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Mounds View City Council Work Session, April 5, 2021 8 <br />Owner Empire One, LLC <br />Western State Bank <br />Address 2701, 2711 MV Blvd <br />Current Land Use Commercial <br />Zoning B-2, B-3 <br />Comp. Plan Mixed Use <br />Opportunities <br />Smaller commercial building <br />Constraints <br />County may deny access because of second access on side <br />streets. <br />Staff Comments <br />Local realtor interested in finding developer/tenant for <br />Western portion of bank lot <br />4 acres, if including bank, TC <br />Recreational, and two houses. <br />Site has great visibility <br />City Participation? No <br />EMV: 2021 Proposed <br />(bank + TC Rec): $1,544,300 <br />($10 p/sf) <br />Redevelopment is dependent <br />upon a change in banking, e.g. <br />if Western moved away from <br />“bricks & mortar”, to drive-thru <br />& online banking only <br />Why this <br />project matters