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Item No: EDA 7A Meeting Date: Aug 14, 2006 Type of Business: Action Administrator Review: ____ City of Mounds View Staff Report To: Mounds View Economic Development Authority From: James Ericson, Community Development Director Item Title/Subject: Authorization to Contract with DSU / Bonestroo to Provide Planning Services Relating to the Former Premium Stop Property Located at 2390 County Road 10 Introduction: After years of neglect and violations relating to the building code, nuisance code and other codes, the Mounds View Economic Development Authority (EDA) acquired the parcel at 2390 County Road 10, formerly operated as the Premium Stop Gas Station. The basis for the acquisition was to (1) eliminate a blighted building and improve the appearance of this parcel located within the County Road 10 corridor and (2) control the future use and/or redevelopment of the property. In support of the former, the EDA has authorized the demolition and site restoration of the property to Kevitt Excavating, with work to be completed by the end of the month. To further the latter goal, the EDA has discussed the potential need to conduct a market analysis and feasibility study to gain a better understanding of the development potential of the subject property as well as adjoining parcels within this block on County Road 10. Conducting such a study would help determine and clarify the City’s vision and redevelopment goals for this site and be a more proactive approach to land use planning rather than simply reacting to the first development proposal submitted. Discussion: Staff has met with Joe Rhein and John Uban of DSU / Bonestroo regarding the EDA’s desire to possibly conduct such a market analysis and feasibility study for this site. Mr. Rhein and his firm are intimately familiar with the corridor and the City through its work on the County Road 10 Corridor Improvement Program and other work conducted in the City. Bonestroo’s merger with Dahlgren, Shardlow and Uban (DSU) offers the City an unprecedented opportunity to benefit from the best of two very qualified teams with decades of experience in land planning, architecture design, traffic analysis and market research. DSU / Bonestroo has submitted a proposal to provide the City with services to help it establish a land use vision consistent with and complimentary to market realities. Their proposal is attached for the EDA’s review and consideration. The total cost of the research and analysis would be $12,800 which would be paid from the EDA’s Tax Increment Finance accounts.