2006.05.15 EDA Packet - Laserfiche WebLink

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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 Council'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 wanted some time to think about what he was going to do with his property in the future. Staff plans on keeping in touch with Mr. Barrett. Darrel and Marsha Bunge also met with staff to talk about property acquisition. Again they did not say whether or not they were interested but, were willing to listen. They currently do not have plans to move but, can see the advantage the city would have if their property was included in the acquisition, and they are excited about the redevelopment plans. Staff plans on keeping in touch with the Bunge's. We have sent letters to the remaining property owners Gary Holmgren at 14663 Forest Boulevard and Chareen Gamboni at 14715 Forest Boulevard to set up a meeting to talk about property acquisition. We have not received any correspondence from them about whether or not they would like to meet. We will also be calling them if no response is received. Bryan gave an overview of the meetings staff conducted with the property owners. He also gave an overview of the purchase agreement set with Charles and Mark Nosie. The EDA was favorable to the purchase agreement and Granger discussed the possibility of negotiating some terms for the purchase agreement. There was a motion by Denaway, and seconded by Arcand, to continue working with Charles and Mark Nosie to negotiate terms and bring it to the City Council and update the EDA on the agreement. All aye. Motion carried.