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Item No: 8A <br />Meeting Date: May 28, 2002 <br />Type of Business: EDA Business City of Mounds View Staff Report <br />To: Economic Development Authority Board of Commissioners <br />From: James Ericson, Community Development Director <br />Item Title/Subject: Authorization to Subdivide EDA-Owned Property Located at <br />3016 County Road H2 <br />Date of Report: May 21, 2002 <br /> <br />Background: <br /> <br />At the Council worksession on April 1, 2002, Staff made a presentation regarding the two <br />EDA-owned rental properties at 7861 Groveland Road and 3016 County Road H2. <br />Regarding the property on County Road H2, one of the possibilities discussed at the April <br />1 meeting was to subdivide the 60,000 square foot parcel and sell the home and <br />subdivided lot. The remaining land-locked lot would be held for a future major <br />subdivision. <br /> <br />The tenant of the County Road H2 property is one month behind on her rent and has <br />indicated to Staff that she was considering moving to a different location. Whether the <br />tenant moves or not, the property can be surveyed in preparation for the eventual minor <br />subdivision. <br /> <br />Discussion: <br /> <br />Staff contacted various local land surveyors and civil engineers to inquire as to the <br />approximate cost to prepare the documents for a minor subdivision. Five firms <br />responded to the inquiries, four of which provided estimates ranging between $1,200 and <br /> $1,600. Each firm cautioned that the amount quoted was only a preliminary estimate, <br />that field conditions and other unknown variables might increase the cost of the survey. I <br />asked the firm responding with the lowest estimate to provide Staff with an example of <br />their work for comparative purposes, which they have done. <br /> <br />Recommendation: <br /> <br />Staff recommends that the EDA authorize by resolution the expenditure of EDA funds not <br />to exceed $2,000 to arrange for the minor subdivision of 3016 County Road H2. <br /> <br /> <br /> <br />_____________________________________ <br />James Ericson <br />Community Development Director <br />763-717-4021 <br /> <br />Attachment: <br />1. 02-EDA-164