CCP 04-26-2011 - Laserfiche WebLink

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Director Fernelius questioned if any of the outstate efforts have been successful. Mr. Menke reported there is very little movement into Minnesota. Office consolidation seems to be prevalent;businesses like to consolidate without going too far out of the metro area,preferring to stay where their employees base is. Commissioner Flahave questioned what the percentage of business is referral based. Mr. Menke estimated 65%. Mr. Menke noted currently market rate rental is popular and commented the upcoming Stuart project is good for New Brighton. Commissioner Benke asked if they are considering retail space with rental units above. Mr.Menke stated he would approach that idea thoughtfully,as it has not proven successful in all cases. Commissioner Benke asked what the developer's thoughts are related to the potential Vikings stadium. Both Mr. Menke and Mr. Phelps thought it would be beneficial to the project. City Manager Lotter asked what experience the developers have in working with the legislature to request additional funding for clean up purposes. Mr.Menke noted they work closely with a lobbyist and they have an environmental specialist on staff as well. Commissioner Beach questioned how the developer would approach the legal aspects of a hospital. Mr. Menke reported they have worked on medical office buildings in the past, and would work with their lobbyist to facilitate necessary meetings. Matt Rauenhorst summarized the service Opus would provide,indicating that they would work hard to satisfy the City's goals. Commissioner Flahave questioned if there is any superfund money available. Mr. Menke stated he would consult his colleague Margaret Knowlton. Director Fernelius reported the EDC will discuss today's interviews as well as the future Brokerage interviews at their next meeting;April 19th, and would hope to have a recommendation to the City Council following that meeting. The meeting ended at 9:45.