2015.06.16 EDA Minutes - Laserfiche WebLink

Home

conversations regarding the criteria of development. She urged the EDA to keep in mind that marketing this property may be difficult, as not a lot of restaurants are being built from the ground up. She described an earlier conversation from the St. Paul Port Authority describing the amount of risk associated with new construction restaurants. Houle stated that he cannot remember the last time the bank he works for has financed a new construction restaurant. Juba stated that staff is slowly ramping up the marketing of the City -owned property. She said that staff are thinking of different ways to get the property seen, including a new sign on the property with the price point listed on it. She also described that MNCAR has a MNCAR exchange, which allows you to send an e-mail blast to nearly 4,000 brokers. She stated that the cost of this is very high when you're not a member, so she is investigating further ways to use this resource to get the listing out. UPDATE ON DOWNTOWN REDEVELOPMENT Planner Juba updated the EDA on downtown redevelopment. She stated that O'Reilly Auto Parts has not pulled a building permit yet, but that she expects them to pull their permit sometime this construction season. Juba also described plans for a retail strip center of 5,000-7,000 sq. ft. located to the west of the Blue Heron. She stated that depending on size, she believes this building would have 2-3 tenants. Juba next described that the property west of Kwik Trip is under contract by Park Dental. She stated that they are running out of space in the building they currently occupy in Hugo, so plan to build an 8,000 sq. ft. building in phases. Juba then informed the EDA that the City has recently received an application from Hugo Equipment Company. They are planning to build an expansion onto the existing building for cold storage. She stated that the application should be going through the Planning Commission on July 9th Intern Leitz described the concept plan for a proposed development, Clearwater Cove, located south of Frenchman Road (CR 8) and east of Everton Avenue. She stated that the developer, D.R. Horton, is proposing 89 total lots with approximately 32 lots being built in phase one. Leitz described that D.R. Horton would be asking for a PUD but is planning a development that exceeds City standards through creative planning of the site, a public park, sidewalks and trails, and a stormwater re -use system. Leitz explained that D.R. Horton will be submitting a PUD application and Preliminary Plat application on Friday. ADJOURNMENT Denaway made a motion, seconded by Gallivan, to adjourn at 5:59 P.M. All ayes. Motion carried.