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EDC Minutes November 16, 2018 Page 3 of 4 MWF Developers Beeman informed the Commission that MWF Properties is actively demolishing the site in preparation for construction which is expected to be completed by the end of 2019. The Triton Beeman informed the commission that The Triton project at the Skyline Hotel site was not successful in acquiring its federal tax credits necessary to make the project a reality. Instead, the developer is now seeking interested parties to assume the purchase agreement by December 31, 2018. Beeman has contacted all of the local companies that have shown interest in the past in either building their own building or expanding. In addition, Bauer Welding as about 5 acres to the rear of their property that they are willing to sell for a development project. Potentially, both the Bauer and Skyline property could be combined into one development or several smaller developments. The EDA will consider their options at a December meeting. Other Upcoming Events/Reports Chair Freichels asked about the recent Business Retention & Expansion visit with CoAg Medical. Commissioner Helgemoe and Muckala provided an update on the many uses for BleedStop and its practical application in the military, law enforcement, and other emergency situations including everyday use and pets. It’s an organic substance that stops bleeding immediately and they manufacture the product in Mounds View. The product is promoted nationally and can be found in Walmart, Menards, and other retail outlets. Council Member Meehlhause stated that there is only one shift operating but there is room for growth for more shifts and space capacity and they are adding a second clean room. Beeman reminded the Commission that City offices will be closed November 22-23, 2018 in observance of Thanksgiving. 8. REPORTS OF COMMISSIONERS Commissioner Helgemoe asked about the Snyder’s building. Beeman informed the Commission that an interested party is actively seeking a purchase agreement for a restaurant type of use however the potential new owner is working through some contingencies such as the City’s parking codes and access from Mounds View Boulevard. Stevenson informed the Commission that the Planning Commission has worked with business in the past on parking issues but couldn’t guarantee that would be the case in this situation. The EDC Commissioners seemed encouraged by the news. Helgemoe asked about the El Loro site. Beeman said there has been plenty of interested parties but the lease is still too high.