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