HomeMy WebLinkAboutEDA AGN 10-15-02CITY OF COLUMBIA HEIGHTS
590 40th Avenue N.E., Columbia Heights, MN 55421-3878 (763) 706-3600 TDD (763) 706-3692
Visit Our Website at: www. ci. columbia-heights, mn. us
EDA COMMISSIONMERS
Robert W. Ruettimann
Patricia Jindra
Marlaine Szurek
Julienne Wyckoff
Gary L. Peterson
Bruce Nawrocki
Bobby Williams
ECONOMIC DEVELOPMENT AUTHORITY
October 15, 2002
The following is the Agenda for the regular meeting of the Columbia Heights Economic Development Authority
(EDA) to be held at 6:00 p.m. on Tuesday, October 15, 2002, at Parkview Villa, Community Room B, 965 40th
Avenue N.E., Columbia Heights, MN 55421
The EDA does not discriminate on the basis of disability in the admission or access to, or treatment or employment in, its
accommodation will be provided to allow individuals with disabilities to participate in all EDA services, programs, and
activities. Auxiliary aids for handicapped persons are available upon request when the request is made at least 96 hours in
advance. Please call the EDA Secretary at 706-3669 to make arrangements (TDD 706-2806) for deaf or hearin~ impaired only.
CALL TO ORDER/ROLL CALL.
PLEDGE OF ALLEGIANCE.
CONSENT AGENDA.(These items are considered to be routine by the EDA Board of Commissioners and will
be enacted as part of the Consent Agenda by one motion.)
A. Move to adopt the consent agenda items as listed below:
1) Approval of Minutes.
a. The Regular Meeting of September 17, 2002.
2) Financial Report and Payment of Bills.
a. Financial Statement for September, 2002.
b. Payment of Bills for September, 2002.
MOTION: Move to approve Resolution 2002-15, Resolution of the Columbia Heights Economic
Development Authority (EDA) approving the financial statement for September, 2002 and approving
payment of bills for the month of September, 2002.
ITEMS FOR CONSIDERATION.
1. EDA Bond Fund Fee- Bill Elrite
2. Reinstate Patricia Jindra, as Liason for Resident Council Meetings- Bob Streetar
MOTION: Move to designate Patricia Jindra as the EDA's representative to the Resident
Council Meetings to record the minutes and report to the EDA.
3. EDA Holiday Gathering/Dinner- Robert Streetar
ADMINISTRATIVE REPORTS
Report of the Deputy Executive Director -Robert Streetar.
Report of the Executive Director - Walt Fehst.
ADJOURNMENT
Walter R. Fehst, Executive Director
mission of tile Co£um6ia Yfeiofits ~conomic (Deve[opment ~uthority is to proviaCe financia[ anar tecfinica£ assistance
anaC resources to resic[entia~ commercia~ ancF inarustria[ interests to promote tiea£tfi, safety, we[fare, economic aCeve[opment
anar reaCeve[opment.
H:\edaAgenda2002\10-15-2002
THE CITY OF COLUMBIA HEIGHTS DOES NOT DISCRIMINATE ON THE BASIS OF DISABILITY IN EMPLOYMENT OR THE PROVISION OF SERVICES
EQUAL OPPORTUNITY EMPLOYER
COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY (EDA)
REGULAR MEETING MINUTES OF SEPTEMBER 17, 2002
CALL TO ORDER - The Regular Meeting of the Columbia Heights Economic Development Authority
(EDA) was called to order by President Ruettimann at 7:43 p.m., Tuesday, September 17, 2002, in the
City Hall, Conference Room 1,590 40th Avenue NE, Columbia Heights, Minnesota.
ROLL CALL
Commission Members Present: Robert Ruettimann, Patricia Jindra, Gary Peterson, Julienne Wyckoff,
and Bruce Nawrocki
Commission Members Absent: Marlaine Szurek, Bobby Williams
Staff Present: Walt Fehst, Executive Director
Bob Streetar, Deputy Executive Director
Randy Schumacher, Community Development Assistant
Cheryl Bakken, Secretary
CONSENT AGENDA
Approval of Minutes
Move to adopt the minutes of the August 20, 2002, regular meeting as presented in writing.
Financial Report and Payment of Bills
Move to approve Resolution 2002-13, Resolution of the Columbia Heights Economic Development
Authority (EDA) approving the financial statements for August, 2002 and approving payment of bills for
August, 2002.
MOTION by Nawrocki, second by Jindra, to adopt the consent agenda items as listed. All ayes. Motion
Carried.
