EDSR INFORMATION #2 07-13-1998 - Laserfiche WebLink

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