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By: <br /> <br /> CDBG FUNDS <br />Sean Sullivan, Economic Development / TIF Specialist <br /> <br />CASE <br /> <br />_Background: <br /> <br />Staff has identified four parcels of land for redevelopment and utilization of <br />$220,000 in CDBG monies. The properties include Debee, KIH Erecting, Chies <br />and Morrell. The Chies and Morrell properties are adjacent to the St Paul Terminal <br />(formerly known as Danny's Tranny) site and the Debee and KIH properties are <br />just south of AEC Energy Park and north of the recently acquired Alloy Recovery <br />site. At this point no site has been given a higher priority over another for <br />redevelopment. Negotiations with Chies and Debee have been difficult and the <br />lack ~of an immediate "end-user" has not expedited the negotiation process. The <br />grant monies must be spent by June 30, 2003. Staff feels thatit would be prudent <br />to prioritize the site acquisition and proceed. <br /> <br />Recommendation: <br /> <br />Based on discussion <br /> <br />EDA Action: <br /> <br />Based on discussion. <br /> <br />Reviewed by: <br />City Administrator <br /> <br />EDA: 10/14/02 <br /> <br />11 <br /> <br /> <br />