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Agenda - Economic Development Authority - 04/11/2013
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Agenda - Economic Development Authority - 04/11/2013
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Last modified
3/19/2025 12:23:03 PM
Creation date
4/18/2013 9:38:07 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
04/11/2013
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WETLAND: <br />There are no issues with wetlands that would make this property unusable; or, effect <br />adjacent properties. NOTE: there is a pond in the NW corner of the property. With <br />delineation, it may be possible to expand the pond for wetland banking —if there is a <br />need. <br />MAINTENANCE: There are no maintenance costs. <br />OWNER & ENCUMBRANCE: This is the former Holiday Station Store site on the north side of Highway 10. It was <br />acquired with RALF funds and is subject to restrictive covenants and is unavailable for <br />sale unless permitted by the Met Council. <br />DISPOSITION: <br />Because this property was purchased using RALF funds, disposition of the property would <br />require replenishment of the RALF funds. Besides that, the property is free and clear; <br />and would likely be attractive for a new user. Staff would like to caution that the <br />acquisition of this property was directly related to the future realignment of Highway 10. <br />
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