2005.06.20 EDA Packet - Laserfiche WebLink

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3. EDA MEETING OF MAY 16, 2005 City staff recommends the Board approve the minutes for the May 16, 2005 meeting as presented. 4. DISCUSSION OF RFP'S FOR LOT1,BLOCK 1,BEIP 5TH ADDITION With direction from the EDA and City Council, staff prepared an RFP and sent it to over 50 developers,posted it on the City's website,the League of Minnesota Cities website, and listed it on the Minnesota Commercial Realtors Property Database. The staff has received numerous promising phone calls in response to the RFP,however,by the May 27, 2005 deadline, staff had only received two formal responses. The BEIP subcommittee(Granger, Skarich, Klein)has not reviewed the information so far. Staff will present the information to the EDA, and request direction for how to proceed with the sale of the property. 5. DISCUSSION OF RINK-TEC PROPERTY The so-called "Rink-Tec"property is Lot 3,Block 1, of the Bald Eagle Industrial consisting of approximately one acre of land. A company known as"Rink-Tec" bought the property from the City,however the contract required that that building be under construction by May 30, 2004. At the request of Rink-Tec, the City Council extended the construction date for one year, which has now expired as of May 30, 2005. At the June 6, 2005 City Council meeting, the Council directed the staff to buy the property back from Rink-Tec, a process which is currently under way. The staff has been in contact with two businesses who have expressed interest in the property. Staff will present information related to the two businesses to the EDA. Staff requests direction from the EDA for proceeding with the re-sale of this property. 6. DISCUSSION OF EGG LAKE REDEVELOPMENT PLAN The City staff will provide the EDA with an update of progress toward the purchase of the Powell Residence and the old antique store. In addition, the staff has been working with three companies who are interested in constructing senior housing as a part of the Egg Lake Plan. The staff will present this information to the EDA. 7. DISCUSSION OF DOWNTOWN REDEVELOPMENT The staff has had recent discussions with key property owners in the downtown area and is ready to proceed with direction from the EDA to initiate a TIF District for areas near the downtown. The staff will update the EDA with the latest information related to the Downtown Design Guidelines. The staff also is prepared to initiate a Market Study for the downtown. In addition the staff will present redevelopment ideas to the EDA for input.