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Mounds View EDA March 11, 2019 Regular Meeting Page 5 quickly as possible. He commented this would allow the EDA to recoup its investment while also putting the property back on the tax rolls. In addition, he would like to see this site redeveloped prior to the development of TCAAP. He commented further on how Mounds View benefits from hospitality tax. Commissioner Hull stated if the EDA were to receive two other proposals it would allow for greater comparison and contrast of the concept plans. He indicated he did not support the EDA using a broker for the marketing and sale of this property. Commissioner Bergeron asked if the City would be financially stable if the sale were delayed. Finance Director Beer reported the City would remain financially stable if the sale were delayed. Commissioner Bergeron commented he did not support the EDA pursuing a broker at this time. He indicated he would rather see a hotel on this site versus another industrial use. He anticipated a hotel would thrive at this location given its close proximity to Medtronic and the NSC. He stated he had no problem moving quicker rather than slower on this project. President Mueller summarized the comments of the EDA noting the group appreciated the presentation from Keller Williams but was not interested in pursuing brokerage services for the sale of the Skyline Motel property at this time. Mr. Rance thanked the EDA for hearing his presentation and stated he would be available in the future if assistance were needed. President Mueller commented she supported a mid-scale hotel on the Skyline Motel property and explained she could support the building being higher than three stories. She indicated this would allow the hotel to buffer some of the noise from the adjacent manufactured home park. She questioned how the EDA wanted to proceed with this matter. Commissioner Meehlhause stated he would not oppose the hotel building being four or five stories in height, noting a taller building would improve visibility from 35W. Commissioner Bergeron indicated he could also support additional stories on the hotel. He requested further information from staff on the timing of this project. Assistant City Administrator Beeman discussed the timeline that would be needed for this project if it were to proceed as a hotel versus an industrial use. He reported an industrial use would lengthen the project timeline. Commissioner Bergeron requested further information from staff on the necessary rezoning. Community Development Director Sevald explained the City could amend the zoning Ordinance to permit hotels in the industrial zoning district. City Attorney Riggs advised staff does not see the zoning of this site being a concern for this project.