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EDA BUSINESS Case gl: South of Highway gl 0 Development City Administrator Norman reviewed with the EDA the preliminary meetings staff has had with Mr. Brad Lano of Lano Equipment regarding possible redevelopment plans. Staff also reviewed plans for the Dickenson property, which is located south of Highway gl0, immediately adjacent to the Anoka City border. It was noted that the Peterson property, located between the Dickenson property and Lano Equipment, is for sale and could be utilized for development by both Lano Equipment and prospects for the Dickenson property. The EDA directed staff to come back to the December meeting with more detailed information regarding the possible redevelopment plans for the area south of Highway #10 which includes the Dickenson, Peterson and Lano equipment parcel. The EDA directed the City Administrator to make initial contact with the Peterson's to discuss land cost and report back to the EDA at their December meeting. Case #2: Darkenwald (western Alpine Drive) Project The City has received information that there are four potential developers that would like to utilize property west of Alpine Drive. Two additional projects have indicated interest beyond the previously discussed mechanical and lumber uses. The City Administrator has made contact with Park RV and has learned that they are a willing seller. Darkenwald has approached the City as a willing seller to help facilitate redevelopment and new development west of Alpine Drive. Administrator Norman is in the process of obtaining appraisals of the Park RV and Darkenwald property. Results of the appraisals will be brought back to the EDA at the December meeting for review and further recommendation. Case #3: IRT and the Chies Property Acquisition City Administrator Norman reviewed with the EDA IRT's interest in developing on the Chies property, Morrel's Trucking Inc. property, and Superior Striping property. Chies property is the immediate need for expansion of IRT's recycling operation. Staff is waiting for an appraisal to come back from Pro-source to begin negotiations. A meeting has been set up with an attorney representing the Chies' to begin negotiations. Case #4: Sunfish Lake Boulevard/US Highway gl0 Northeast Development Administrator Norman updated the EDA regarding possible redevelopment plans of property currently being utilized by Plants and Things. Staff will continue discussions with the property owners and the owner of Plants & Things to formulate the redevelopment process for the area. Economic Development Authority/ November 14, 2001 Page 2 of 3