1998_0720.ws_packet - Laserfiche WebLink

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2. 2181 Hamline Ave. Single Family Rental Home Owner: Dave Miller 3. 1330 County Road B West Roseville Eye Clinic Owner: Elliott Troup 4. 2150 Hamline Ave. Roseville Auto Repair Owner: Perry & Nancy Noland 5. 1323 Burke Ave. West Single Family vacant Home Owner: Hortense O'Neil Estate 2.2 Appraisal\Environmental Study Report City staff contracted with Metro McKensle Appraisers and Delta Environmental to determine the market value and potential contamination issues on each site. The reports have been completed and are summarized on the attached chart. Staff is in the p recess of meeting with each property owner to review the findings and determine what their expectations and interests are in participating in the future redevelopment of the sites. A summary of those meetings will be discussed at the work session with a better sense of financial gap between the cities appraised value and owners expected return will be reviewed. Devel-oper Interest Identified City staff held several meetings with development flans to explain the Cornerstone Program and-to begin determining an interest in redevelopment of the Northwest and Southeast corners of Hamline and B. As a follow-up, staff mailed a letter to approximately p roximatel 20 development companies providing an update o n the program and asking them to provide a one=page.letter describing their interest in the corner tone Program. Seven level oprnent companies called or mailed letters in response. 2.4 NeXt Steps once staff has met with ali the property owners any! a gap is identified, It is recommended that a request for proposal should be developed that includes a minimum increase in the property taxes and/or uses that meet the Cornerstone once is similar to the Arona RFP. It is anticipated that TiF gill be required to make any redevelopment project in these areas feasible. The willingness of the City to p rovide incentives can also be outlined in the RFP RC =Cornerstone 07120/98 - Page of 3 r