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RESOLUTION 7187 <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />RESOLUTION APPROVING THE PRELIMINARY DEVELOPMENT AGREEMENT OF <br />THE PREMIUM STOP PROPERTY WITH MASTER DEVELOPMENT <br />WHEREAS, the parcel located at 2390 County Road 10, at the intersection of <br />County Road H2 and Co. Road 10, was a nuisance and blighted property on the City's <br />main commercial corridor; and, <br />WHEREAS, the City Council and EDA acquired the irregularly-shaped site formerly <br />known as the Premium Stop gas station and convenience store in September 2006; and, <br />WHEREAS, the City Council and EDA intend to facilitate the commercial <br />redevelopment of this 1.28 acre parcel; and, <br />WHEREAS, on May 14, 2007, the EDA authorized the preparation and distribution <br />of a Request For Qualifications (RFQ) to metro area developers and redevelopment <br />entities based on the DSU /Bonestroo prepared planning study for the project area; and, <br />WHEREAS, Master Development, located in Minneapolis, submitted a response <br />deemed acceptable by staff; and, <br />WHEREAS, Master Development has demonstrated an ability to facilitate the <br />redevelopment of the Premium Stop site and the willingness to coordinate the development <br />with adjoining properties to maximize the scope of the redevelopment footprint; and, <br />WHEREAS, in an effort to formalize responsibilities and expectations, the Mounds <br />View City Council desires to enter into six-month exclusive preliminary development <br />agreement with Master Development in furtherance of the expressed redevelopment vision <br />for this area. <br />NOW, THEREFORE BE IT RESOLVED THAT the Mounds View City Council does <br />hereby approve a preliminary development agreement with Master Development and <br />directs the Mayor and Interim City Administrator to execute the agreement on behalf of the <br />City. <br />Adopted this 13t" day of November, 2007 <br />Rob arty, Mayor <br />-(ATTEST) ~_ - <br />James Ericson, Interim City Clerk/Administrator <br />(sea1j~. r .__--~ <br />