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HomeMy WebLinkAbout[03a] Cone Castle LLCMarch 23, 2011 DATE: MEMO TO: Economicc Developmennt Authority FROM: CynthiaSSmith-Strack MMunicipal Devvelopment Grroup st BFA GranntApplication: 118 1Avennue NW (Marrie Loso propeerty) RE: Backgroundd: Mr. Jason Neeuerburg, Mr. Aaron Holthaaus, and Mr. Tom Hothauss, d.b.a. Conee Castle, LLCC have st signed a purrchase agreeement for the property at 118 1Avennue NW (Marrie Loso propperty). Jason Neuerrburg and Aarron Holthaus are representing the invesstment group and will attennd the th EDA meetingg on March 330 to providee additional innformation to the EDA. Thhe owners of Cone Castle, LLC (also ownerss of several Taco John’s restaurants in the Twin CCities Metro Area) have enteredd into the puurchase agreeement with tthe intent of razing the eexisting residdential structure andd building a neew, small-foootprint ice creaam/food stufffretail facility. The facility wwill be designed to primarily acccommodate wwalk up traffic with suppleemental business from a drive thru. The invvestment grouup has hand--picked the cuurrent site for the intended use. Please see the attached information foor building layyout and conccept. The investmeent group hass submitted aan applicationn to the Business Façade AArchitectural Grant Program relaated to building design, cconstruction, and landscaaping installattion at the suubject property. Accopy of the BFFA Applicationn is attached to this memoo. As you are aaware, the BFFA Program iss a matchinggrant is for aarchitecturalsservices and aactual construction costs relatingg to façade deevelopmentoor landscape vvisible from public rights off way. The EDA’s 2011 capital allocation inncluded fundding for BFA Grant applications and other remaining balance is suffficient to covver additionaal BFA appliccation. revitalizationefforts. The mm oversight annd authority foor grant approoval was deleegated to the EDA. BFA progra equest: Review of RR Review of thee application is requested. Action: grant application is kindly EDA consideeration of the requested. п¹» î ±º ëê March 23, 2011 DATE: MEMO TO: Economicc Developmennt Authority FROM: CynthiaSSmith-Strack MMunicipal Devvelopment Grroup st Asbestos Abatement/DDemolition Asssistance: 1188 1AvenueNNW (Marie Looso RE: property) Backgroundd: Aaron Holth Mr. Jason Neeuerburg, Mr.aaus, and Mr. Tom Hothauss, d.b.a. Conee Castle, LLCC have st signed a purcchase agreemment for the pproperty at 118 1AvenueNW (Marie LLoso property)). The owners of Coone Castle, LLC have enteered into the ppurchase agreement with tthe intent of rrazing the existing residential structure and bbuilding a neew, small-foottprint ice creaam/food stufffretail facility. Pleasse see the attached information for buildding layout annd concept. e EDA. The Loso Cone Castlee, LLC is seeeking assistannce with asbbestos abatemment from th dwelling is coonfirmed to hhave asbestoss in the sidingg and caulkinng. Asbestos removal increeases the cost of demolition of tthe existing dwelling. Conee Castle is seeeking $6,5000 to assist with the demolition/abbatement. Pleease find addditional informmation attached relating too costs assocciated with demolitioon. the EDA At this timehhas approximmately $17,0000 remainingg in its “Revvitalization”ccapital tt line in the 2011 budgeet. The $6,5500 contributiion to demolition would improvemenleave $10,500 for oother projectss such as landdscaping at CCSAH 75/CR 22. Action: eeration of the request for paarticipation in demolition iss kindly requeested. 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