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05-10-2021 EDA
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5/10/2021 10:47:47 AM
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MV EDA
EDA Document Type
Proclamations
Date
5/10/2021
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<br />Item No 6A <br />Meeting Date: May 10, 2021 <br />Type of Business: EDA <br />Administrator Review : ____ <br />City of Mounds View Staff Report <br />To: EDA President and Commissioners <br />From: Brian Beeman, Assistant City Administrator <br />Item Title/Subject: 21-EDA-343 a resolution approving NorthstarMLS listing change form <br />and contract agreement for property located in Mounds View, Minnesota <br /> <br /> <br />Introduction: <br />Doug Harris of Remax has successfully listed the Tires N More and Simon’s properties as well as <br />Vino & Stogies. Mr. Harris has been working diligently to sell both the EDA owned lot and the <br />Simon’s property as one redevelopment of 2.04 acres. A letter of intent has been signed for a <br />potential redevelopment and both parties are working on a purchase agreement. However, Mr. <br />Harris’s listing agreement with the EDA expires June 9, 2021. <br /> <br />Discussion: <br />At its June 8, 2020 regular meeting, the EDA reviewed the initial listing agreement and agreed to <br />move forward in listing the EDA owned property with REMAX. Remax has agreed that it will market <br />both properties as one redevelopment area and that it will not charge the EDA for brokerage fees or <br />any other fees. The EDA to discuss renewing the current listing agreement with Remax for an <br />additional year expiring June 9, 2022. <br /> <br />Strategic Plan Strategy/Goal: <br />Create and maintain a positive business climate where businesses want to locate and remain in <br />Mounds View. Maximize utilization of development space and current redevelopment sites. Fill <br />vacant space and support redevelopment & development. Continue and focus on public relations <br />activities. <br /> <br />Financial Impact: <br />None. <br /> <br />Recommendation: <br />Staff recommends that the EDA consider 21-EDA-343, A resolution approving NorthstarMLS listing <br />change form and contract agreement for property located in Mounds View, Minnesota. <br /> <br /> <br />Respectfully submitted, <br /> <br /> ________________________ <br />Brian Beeman <br />Assistant City Administrator <br /> <br />Attachments: <br />1) 21-EDA-343, A resolution approving NorthstarMLS listing change form and contract <br />agreement for property located in Mounds View, Minnesota. <br />
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