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Error! Unknown document property name. <br /> <br />Item No: 02 <br />Meeting Date: January 6, 2020 <br />Type of Business: Council Business <br />Administrator Review: _______ <br />City of Mounds View Staff Report <br />To: Honorable Mayor and City Council <br />From: Brian Beeman, Assistant City Administrator <br />Item Title/Subject: Augusta & MWF Skyline Redevelopment Proposal <br /> <br />Introduction: <br />At its November 25, 2019 EDA meeting the EDA heard development proposals from MWF <br />Properties, Augusta Development, Ebert Construction, and Adams French Properties. All <br />of the developers were given instructions to provide a combined site plan and proposal <br />for the January 6 Council worksession. Since that time, both of the temperature controlled <br />storage developers have dropped out leaving Augusta (Senior Housing) and MWF <br />(Affordable Housing) as the only two remaining developers. <br /> <br />Discussion: <br />Augusta Development, llc and MWF Properties have submitted a joint site plan for the <br />Council’s review. (Attached) The developers are offering the EDA’s full asking price of <br />$1.8 mill for the three EDA owned parcels. MWF is proposing to pay $1,123,592 for its <br />portion and be reimbursed utilizing a 15 year TIF and Augusta is proposing to pay <br />$676,408 for its portion with no subsidies. Both developers will be available to answer <br />any questions. <br /> <br />Recommendation: <br />Review the joint development proposal and provide staff direction on how to proceed. If <br />the Council chooses to proceed with both developments then staff will need authorization <br />to cooperate with the City Attorney and both developers in negotiating and preparing the <br />necessary documents including but not limited to a Preliminary or Pre Development <br />Agreement and/or a Purchase and Development Agreement etc. A resolution can be <br />prepared for a future meeting. <br /> <br />Respectfully submitted, <br /> <br /> ________________________ <br />Brian Beeman <br />Assistant City Administrator <br /> <br />Attachment(s): <br />1. Joint Site Plan & Proposal Details <br /> <br /> <br /> <br /> <br />