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City Council Regular Meeting Minutes May 13, 2003 Page 9 1 liquor store and additional retail space. Ms. Kvilvang reviewed possible options for the 2 redevelopment of this site. She noted the Council has several choices: 3 4 1. Sell the Stonehouse property and use the'proceeds for the fire 5 station/public works facilities. 6 2. Have a lease with the developer of the new liquor store 7 3. Own the land and liquor store and lease it back to the developer. 8 4. Deed the land.to the developer with a reduced lease. 9 5. Own the liquor store building and sell the other portion using the 10 proceeds to pay down the fire station or to build the liquor store. 11 12 Ms. Kvilvang noted the preferred options would be to continue to own the property so there is 13 not a continued expense. She stated owning the land and liquor selling the remaining land or 14 deeding it to the developer for additional uses. She indicated expenses for a new liquor store 15 would need to be paid for and should be considered with the decision as to what happens with 16 this land. 17 18 Ms. Kvilvang reviewed an interim location of the liquor store but noted this could be a negative 19 factor for the City. She noted there is asbestos in the current structures. Ms. Kvilvang stated she 20 has spoken with the current liquor store employees to create a new interior layout and stated title 21 work has begun. 22 23 Ms. Kvilvang noted a County easement would need to be obtained from Hennepin County. She 24 stated they are looking to deed that over to the City. The building on the corner may need to be 25 shifted east and south. 26 27 Ms. Kvilvang reviewed a possible time line with the Council if they chose to proceed. She noted 28 the construction timeline would take roughly 5-6 months. She stated there are three key items 29 when considering the site's future: money has to be spent on this site; either band aid the site; or 30 invest and redevelop the site to meet the needs of the City. She encouraged the Council to look 31 at the long-term effects of the liquor store on the City. 32 33 Jim Winkels, Amcon Construction, stepped forward to address the Council. Mr. Winkels stated 34 pull-tabs are not an issue at this restaurant and noted his organization has dealt with 35 municipalities in the past. He noted he understands the cash flows needed to the City with this 36 restructuring. Mr. Winkels noted his organization is ready and waiting to work with the City if 37 they make a decision on this pre-development agreement. 38 39 Mayor Hodson indicated there was a resolution before the Council. 40 41 Motion by Councilmember Thuesen re: Resolution 03-037 to authorize the Mayor and City 42 Manager to enter into a Pre-redevelopment Agreement with Amcon Construction. 43 44 Motion carried unanimously. 45