Laserfiche WebLink
4.01: Consider First Amendment to Purchase Agreement and Right of Re-Entry <br /> Agreement for Part of Outlot C,Affinity at COR; Case of COR Trust Bank (Portions <br /> may be closed to public) <br /> Economic Development Manager Sullivan presented the staff report. <br /> Chairperson MacLennan asked if there is any indication that the applicant would not move <br /> forward. <br /> Economic Development Manager Sullivan replied that the applicant has been great to work with <br /> and has expressed frustration with the slower timeline due to licensing requirements for his Project <br /> team members. He stated that the applicant is committed to the project but does require a drive- <br /> thru, noting that will need to be worked out through the Plan <br /> Commission and City Council. <br /> He explained that the property is within COR-1 whic lows one drive-thru, while the <br /> bordering COR-2 district allows two drive-thru lanes. stat d that a potenti hange in zoning <br /> is something that the Planning Commission will ne o consi r. <br /> Member Johnson referenced the drive-thru and ask drive-thru ane could be <br /> accommodated. <br /> Economic Development Manager Sulliv ed that staff uld not be supportive of a third <br /> drive-thru lane. He stated that even allowi -thru lanes would be a bit of line blurring. <br /> 4- <br /> Chairperson MacLennan asked for details on t ro o and Aether that was part of a parking <br /> lot or West Ramsey Parkway. k <br /> Economic Development Manager Sullivan provided details on the alignment of West Ramsey <br /> Parkway. <br /> Motion by er Wiyninger, seconded by ber Stewart,to recommend that the City Council <br /> approve st Amendment to Purchase Agreement and Right of Re-entry Agreement for Part of <br /> Outl ffinity at COR as presented; subject to City Attorney review. <br /> Motion ca Voting Yes Chairperson MacLennan Members Wiyninger, Stewart Howell <br /> Johnson, and Voting No: None. Absent: None. <br /> 4.02: Consider R f Anoka County Regional Economic Development Partnership <br /> (ACRED) <br /> Economic Development Manager Sullivan introduced the Economic Development Director from <br /> Anoka County to provide an update on ACRED. He stated that the EDA is asked to consider <br /> renewal of the ACRED partnership, which would have a cost of $1,626. He noted that is an <br /> increase of $50 from the previous year. He noted the benefit that is provided through the <br /> membership which allows the City to post real estate listings on the MNCAR website which alone <br /> justifies the expenditure. <br /> Economic Development Authority/March 9, 2023 <br /> Page 2 of 4 <br />