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Economic Development Authority (EDA) 4. 2. <br />Meeting Date: 09/12/2019 <br />By: Sean Sullivan, Community <br />Development <br />Title: <br />Respond to Property Owner Request to Consider Purchase of 8100 146th Avenue NW (portions of meeting may be <br />closed to the public under Minnesota Statutes Section 13.D.05 Subdivision 3(c)(3) to consider purchase of real <br />property) <br />Purpose/Background: <br />Purpose: <br />Consider purchase of 8100 146th Avenue NW. Anoka County PID is 293225140012. Legal Description is Lot 1, <br />Block 1, Hauser Addition, Anoka County, Minnesota. <br />Background: <br />Staff has been contacted by landowner regarding the potential purchase of property at 8100 146th Avenue NW. <br />Materials will be provided at the meeting. Real estate negotiations can be considered confidential in closed session <br />per Minnesota Statutes. <br />Notification: <br />Notification is not required. <br />Observations/Alternatives: <br />At this time, this is simply a discussion item to respond to a specific request. Nothing in this case should be <br />interpreted as the City is actually considering additional land acquisition. Staff has not formulated a formal <br />recommendation, and is seeking broad EDA recommendation. <br />The EDA could choose to: <br />1. Recommend entering into negotiations for purchase of 8100 146th Ave NW. <br />2. Recommend not entering into negotiations for the purchase of 8100 146th Ave NW. <br />Funding Source: <br />If as a matter of policy and priority the City felt this was an appropriate acquisition, there would be adequate <br />economic development funds. Possible funding sources include: <br />1. EDA Fund <br />2. Anoka County HRA Fund <br />Recommendation: <br />Based on discussion. <br />Action: <br />Based on discussion. <br />Attachments <br />Site Location Map <br />