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Mounds View EDA February 28, 2005 <br />Regular Meeting Page 2 <br /> <br /> 46 <br />6. REPORTS. 47 <br /> 48 <br />Vice President Stigney requested comment on the results of the Donut Connection discussion 49 <br />held in the last closed Executive Session of the EDA. 50 <br /> 51 <br />President Marty advised that the consensus had been that the City would not expend funds to 52 <br />purchase the property, but that they would try to advertise the property to other developers. 53 <br /> 54 <br />Commissioner Thomas stated that they would be reviewing this in a few months. 55 <br /> 56 <br />Commissioner Flaherty added that they would be contacting some developers to see if there was 57 <br />any interest. 58 <br /> 59 <br />Economic Development Coordinator Backman indicated he had contacted two developers, and 60 <br />one of them has gone to look at the site and thought it may be a good location for a restaurant, 61 <br />and the other is pondering the situation. 62 <br /> 63 <br />Economic Development Coordinator Backman reported that the ribbon cutting ceremony held 64 <br />last Saturday at the CVS Pharmacy had been well attended. 65 <br /> 66 <br />Commissioner Gunn asked what the status of the Hardee’s building was. 67 <br /> 68 <br />Economic Development Coordinator Backman reported that there is scaffolding completely 69 <br />surrounding the business, and that Pasture Enterprises is in the process of re-doing the corner. 70 <br />He added that Caribou Coffee is definitely coming in there, and there are ongoing discussions 71 <br />regarding some other food-related businesses to occupy the eastern portion of the building. 72 <br /> 73 <br />Economic Development Coordinator Backman stated that both the TIF District legislation and 74 <br />the reverter clause legislation they had been seeking had passed in the Senate, and the House 75 <br />process will start tomorrow at 2:30. 76 <br /> 77 <br />7. Next EDA Meeting – March 14, 2005, 6:30 pm. 78 <br /> 79 <br />ADJOURNMENT 80 <br /> 81 <br />President Marty adjourned the meeting to Executive Session at 6:15 p.m. 82 <br /> 83 <br />Following the closed Executive Session, at 7:00 p.m., President Marty noted that a further closed 84 <br />Executive Session would be held following the City Council Meeting. 85 <br /> 86 <br /> 87