2006.04.17 EDA Packet - Laserfiche WebLink

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BACKGROUND MEMO FOR THE EDA MEETING OF Monday, April 17, 2006 3. March 20, 2006 EDA Meeting Minutes City staff recommends that the EDA approve the minutes for the March 20, 2006 EDA meeting as presented. A. Presentation of Multifeeder Concept Plan-Neal Nordling City staff has met with representatives from Multi-Feeder, Inc., for the past months for construction of a building in the Bald Eagle Industrial Park. The applicant is requesting a concept plan review for the development that would consist of three buildings totaling 55,400 square feet including associated parking lots on Fenway Boulevard in the BEIP.Neal Nordling,the president and CEO of Multifeeder Technology, is planning on purchasing the property legally described as Lot 3 Block 1 of Bald Eagle Industrial Park 4th addition. The property is currently vacant and is located immediately north of the old Minnesota Union Builders building. The applicant is proposing to divide the property into 3 lots. A public road way is planned to allow for buildings 1 and 2 to be constructed with frontage along the new roadway. Building 3 will be the Multifeeder Technology facility that will employ 40-50 workers and involves high tech design and manufacturing of processing equipment. The other 2 buildings are part of the future site build out. Neal Nordling will be present at the meeing to discuss the construction of the new business. 4.Update on Downtown Redevelopment: Egg Lake Project On Tuesday, March 28th, City Administrator Mike Ericson, CD Director Bryan Bear, and CD Intern Rachel Simone met with Charles and Mark Nosie who own the building across from city hall at 14667 Forest Street to talk about property acquisition. The Building currently consists of Glyph Printing and a barber shop. Charles and Mark were willing to listen and were very interested in the City acquiring their property. We met with them again on April 4th at the property in question to talk over the details of the acquisition. Staff, and Charles and Mark signed a drafted purchase agreement to sell the property for$195,000. We are working on the final purchase agreement and are looking forward to meeting with them again to finalize the purchase. The Hancock property at 5583 147th Street was on the agenda at our last City Council meeting on April 3rd. The EDA requested direction from the Council on whether the acquisition of the property should move forward. The Council declined the consideration of the offer from the Hancocks and directed staff to notify the Hancocks and the EDA as soon as possible. The Coucnil's reasoning behind declining the offer was that the city has not budgeted for the acquisition of the property and the parcels across from City Hall are more of a priority. Staff has also met with Bill Barrett who owns the building at 5673 147th Street about property acquisition. He did not say whether or not he was interested but,he was willing to listen. He