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<br />. <br /> <br />. <br /> <br />. <br /> <br />Black reported that the solicitation for the four office sites would be going out soon. He added <br />that the Council will be considering advertising for the mixed-use sites on the east side, which <br />the housing developers believe will help attract customers to the development. <br /> <br />Bauman inquired whom the Ralph Reeder site is being sold to. Femelius replied that that the <br />developer from Marv's Transmission site is interested. Bauman indicated that she thought the <br />site could not be sold for at least a year. Black replied that it is being sold on a contract for deed, <br />which would keep the ownership under the school districts name until it can be legally sold. <br />However, the school district and developers have not approached staff about changing the use of <br />the site. <br /> <br />Brighton Village <br /> <br />Femelius reported that the hotel would not be developing on the site. Kraus-Anderson is still <br />trying to put together a deal with Walgreen's to have a stand-alone store, but it is unclear when <br />that will be finalized. <br /> <br />Nelson inquired if staff knows what Kraus-Anderson is paying in taxes. Femelius replied that he <br />does not know, but is sure that it will be reassessed since the building has come down. Benke <br />suggested that they might end up paying more since the land is more valuable than an aging <br />building. Delaune suggested that this site is not a priority to Kraus-Anderson and they are not <br />urgent to redevelop it. He suggested that for the City to maintain credibility, updates should be <br />posted regarding any process on the site. Harmon suggested that putting an article in the Star <br />Tribune's North section. Witkowski said that the citizens that he has talked to understand that <br />K-A owns the property and must develop the site; however, it would be beneficial to have an <br />update for everyone. Harreld suggested that staff could look into temporary uses for the site <br />until it can be developed. <br /> <br />Marv's Transmission Site <br /> <br />Black reported that the building has been demolished, and soil sample results should be back in <br />roughly a week. Barr Engineering will then submit the results to the peA and hopefully, the <br />City will not have to do any further cleanup. It appears that construction will begin this fall and <br />finish next spring. Harmon asked how large the building would be and if there would be <br />adequate parking. Femelius replied that the parking will be in the back of the building and they <br />have met the parking requirements. Harreld inquired if this developer is the same as the Main <br />Street Village development. Femelius replied that they are not; the developer for this site is <br />Timbercraft Enterprises, represented by John Stenglein and Peter Murlowski. <br /> <br />Witkowski asked for a clarification for the purchase price of $350,000 and a selling price of <br />$175,000. Femelius replied that the owner of Marv's approached the City because he was <br />interested in selling the site. The purchase price of $350,000 was based on the land, building, <br />and business. The site's current market value is $175,000 and the developers are willing to <br />purchase the site for that amount. Bauman said that Jim Casserly told Council that the site would <br />never break even. Femelius replied that establishing a TIF district would help in recouping most <br /> <br />Page 3 of5 <br />