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<br /> <br />Tax-Forfeited Property Acquisition <br />June 4, 2003 <br />Page 2 <br /> <br />Staff presented the concept plans for the proposed residential project to the Mounds View Economic <br />Development Authority 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 municipal property. Staff has developed additional developer selection criteria and <br />requested that the developers submit this additional information to the City by June 5th so that it can <br />be considered at the next EDA meeting on June 9th. Once a developer is selected, the City would <br />seek to develop a Letter of Intent or Pre-Development Agreement with the respective developer that <br />would govern the project. <br /> <br />Recommendation: <br /> <br />Adopt the attached Resolution 729-03 that recommends to the City Council approval of the <br />acquisition of Parcel 36, the tax-forfeited property located between 3000 and 3016 County Road H2. <br />This acquisition would enable the development of a 15 to 21 unit housing development in the <br />southwest portion of the City of Mounds View. <br /> <br /> <br />Respectfully submitted, <br /> <br /> <br /> <br />____________________________ <br />Aaron Backman <br />Economic Development Coordinator <br /> <br /> <br />Attachments: <br /> <br />1. Purchase Statement from Ramsey County <br />2. Site Map <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />\\Ntserver\CityHall\DATA\GROUPS\COMDEV\Planning Commission\PC Memos & Reports\2003\Tax-Forfeited Property Acquisition - June 4, <br />2003.doc <br /> <br /> <br />