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<br />Recommendation: <br /> <br />Staff recommends that the Mounds View City Council adopt Resolution 6282 that <br />authorizes staff to enter into a purchase agreement for $820,000 with Calhoun <br />Companies to acquire the commercial property known as Gas for Less located at <br />2525 County Hwy 10 (This item will be considered during the City Council <br />meeting). Staff further recommends that the Mounds View Economic <br />Development Authority authorize staff to undertake a Phase I Environmental <br />Assessment, obtain a tank removal cost estimate and conduct a minimum of four <br />site borings of the site for an amount not to exceed $7,500, and that the results <br />are submitted to the City prior to June 30, 2004. These environmental <br />assessment activities will be paid from Tax Increment Financing (TIF) funds. <br /> <br /> <br />Respectfully submitted, <br /> <br /> <br /> <br />____________________________ <br />Aaron Backman <br />Economic Development Coordinator <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />\\Trout\MasterFiles\2004\EDA\EDA Packets\06-14-04\Item 06A Reso 04-EDA-187 Approv Phase I Environmental Assessment and Other Assessment for Commercial Property known as Gas for Less 2525 County Highway 10.doc <br /> <br /> <br />