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EDC Minutes March 17, 2010 Page 3 of 6 B. Gateway Sign Selection (continued) Community Development Director Lehnhoff asked if the Commission had considered locating a sign at Round Lake Road and Highway 96. This location would impact a number of local businesses. The Commission was in favor with this sign location. MOTION: Chair von Holtum moved and Mr. Davidson seconded, to recommend the City Council approve two gateway signs, one at the corner of Lexington Avenue and County Road E; and the other at Round Lake Road and Highway 96. The motion carried. C. TCAAP Update and Proposed Zoning Regulations Community Development Director Lehnhoff provided a TCAAP update to the Commission. He explained three parcels of land would be transferred to Ramsey County for use as trail corridors. The remaining 431 acres of the site were up for public auction and redevelopment. The auction was to be held in late June. The Council has reaffirmed the support for the 2030 Comprehensive Plan which calls for a mixed use development on the TCAAP site. At this time, the City is addressing the zoning regulations on the property to bring it into conformance with the mixed use vision. Community Development Director Lehnhoff explained the TCAAP site has several superfund sites which meant the potential buyer of the site could not take title of the land until the remediation was complete. The expense for the cleanup was unknown and would be worked through once a master plan for the property was finalized. Community Development Director Lehnhoff reported the City would be hosting a multi jurisdictional meeting on April 14, 2010 to provide an update on the property. He then began reviewing the proposed zoning regulations for TCAAP and asked for questions or comments from the Commission. Chair von Holtum asked if the City had received a bid packet from the GSA. Community Development Director Lehnhoff explained the City did not yet have this information. A draft should be available mid -April for the City to review. He noted a second bidder's conference would be held at the end of May. Mr. Erickson questioned what would happen if the public auction was unsuccessful in the sale of the property. Community Development Director Lehnhoff this would be a possibility, but the City is uncertain of the interested bidders. The City has spoken with the GSA about these concerns and the GSA does not have a specific process laid out for this scenario. Potentially, another auction could be held or the property would go up for sale again in several years.