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Mounds View City Council Work Session, April 5, 2021 15 <br />Owner Roen Real Estate Holdings <br />ETCL Mounds View, LLC <br />Address 2375 MV Blvd <br />22XX Co Rd H2 <br />Current Land Use Auto Dealership, vacant <br />Zoning B-3, PUD <br />Comp. Plan Mixed -Use <br />Opportunities <br />Potential for senior housing, apartments, mixed-use, <br />commercial/office, medical, retail, owner willing to split off and <br />sell vacant lot with serious buyer, Rydell (Bear) owner <br />interested in buying <br />Constraints <br />Locked up in a REIT, time consuming, legal process could be <br />costly <br />Staff Comments <br />A lot of interest for all types of uses, no one serious enough to <br />wait out untangling legal/mortgages etc. <br />City Participation? Possible TIF <br />if multi-family <br />EMV: $2.9 million <br />($11 p/sf) <br />Why this <br />project matters