ITEMS FOR CONSIDERATION
RESOLUTION 2002-14, ADOPTING THE PROPOSED 2003 BUDGET AND LEVY
Streetar stated the EDA Budget is funded by the Levy and represents an increase of 2. 6% or $3,554
above last year's levy of $137, 015. The Levy costs a homeowner with the average taxable market value
home of $116,200, $21.07 annually or $1.76per month. In the revenue section Streetar indicated he
inserted a revised sheet for review. Under expert and professional services the large amount reflects all
attorney and financial agencies, which will be necessary with the redevelopment projects.
Ruettimann recommended, City Councilmembers should not reduce the Levy and Budget for the
Community Development Department in the future, but, should take into consideration the
redevelopment projects coming up and the staffing required to accomplish the goals.
MOTION by Peterson, second by Wyckoff, to waive the reading of Resolution 2002-14, there being
ample copies available to the public. All ayes. Motion Carried.
MOTION by Peterson, second by Wyckoff, to Adopt EDA Resolution 2002-14, being a Resolution of
the Columbia Heights EDA Adopting the 2003 Budget of $140,569 and Levy of $140,569 and
recommending this Budget and Levy to the City Council for approval. All ayes. Motion Carried.
Other Business
Ruettimann asked the Board to have dindra reinstated as EDA Liaison for the Resident Council meetings
and that she should also receive the meeting per diem again, if the State Statute permits it. Streetar will
check into the State Statutes prior to the next HRA and EDA meetings in October and will have staff put
the item on the October agenda.
Ruettimann asked what the status of his request to obtain a map of the TIF redevelopment areas in
Columbia Heights and staff meeting with the City Council on the funds the City owes the EDA from the
Crest View rewrite and some other administrative funds that are due to the EDA for funding the project.
Economic Development Authority Meeting Minutes
September 17, 2002
Page 2 of 2
Streetar stated staff has received a map and will be getting a copy of it to the commissioners. Fehst
stated he would bring up the funds due to the EDA at the next City Council meeting and report back.
ADMINISTRATIVE REPORTS
COMMUNITY DEVELOPMENT MONTHLY UPDATE
Streetar stated staff, will be providing the enclosed Community Development Update each month to give
an update of all the projects the department is working on. Staff is focusing on: 1) Industrial Park
Redevelopment area; 2) 4t7h and University Redevelopment; 3) 37~h and Central; and 4) 39'h and Central.
Staff has received a significant amount of interest in both the Mady's site and 39~h and Central
properties. Meetings were held with each developer to
receive their ideas for the site. Staff will plan to meet with the City Council to discuss their ideas. The
first question the developers asked was what does the City Council what to see on the site. The
Industrial Park Redevelopment area is moving along well, staff is developing base maps and collecting
documents necessary for the project.
Peterson felt staff was also working diligently on #5 Improving the Housing Stock and g6 Increasing Tax
Base in Columbia Heights. Peterson commended Streetar and his staff for their hard work on meeting
the goals set by the City Council and EDA.
325 Summit Street
Schumacher passed out a calendar and a copy of the bidding packet for the sale of the City owned
property at 325 Summit Street to the Board for review. It was determined that an authorization for bids
agenda item should go to the City Council meeting on Monday, September 23rd and the sale would be
advertised in the Focus and Star & Tribune newspapers starting Thursday, September 2~h, if authorized
by City Council on September 23ra. Staff has already received many inquiries on purchasing the home.
Streetar stated staff will do the following steps to process the sale of the property: 1) City Council
authorize staff to go out for bids; 2) receive and review the bids on October 16~; 3) October 21st the bids
will go to the worksession; 4) October 28th, will be the first reading; 5) November 12th, will be the second
reading; and 5) there will be a 30 day waiting period until the sale is final. Nawrocki suggested staff put
up a For Sale sign on the property to help advertise.
ADJOURNMENT
President, Ruettimann, adjourned the meeting at 9:09 p.m.
Respectfully submitted,
Cheryl Bakken
Recording Secretary
HSEDAminutes2002\9-17-2002
COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Meeting of: October 15, 2002
AGENDA SECTION: Consent Agenda ORIGINATING EXECUTIVE
NO: DEPARTMENT: EDA DIRECTOR
APPROVAL
ITEM: Financial Report and Payment of Bills BY: Bob Streetar BY:
DATE: October 10, 2002
BACKGROUND:
The bound Financial Report for September 1, 2002 Check Listing (green sheets), and draft Resolution
2002-15 are attached for review. The enclosed Financial Report lists the Revenue Guideline (pink
sheets), the Expenditure Guideline (yellow sheets), Expenditure Guideline with Detail (white sheets),
and Balance Sheet (blue sheets), for each fund and department. The report covers the activity in the
calendar (fiscal) year from January 1 through September 30, 2002.
