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Mounds View EDA June 8, 2020 <br />Regular Meeting Page 3 <br /> <br />Commissioner Gunn questioned what the price was for the residential lot. Assistant City 1 <br />Administrator Beeman commented the EDA has not set a price for this parcel. He noted the 2 <br />County has a value of $64,000. He anticipated ReMax could provide the City with a broker’s 3 <br />opinion of value for this property. Mr. Harris commented he could provide the EDA with this 4 <br />information and noted the price at this time was listed as negotiable in order to allow him to 5 <br />work with developers. Assistant City Administrator Beeman discussed the expense future 6 <br />developers would have to incur in order to demolish the existing buildings. 7 <br /> 8 <br />Commissioner Gunn suggested ReMax review the boundary between Tires N More and CVS 9 <br />because there were issues or a misunderstanding of who owned the back property. Mr. Harris 10 <br />thanked Commissioner Gunn for this information. 11 <br /> 12 <br />Commissioner Gunn questioned how this property would be marketed. Mr. Harris discussed 13 <br />how the property would be marketed and explained he would bring developer ideas to the EDA 14 <br />for consideration. 15 <br /> 16 <br />Commissioner Meehlhause asked if the City-owned property could be used as a bargaining chip. 17 <br />Assistant City Administrator Beeman stated this would be a tool available to the EDA to assist 18 <br />developers with completing a new project. 19 <br /> 20 <br />Commissioner Hull explained he supported the proposed brokerage listing agreement. 21 <br /> 22 <br />President Mueller recommended the annual average income for each of the properties be 23 <br />reviewed by ReMax. Mr. Harris stated he would investigate this further. 24 <br /> 25 <br />MOTION/SECOND: Hull/Bergeron. To Authorize Staff to Cooperate with the City Attorney 26 <br />and all Necessary Parties to Further Review any Documents, Agreements and Resolutions for the 27 <br />Brokerage Listing Agreement for EDA Owned Property. 28 <br /> 29 <br />A roll call vote was taken. 30 <br /> 31 <br /> Ayes – 5 Nays – 0 Motion carried. 32 <br /> 33 <br />7. REPORTS 34 <br /> 35 <br />None. 36 <br /> 37 <br />8. NEXT EDA MEETING: Monday, June 22, 2020 at 6:30 p.m. 38 <br /> 39 <br />9. ADJOURNMENT 40 <br /> 41 <br />President Mueller adjourned the meeting at 6:36 p.m. 42