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Tax-Forfeited Property Acquisition <br />June 4, 2003 <br />Page 2 <br />5taff presented the concept plans for the proposed residen�ial proj ect to the 1!Q[ound� View Economic <br />Development Auihority on May 27th. The majority of the EDA members expressed support of the <br />proposed residential development and authorized the City to move forward with soil borings on Mr. <br />Fyksen's and the mur�icipal pYOperty. Staff has developed additional developer selection criteria and <br />requested that the developers submit this additional inforrnation to the City by June Sth so tha� it can <br />be considered at the next EDA meeting on June 9t�`. Once a developer is selected, the City would <br />seek to develop a Letter of Intent or Pre-Development Agreement with the respective developer ihat <br />would govern the project. � <br />+ , , ;l , , c : i ; <br />Adopt ihe attached Resolution 729-43 that recommends to the City Council approval of the <br />acquisition of Parce136, the tax-forfeited property located between 3400 and 3016 County Road H2. <br />This acquisition would enable the developmen� of a 15 to 21 unit housing development in the <br />southwest portion of the City of Mounds View. <br />Respectfully submitted, <br />/%� a�a�- �. <br />Aaron Baclanan <br />Economic Development Coordinator <br />Attachments: <br />1. Purchase Statement from Ramsey County <br />2. Site Map <br />\Wtserver\CityHa11�DATA\GROUPS\COMDEV�Planning Commission�PC Memos & Reporis�2003\Tax-Forfeited Property Acquisition - June A, <br />2D03.doc <br />