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Klein asked about the two accesses that the development team showed into the site. The CD <br /> Director stated that MNDOT has stated that they will allow one full access to the area and <br /> possibly one right in right out access. Mark Finnemann stated that they can probably live <br /> with a right in right out access. <br /> Miron stated that TIF money is shown in the financial plan for the project and asked what it <br /> would be used for. Mark Finnemann stated that they need to figure that out more, but will <br /> most likely be used for public improvements like ponds, parking, and utilities. Miron stated <br /> that the City has had these properties for a while now and things are not happening on their <br /> own. This area needs a push and this may be the answer. <br /> Granger asked what the City has into the properties. The CD Director stated approximately <br /> $8 per square foot. <br /> Mark Finnemann walked the EDA through the letter of intent. The big item is the demolition <br /> of the building to the south of the City owned property. He stated that they really want the <br /> plan to move forward. Bever asked if the development team was interested in purchasing the <br /> properties to the south of the City owned properties. Mark Finnemann stated that they have <br /> contacted the property owners to start a conversation, but it did not work out. They would <br /> like to work with the property owners to the south. <br /> Denaway asked the development team what they think the next steps are. Mark Finnemann <br /> stated that it would be working out a developers agreement and demolition of the building to <br /> the south. <br /> Granger asked staff what was going on with the Carpenters redevelopment project. The CD <br /> Director stated that staff has met with them and they are interested in talking about <br /> alternatives. He stated that everything is on the table for them. He stated that the <br /> development team is proposing to purchase an acre. Staff will need to evaluate what we will <br /> have left and look at the whole area. <br /> Mark Finnemann stated that the development team would like to think of the park as a shared <br /> investment between the developers and the City. <br /> Granger asked about the value of the City owned property again and asked what the City <br /> assessor thinks the City could sell it for. The CD Director stated that the City Assessor <br /> believes that the City could sell the property for$8 to $9 per square foot. Granger stated that <br /> the park is not very important to him because we have more parks in the City now then when <br /> the downtown plan was developed and there is Lions Park directly to the west. A park on the <br /> Egg Lake will not attract a large amount of people, but will give businesses a good place to <br /> eat lunch and a view of the lake. The trail connections are important to the area. <br /> Miron stated that staff needs to look at the plan and analyze it. We need to think big picture <br /> for the City. Granger stated lets keep this moving and give the development team a direction <br /> to go. <br /> Miron made a motion, seconded by Klein, to set up a meeting with the owners of Carpenters <br /> Restaurant and include Miron, Denaway and Council Member Weidt. He stated we should <br /> get the valuations from the County and Frank Langer and get estimates for the demolition of <br /> the building to the south of the City owned property. <br />