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Based on Discussion <br />Staff is looking for general direction for level of City involvement in redevelopment activities in West <br />Armstrong Redevelopment Area including but not limited to: <br />• Identifying and prioritizing redevelopment sites (Parcels 2, 3, 4) <br />• Identifying possible parcel acquisitions (Parcels 2, 3 and 4) <br />• Setting Staff negotiation / policy parameters (acquisition / demolition / site improvements) <br />• Give the private sector more time to redevelop - No City Action <br />• EDA should consider how much of the available fund sources (RLF, City HRA (Anoka County), <br />EDA Unencumbered Fund balance, and to a lesser extent TIF 14) could be utilized without <br />impacting the ability to participate in other projects.(i.e. RALF Redevelopment, TIF 14 obligations, <br />and other larger projects with community -wide impact. (Opportunity Cost) <br />Outcome/Action: <br />Based on Discussion <br />Site Location Overview Map <br />Property Valuation 2021-2026 - Reference <br />4-8-21 EDA Case - Reference <br />4-8-21 EDA Minutes - Reference <br />5-13-21 EDA Case - Reference <br />5-13-21 EDA Minutes - Reference <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Brian Hagen Brian Hagen 11/06/2025 01:04 PM <br />Sean Sullivan (Originator) Sean Sullivan 11/26/2025 11:50 AM <br />Form Started By: Sean Sullivan Started On: 11/04/2025 09:27 AM <br />Final Approval Date: 11/26/2025 <br />