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Mr. Fyksen appears willing to work with the City regarding acquisition of his property. <br />Recognizing there are competing demands for the City’s resources, an appropriate residential <br />development off County Road H2 would be beneficial for providing more housing options to <br />residents/new residents and would add to our tax base. <br /> <br />Staff requests the Mounds View EDA provide direction regarding the sale of private property <br />adjacent to city-owned land. There is a need to articulate a development concept for the <br />proposed residential development. Logical steps would include using the services of an <br />professional appraiser to evaluate the property values <br /> <br />The County Road H2 Residential Development project was discussed at the EDC regular <br />meeting on March 21, 2003. The consensus of the Commission members was that Option 3 <br />presented less risk to the City should the residential market change. <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 />\\Ntserver\MasterFiles\2003\EDA\EDA Packets\03-24-03\Item 06A County Road H2 Residential Development.doc <br /> <br /> <br />