Laserfiche WebLink
4.01: Review Status and EDA Involvement in Redevelopment of Parcels in West <br />Armstrong Redevelopment Area <br />Economic Development Manager Sullivan presented the staff report. <br />Member Stewart asked for more information on the soil concerns. <br />Economic Development Manager Sullivan stated that parcel five was a contractor yard with <br />absentee owners that had been in noncompliance for a number of years. stated that staff worked <br />with the owners to bring the site into compliance, which resulted in ing the space leaving <br />the site. He commented that there have been two interested purchas and some site investigation <br />had been completed, which indicated that soil corrections likelyiwere eded, but not the extent of <br />the corrections. He stated that he would not recommend City acquirethe parcel, but if an <br />interested owner wanted assistance with the potenti. tions, thty could consider <br />participation in that. <br />Member Stewart asked if those issues would im <br />Economic Development Manager Sullivan replied that <br />and is moving forward with constructias has PSD, no <br />proximity to parcel five. He stated that if re were serious iss <br />properties, those most likely would have b <br />Motion by Member Johnson, seconded by Member . uer, <br />pursuant to Minnesota Sjction 13D.05 Subd. 3(c) <br />property (Parcels 2, 3 <br />d that parcel. <br />rip proceeded with due diligence <br />at both properties are in close <br />t would have impacted other <br />ik •r PSD. <br />into closed session at 7:50 a.m. <br />to consider the purchase of real <br />Motion carried. Voting embers Johnson, Bauer, Karpen, <br />Lindahl, Riley , s . Stewa <br />g reconve din open sespn at 8:41 a.m. <br />Econom -velopment Manager Su1,j an stated that in closed session, the EDA discussed parcels <br />2, 3, and 4 -d to potenti.: .cquisition, negotiation strategies, and incentives. Consensus was <br />provided to . ff to wor l ith parcel three at this time and wait on parcels two and four. It <br />was decided that fund ould potentially be used for these activities. <br />5. MEMBER / S F UPDATE <br />Economic Development Manager Sullivan provided an update on recent development interest and <br />activity, and other items of interest to the EDA. <br />6. ADJOURNMENT <br />Motion by Member Johnson, seconded by Member Karpen, to adjourn the meeting. <br />Economic Development Authority/ December 11, 2025 <br />Page 2 of 3 <br />