Economic Development Authority (EDA) acquired the <br />irregularly-shaped site formerly known as the Premium Stop gas station and convenience <br />store in September 2006; and, <br /> <br /> WHEREAS, the EDA intends to facilitate the commercial redevelopment of this 1.28 <br />acre parcel; and, <br /> <br /> WHEREAS, on May 14, 2007, the EDA authorized the preparation and distribution of <br />a Request For Qualifications (RFQ) to metro area developers and redevelopment entities <br />based on the DSU /Bonestroo prepared planning study for the project area; and, <br /> <br /> WHEREAS, Master Development, located in Minneapolis, submitted a response <br />deemed acceptable by staff; and, <br /> <br /> WHEREAS, Master Development has demonstrated an ability to facilitate the <br />redevelopment of the Premium Stop site and the willingness to coordinate the development <br />with adjoining properties to maximize the scope of the redevelopment footprint; and, <br /> <br /> WHEREAS, in an effort to formalize responsibilities and expectations, the Mounds <br />View Economic Development Authority desires to enter into six-month exclusive pre- <br />development agreement with Master Development in furtherance of the expressed <br />redevelopment vision for this area. <br /> <br /> NOW, THEREFORE BE IT RESOLVED THAT the Mounds View Economic <br />Development Authority does hereby approve the attached pre-development agreement and <br />directs the President and Executive Director to execute the agreement on behalf of the <br />authority. <br /> <br />Adopted this 13th day of November, 2007 by the <br />Mounds View Economic Development Authority <br /> <br />________________________________ <br />Rob Marty, President <br />(ATTEST) <br />________________________________ <br />James Ericson, Interim Executive Director <br /> <br />