Memo- Discussion Of Redevelopment Status of the SuperValu North Annex
I Office of the City Manager I
Memorandum
To:
From:
Date:
Su bject:
Honorable Mayor and Members of the City Council
Steven C. Mielke, City Manager
September 10, 1999
Discussion of Redevelopment Status of the SuperValu North Annex
Staff has been discussing a potential redevelopment option for the SuperValu north
annex property with Opus Corporation. The corporation Opus is working with is asking
the city to portray its willingness to participate in the redevelopment by providing
financial assistance. Staff has already indicated that the city would be willing to provide
some financial assistance, but before we go any further, we feel it appropriate and
necessary to speak with the City Council.
At the work session, the staff will present more detailed information about the proposed
development and some of the implications that could be involved in participating in this
deal. Since some of the information necessary to fully apprise the Council of the
project is not yet available or authorized for public disclosure, we have chosen to
withhold sending out any information at this time. We will present what we can
Tuesday evening.