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American' Monarck�,Corpora Rion <br /> 2801 37TH AVE. N. E. - MINNEAPOLIS, MINN. 55421 •,612.788-9161 <br /> October 21, 1987 <br /> David M. Childs/City Manager <br /> ST. ANTHONY VILLAGE <br /> 3301 Silver Lake Road <br /> St. Anthony, MN 55418 <br /> RE; East parcel of American Monarch 'Corporation property <br /> Dear Dave; - <br /> In April the Board of Directors of American Monarch Corporation <br /> made a decision to basically limit total employment at our present <br /> facility to 200 employees. In line with that decision, I have been <br /> directed to pursue the sale of the approximate 12 acre between our <br /> building and the AMOCO station. <br /> We have done some preliminary work and it appears that there is a <br /> market for the piece of property at a price that is attractive to <br /> American Monarch Corporation. In talking to several Real Estate <br /> agents, we have told them that in our opinion, the City of <br /> St. Anthony would not approve a fast food restaurant or similar <br /> type business establishment that can be considered a nuisance to <br /> the residents across the street. The realtors feel that the site is <br /> ideal for a professional type building such as a Medical/Dental <br /> Clinic or similar type office building. <br /> As you know our present structure is approximately 60,000 Sq.Ft. <br /> of manufacturing which would require approximately 170 parking <br /> spaces. The present parking facility is 128 on American Monarch <br /> property and 100 additional spaces are on property that we lease <br /> from the Soo Line on a year-to-year basis. American Monarch has <br /> additional property to the West of our building that could be <br /> used for 20 more spaces, Giving us a total of 148 against an <br /> ordinance requirement of 170. At the present time, American <br /> Monarch has 113 employees of which 75 are Production. Of those <br /> 75, 7 are on the Second shift which means we have a First shift <br /> of 106 people. j <br />