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2015.04.14 EDA Agenda Packet
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2015.04.14 EDA Agenda Packet
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1/11/2016 9:42:04 AM
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Commissions
Meeting Date
4/14/2015
Document Type
Agenda/Packets
Commission Name
EDA
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REDVELOPMENT OPPORTUNITY <br />LAND SALE OPTIONS <br />ki �41�� `r Y 5►ag i��,S,c�s� �: <br />PRIME DEVELOPMENT LAND <br />DOWNTOWN HUGO <br />Forest Boulevard (TH 61) on 4.3 acres <br />Hugo, Minnesota 55038 <br />PROPERTY • zoning: Central Business (C-1), allowing for <br />commercial multiple uses. <br />HIGHLIGHTS <br />• A market study has been recently completed <br />for the downtown area. <br />• Located within a Tax Increment Financing (TIF) <br />District. <br />• Approved redevelopment plans for a restaurant <br />use on a portion of the property. <br />• Price of property can be reduced when <br />development criteria is met. # <br />• The property is owned by the City of Hugo.��r r, <br />• Downtown Plan and Design Guidelines apply <br />to development in this area. <br />The property is located in the heart of the City of Hugo and offers a wide array of opportunities for any buyer. <br />With over 650 feet of lakeshore frontage, this beautiful property is great for a mixed used development with a <br />restaurant/entertainment use, as well as, commercial, boutique retail, office, and housing. This property could <br />become the centerpiece for the downtown business district in the City of Hugo. A survey of the property is <br />available upon request. <br />City, of The property is within minutes of the newly redesigned freeway interchange at 135E (ADTV 86,900) and <br />Ug0 County Rd 14/8 (ADTV 13,900). Highway 61 (ADTV 14,100) has been recently resurfaced and a turn lane has <br />been constructed to access the property. The property is generally flat with very high visibility located on <br />Highway 61. <br />•� ty *� <br />1 t <br />�'I� <br />� # y <br />• Approved redevelopment plans for a restaurant <br />use on a portion of the property. <br />• Price of property can be reduced when <br />development criteria is met. # <br />• The property is owned by the City of Hugo.��r r, <br />• Downtown Plan and Design Guidelines apply <br />to development in this area. <br />The property is located in the heart of the City of Hugo and offers a wide array of opportunities for any buyer. <br />With over 650 feet of lakeshore frontage, this beautiful property is great for a mixed used development with a <br />restaurant/entertainment use, as well as, commercial, boutique retail, office, and housing. This property could <br />become the centerpiece for the downtown business district in the City of Hugo. A survey of the property is <br />available upon request. <br />City, of The property is within minutes of the newly redesigned freeway interchange at 135E (ADTV 86,900) and <br />Ug0 County Rd 14/8 (ADTV 13,900). Highway 61 (ADTV 14,100) has been recently resurfaced and a turn lane has <br />been constructed to access the property. The property is generally flat with very high visibility located on <br />Highway 61. <br />
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