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ELK RIVER CITY COUNCIL <br />13065 Orono Parkway <br />Elk River, MN 55330 <br /> <br />Council Members: <br /> <br />A conflict in my schedule precludes my attending the 5:00 P.M. meeting Monday May 18, 1998 <br />to discuss the Elk River Mall. Please accept these written thoughts and the presence of Jack <br />Sheedy and Larry Leitschuh in my absence. <br /> <br />USES <br /> <br />During 1988 and 1989 there were several meetings between representatives of the mall ownership <br />and representatives of the Elk River Administration. The meetings were culminated at the City <br />Council Meeting of October 16, 1989 when the Council considered a motion to amend the PUD <br />Agreement to allow business and professional offices at the Elk River Mall. The Amendment was <br />to allow "not to exceed 10,000 square feet for a four year period" with all restrictions lif[ed after <br />four years. The motion passed 4 - 0. <br /> <br />Subsequently a chiropractic office, an insurance office, a tax office, a dance studio and a tailor shop <br />have leased space at the mall as a result of this amendment. We have presented leasing <br />opportunities to numerous business and office users, but we have not been successful with all our <br />proposals. <br /> <br />MARKETING <br /> <br />Our Company has retained a Real Estate Management and Leasing Company (Jack Sheedy & <br />Associates, Inc.) with representatives having over 60 years of real estate experience. Since Hagen <br />vacated the County Market space, the Company has made contacts with the following <br />organizations and businesses concerning the leasing of space: <br /> <br />Burlington Coat Factory <br />Burlington, New Jersey <br /> <br />Cherokee Equipment <br />% Rademacher Companies <br /> <br />Best Buy Company <br />Eden Prairie, MN <br /> <br />Astrup Drug <br />Austin, MN <br /> <br />Circuit City Stores, Inc. <br />Richmond, Virginia <br /> <br />Rick Wondra of Wayzata Boat Works <br />Rick Foster <br />Health Club <br /> <br />Kohl's Department Store <br />Menomonee Falls, Wisconsin <br /> <br />Frank's Nursery <br />Detroit, Michigan <br /> <br /> <br />