Minutes - 2004/05/24 - Laserfiche WebLink

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Mounds View City Council May 24, 2004 Regular Meeting Page 16 Mayor Linke asked how much the demolition at the Perkins site cost. Economic Development Coordinator Backman indicated that the Perkins site was twice the size and the cost was $25,000. Mayor Linke speculated a $12.00 to $14.00 per square foot cost. Council Member Gunn asked if Staff thinks the City can sell the property for a profit. Economic Development Coordinator Backman indicated that would depend upon the use that Council is contemplating. He then said that it is possible if a commercial use is anticipated. He also commented that there is the potential to add some land to it to make it a larger site for redevelopment. Council Member Gunn said she would feel more comfortable if the City stressed that this was being done for redevelopment and not for realignment or for City property because she does not think that the City can afford to do that. Community Development Director Ericson indicated that the Resolution could stipulate the intended use for the property. • Council Member Stigney commented that there is a property on the tax base contributing taxes and he thinks the City should leave it there and let the market value of pnvate purchasers and developers dictate what is done with the site. He then said that, unless there is a definite plan for something that is marketable to recover the money or improve the site that does not involve a fast food restaurant, he is not interested in purchasing the properly. Economic Development Coordinator Backman suggested that if the City lets the market dictate what happens the City will end up with another gas station in that location. He then said that he feels confident that Staff can work with a developer to bring improvements to the location and generate more than $20,000 worth of taxes per year. Council Member Quick asked if the City could take the building down, realign the road and still have enough left of the site for a building site. Mayor Linke commented that there is sewer, water and a gas line running through there. Director Ericson noted the purchase agreement would be contingent upon Council approval. Mayor Linke read part of Resolution 6264. MOTION/SECOND: Gunn/Quick. To Waive the Reading and Approve Resolution 6264, a • Resolution Authorizing Staff to Enter into a Purchase Agreement to Acquire the Commercial Property at 2525 County Road 10 in Mounds View.