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Economic Development Authority (EDA) 4. 3. <br />Meeting Date: 06/14/2012 <br />Submitted For: Patrick Brama By: Patrick Brama, Administrative Services <br />Title: <br />Discussion of 167th Avenue and Highway 47 commercial node. <br />Background: <br />It was suggested by the EDA Chair to bring forward a dicussion regarding the commercial node at Highway 47 and <br />167th Avenue. This suggestion was in response to the news that 6013 167TH AVE NW is up for sale. The <br />estimated listing price is $550,000. <br />Observations: <br />Attached to this case is some background information on the commercial node at 167th Avenue and Highway 47, <br />including a site map that outlines current property owners and valuations (see fact sheet). The site is currently not <br />in a TIF (Tax Increment Financing) district, but the City has conducted a TIF review of the area, and if the City <br />wanted to purchase and clear the property for redevelopment, this would be an eligible activity for a potential <br />district. There are no identified users to redevelop the property at this time. <br />Funding Source: <br />NA <br />Staff Recommendation: <br />NA <br />EDA Action: <br />NA <br />Fact Sheet <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Kurt Ulrich 06/07/2012 02:35 PM <br />Form Started By: Patrick Brama Started On: 06/04/2012 01:52 PM <br />Final Approval Date: 06/07/2012 <br />