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EDC Meeting <br />May 18, 2010 <br />Page 5 <br />The federal government plans w auction off 585 acres of the 2,370 site. The auction is <br />expected to start in lune 2010. The current plan calls for the prospective buyer to complete the <br />remmang environmental clean-up, although due Army, is financially responsible far <br />mediation to an industrial standand. The City has aff ed its vision for the mea as a mixed- <br />use development, with residential, commercial, light industrial, park and open space uses. <br />Railroad Wye <br />Progress on the southeast wye project has been slow. For several months the City has been <br />waiting for the Canadian Pacific Railroad (CPR) to complete the draft agreements that will be <br />needed between the City and CPR and an interline agreement between CPR, MT Properties and <br />Minnesota Commucial Railway(MCRR). The discussions are difficult because much of flaw: <br />work is being handled by CPR's office is Calgary, Alberta. The City must complete the project <br />this your or we will lose the Want funding. <br />VII. Adjourn <br />Next Regular Meeting: Tuesday, June 15, 2010 (7:30 a.m.) <br />