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Housing and Redevelopment Authority Meeting Minutes October 24, 2000 Page 2 I environmental clean-up costs, the prudent way to develop the property is to construct a founda- 2 tion system that utilizes pilings. Further work needed to be done, and this is outlined in a letter 3 of October 19, 2000 from TOLD Development. In short, Walgreens is asking that the $200,000 4 that has been tentatively set aside for this property be made available. 5 Cavanaugh noted that this issue has come before the Planning Commission already, and that dis- h cussion is outlined in the Planning Commission meeting minutes of October 17, 2000. 7 Hodson felt that if something is substandard, particularly the soil, that should be reflected in the 8 purchase price of the property. Cavanaugh agreed; however, he explained that when a situation 9 arises that becomes a permanent impediment to improvements, someone has to step in and get 10 the issue resolved in order for improvements to take place. I I Cavanaugh stated he has the impression that this project will not be developed if the TIF money 12 is not received. Mr. Kalscheur expressed confidence that neither he nor any other developer 13 would touch the property without some sort of assistance because of the environmental �14 conditions. �'f5 Thuesen said one thing he believes the Council should consider. is that some of the questions 16 need to be answered, but also that there is life and property south of 33rd Avenue in St. Anthony 17 that are in dire need of redevelopment. As the Council considers all of the redevelopment 18 possibilities, it needs to determine where the best place is to put the TIF money available. 19 Cavanaugh suggested that this issue be given to Staff so that options and some analysis can be 20 given to the Council. Cavanaugh noted that it seems to be a great project and that he is 21 impressed that the Planning Commission was agreeable to the project in general. 22 Cavanaugh reviewed with the other Councilmembers about their agreement to forwarding this is - 23 sue to Staff for review and analysis. It was the general consensus to refer this matter to Staff, and 24 TOLD Development was agreeable with this decision. 25 B. Discuss Custom Liquidators Property..'. 26 Cavanaugh noted that it was the Council's decision to decide if Staff should pursue options re - 27 garding this property. 28 Hodson remembered that there was a large price being asked for this property. Morrison said that 29 an appraisal of the property was done last spring, and the price was about $500,000. At that 30 time, the Council was not interested because they felt that the price was too high. Since then, the Frontline Church has asked for a conditional use permit and the Staff is feeling that it might be a 46 good idea to take control of this property or face additional conditional use permit applications 33 by various applicants.