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Page 7 of 16 <br />DISCLAIMER: concept project information based on preliminary assumptions. Changes will occur. September 16, 2019. Trident Development <br />LLC. <br /> <br />This development will ensure Bremer Bank, a proud and long-time community partner, will have a <br />permanent home in Saint Anthony. This project will also move Bremer Bank, a commercial user, closer <br />to a commercial business hub (St. Anthony Shopping Center)—which will benefit both Bremer Bank and <br />its patrons with a more convenient location. This project will result in land sale proceeds for the City of <br />Saint Anthony ($237,837, $6.00 psf) and convert the subject property from tax-exempt to tax-paying. <br /> <br />Jon Fahning, Director of Real Estate for Bremer Bank, will be in attendance of the joint City Council— <br />Planning Commission meeting to discuss the proposed building design (including sustainability <br />strategies and quality building materials). <br /> <br /> <br />Site 3: New City-Owned Entrance Node 2534 Kenzie Terrace <br />Included in this overall development proposal is the no-cost dedication of a 0.32-acre parcel of land to <br />the City of Saint Anthony for a “Welcome-to-Saint-Anthony” node. It is estimated, at $6.00 psf, this <br />parcel is worth $83,700. Today, this site is covered by a low-usage and dated asphalt parking lot. It is <br />assumed any improvements to this parcel would be paid for by the city. By converting this parcel from <br />a parking lot to a welcome node, impervious surface coverage would be reduced from roughly 80% to <br />less than 10%. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />