06-22-2020 EDA - Laserfiche WebLink

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Mounds View EDA June 8, 2020 Regular Meeting Page 2 1 Assistant City Administrator Beeman requested the Authority consider approving a Brokerage 2 Listing Agreement for EDA owned property. He explained ReMax contacted the City last fall 3 regarding the Tires N More property. He reported it would be nice for the City to have one 4 broker (ReMax) representing all three of the parcels in order to get the property marketed. He 5 reviewed the listing agreement and marketing materials for this property. It was noted no fee or 6 commission would be charged to the City from ReMax for the listing and sale of this property. 7 8 Douglas Harris, Commercial Broker with ReMax, introduced himself to the EDA and stated he 9 represents the commercial arm of ReMax Results. 10 11 President Mueller discussed the three properties that would be listed by ReMax, which included 12 the Tires N More site, the two connected buildings on the Simons property and the residential lot 13 behind the Simons property that is owned by the City. She questioned how large the parcel 14 would be for all three properties. Assistant City Administrator Beeman stated all three parcels 15 would be 2.04 acres in size. 16 17 President Mueller asked if all three properties could have the same contract in place. Mr. Harris 18 reported he has had the Simons property under contract for just over a month and a one year 19 contract was signed. He indicated he has had the Tires N More property for the last two weeks 20 and a one year contract was in place. 21 22 President Mueller inquired if all of the contracts should expire at the same time. Mr. Harris 23 stated this could be done. He reported the sellers supported selling the properties all together and 24 understood this would be the most appealing for a potential developer. 25 26 Commissioner Meehlhause questioned if the goal for ReMax was to sell all three properties as 27 one. Mr. Harris indicated all three properties were being marketed and both sellers recognize this 28 was a more attractive approach for developers. However, at the same time, he was marketing the 29 properties separately. 30 31 Commissioner Meehlhause commented the vision for the City was to redevelop these properties 32 together. Mr. Harris stated this would be his preference and noted he would remain open in order 33 to appease the sellers. 34 35 Commissioner Gunn asked what the properties were zoned. Mr. Harris reported the Simons and 36 Groveland property were zoned B-2 and 2832 was zoned B-3. 37 38 Commissioner Gunn inquired if the City should rezone all of these properties the same. 39 Community Development Director Sevald encouraged the City to be flexible to rezone the 40 property in the future depending on what kind of development were to come forward. 41 42