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REDA Meeting Minutes—Tuesday,October 17,2017 Page 2 headquartered in Roseville, with overflow warehousing and employees currently located in White Bear Lake, MN. Mr. Wood reviewed the proposed consolidation of their headquarters at one location. Mr. Wood's presentation included project types the firm was involved in; current and proposed future employee counts based on their regional strategy of growth; location of branch offices in several other Minnesota locations as well as other states; and their firm's experience in Roseville, as well as other options outside Roseville if necessary. Mr. Wood reported that the firm would like to remain in Roseville and expressed their hope that it could happen with the assistance of the community. Applicant Representative Andy McIntosh, Vice President of Development with McGough Construction Mr. McIntosh expressed appreciation to city staff and Ehlers representatives in working through this proposed project. Mr. McIntosh reviewed the condition of their current property at 2737 and 2711 Fairview Avenue; with current operations from three separate buildings and locations, proving inefficient. Mr. McIntosh reviewed other options available to the firm in the area, including leasing building; with the preference to stay in Ramsey County and Roseville if possible. 2785 Fairview Building Formerly known as the "Hagen site," Mr. McIntosh reviewed this building, originally built in the 1960's as a trucking terminal; and put on the market for sale; with a recently reduced price receiving multiple offers, and currently successfully put under contract by McGough with approximately two weeks remaining on their purchase agreement due diligence period. Mr. McIntosh provided pictures of the exterior and interior of the structure; reviewed features intended to be salvaged and re-used in a portion of the building; while other portions were slated for demolition. Mr. McIntosh reviewed the checklist as part of their tax increment financing (TIF) application, and previously-referenced Attachments C and D. Ms. Collins also referenced the checklist and sources and uses in arriving at the subsidy request as detailed in the staff report (pages 2 and 3) for this blighted property; with the proposal to create a new TIF district and capture increments accordingly. Member Willmus stated his full support of the McGough efforts; and looked forward to working with them to make this work; and thanked representatives for their presentation, speaking to the importance of the firm in Roseville. If and when the project moves forward, Member Willmus advised that he would, as with all TIF and public subsidy requests, be looking to the job creation aspect, noting that this certainly aligned with his perspectives on that.