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H W ' E S T Q U A D f It:y 1 L_KN t T .�.. i�. 12 L tho ain OHM ler' dote ISSUE NUMBER 2 THE CITY OF ST. ANTHONY APRIL 2002 Q. What is happening with a preliminary site plan and will be appraisal of property to be acquired the Northwest Quadrant seeking public input into the plan. will need to be completed. Redevelopment? Q. Does Pratt-Ordway have Q. Will Herberger's remain in the A. On February 12, the City Council an approved plan for the community and be a part of the selected Twin Cities metro area redevelopment? new development? development team Pratt-Ordway as A. No. Although Pratt-Ordway A. It's not know at this time. the developer for the Northwest presented an initial concept, the Herberger's has been a valuable part Quadrant. Pratt-Ordway will develop development team will be working of the community for many years and office/retail and single family housing with St. Anthony officials and the City is committed to working and has designated Dominium to residents to come up with a with the developer to provide an develop the multi-family housing for preliminary site plan. That plan must opportunity for Herberger's to stay at the project. The City expects to enter meet the City's goals and the test of the site. Herberger's would likely be into a preliminary development both financial and market feasibility located in a new building. Any agreement with Pratt-Ordway in Pratt-Ordway will have an Open decision to stay or not stay would April. House on the preliminary site plan have to be made by Herberger's based Q. Why did the City Council later this year to get public feedback. on its needs and the costs associated select Pratt-Ordway? Q. My business is in the with being a part of the new A. The City Council was impressed redevelopment area. When will development. with the high quality construction, I be contacted by the developer? Q. Can my business remain and quality of site design, and become a part of the new q Y g A. Pratt-Ordway will be contacting developwent? sustainability of Pratt-Ordway individual businesses in the developments. The City Council had next month to make an initial A. Like Herberger's, other businesses the opportunity to view metro area introduction. Businesses are also able interested in staying and becoming a developments of the three competing to contact Pratt-Ordway via e-mail part of the new development will developers during a bus tour in at info@prattordway.com. need to work directly with the February. developer to determine the potential Q. I understand that property Q. What happens during the appraisals are taking place in the and the costs associated with preliminary development phase? redevelopment area. What is that remaining. A. During the preliminary all about? Q. Can you tell me when property development agreement phase, the A. In order to determine acquisition will occur. development team and City will qualifications for a tax increment A. An exact schedule is not known at identify those issues which need to district, property owners in the this time. It likely the City and the be addressed in the final development redevelopment area may be contacted development team will enter into a agreement phase and develop the by an appraiser hired by the City. The final development agreement late in framework for addressing them. appraiser will do a quick visual 2002. Acquisition of land is unlikely Those issues typically include inspection of the outside of business to occur until the final development financing, necessary land use and residential properties in the agreement phase of the project. approvals, process, schedule and redevelopment area. This appraisal is However, it is not yet known whether timing. During the preliminary separate from any property acquisition will begin late in 2002 or development agreement phase the acquisition process, which occurs in 2003. development team will also work on later. At that time, a more detailed