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AGENDA ITEM <br /> <br /> <br /> <br />MEMORANDUM <br /> <br />DATE: October 21, 2013 <br /> <br /> <br /> <br />TO:Honorable Mayor and City Council Members <br /> <br /> <br />FROM: Patrick Klaers, City Administrator <br /> <br /> <br />SUBJECT: <br /> <br /> <br /> <br />Background/Discussion <br /> <br />Mayor Grant requested this item be on the work session agenda. <br /> <br />Staff has been in contact with the b <br />property is being marketed for $450,000. According to Ramsey County tax records, this <br />is approximately the value of the land. It is uncertain as to the cost to demolish and <br />remove the existing building. <br /> <br />According to the broker, there have been a number of prospects that have expressed <br />interest in the property. All of the prospects have indicated that they would reuse the <br />existing building in a manner that was consistent with City ordinances. City staff plans to <br />and building facade improvements, but we may be limited depending on what is proposed <br />by the new owners. <br />