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