The Check History shows each fund with an expenditure history during the month of September, 2002.
The total disbursements by fired are shown at the top of the listing.
RECOMMENDATION:
Staff will be available to answer specific questions. If the report is satisfactorily complete, we
recommend the Board take affirmative action to receive the Financial Report and approve the payment
of bills.
RECOMMENDED MOTION:
Move to approve Resolution 2002-15, Resolution of the Columbia Heights Economic Development
Authority (EDA) approving the Financial Statement for September, 2002 and Payment of Bills for the
month of September, 2002.
EDA ACTION:
}{: \Consent2002 \Sept emberFinRep2002
EDA RESOLUTION 2002-15
RESOLUTION OF THE COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT
AUTHORITY (EDA) APPROVING THE FINANCIAL STATEMENT FOR
SEPTEMBER, 2002 AND PAYMENT OF BILLS FOR THE MONTH OF SEPTEMBER,
2002.
WHEREAS, the Columbia Heights Economic Development Authority (EDA) is required by
Minnesota Statutes Section 469.096, Subd. 9, to prepare a detailed financial statement which
shows all receipts and disbursements, their nature, the money on hand, the purposes to which the
money on hand is to be applied, the EDA's credits and assets and its outstanding liabilities; and
WHEREAS, said Statute also requires the EDA to examine the statement and treasurer's
vouchers or bills and if correct, to approve them by resolution and enter the resolution in its
records; and
WHEREAS, the financial statement for the month of September, 2002 and the list of bills for
the month of September, 2002 are attached hereto and made a part of this resolution; and
WHEREAS, the EDA has examined the financial statement and the list of bills and finds them
to be acceptable as to both form and accuracy.
NOW,THEREFORE BE IT RESOLVED by the Board of Commissioners of the Columbia
Heights Economic Development Authority that it has examined the attached financial statements
and list of bills, which are attached hereto and made a part hereof, and they are found to be
correct, as to form and content; and
BE IT FURTHER RESOLVED the financial statements are acknowledged and received and
the list of bills as presented in writing are approved for payment out of proper funds; and
BE IT FURTHER RESOLVED this resolution and attachments are to be made a part of the
permanent records of the Columbia Heights Economic Development Authority.
Passed this __ day of ,2002.
MOTION BY:
SECONDED BY:
AYES:
NAYS:
Robert Ruettimann, President
Attest by:
Cheryl Bakken, Secretary
H:\Resolutions2002\EDA2002-15
CITY OF COL UMBL4 HEIGHTS
DATE:
TO:
FROM:
OCTOBER 3, 2002
WALT FEHST
CITY MANAGER
BOB STREETAR
WILLIAM ELRITE/
FINANCE DIRECTOR
CITY ADMINISTRATIVE FEES ON REVENUE BONDS
At the last EDA meeting there was a request for information regarding the administrative fees
charged on revenue bonds sold by Crest View and Columbia Park Clinic. This is a process that
the City put in place in 1998 to compensate the City for their services and liability exposure
related to non-City revenue bond issues. To account for this revenue, the City created a special
revenue fund. This fund is also used to account for the rental fees we receive for the cellular
antennas on the high-rise and the water tower. Since its inception, this revenue fund has
generated $447,149.53 in revenue. During this time period the expenditures in this fund have
amounted to $148,162.87 leaving a current fund balance available of $298,986.66. I believe one
of the concerns in requesting information on this revenue was related to the EDA board's
involvement in the disbursement of this revenue. Based on this, I have attached a summary
report showing the breakdown &revenue received and the detail listing of expenditures. As you
can see from the list of expenditures, the majority of the items were related to the EDA and
Community Development. If you would like any additional information regarding this fund,
please let me know.
WE:sms
0210032CM
Attachment
City of Columbia Heights
Special Revenue Fund
Summary Information
Period Covered
January 1, 1998 through September 30, 2002
Revenues
Administration Fees-Bond Issues:
Antenna Site Rental
Other Revenues (Sales of Remodel Book)
Investment Income:
Total Revenue
221,089.51
190,717.00
625.00
34,718.02
447,149.53
Expenditures
1 ) Dishwasher for Murzyn Hall (1998)
2) Remodel Handbook (1998)
3) Demographic Study w/City of Fridley (2000)
4) Interest Rate Subsidy MHFA Community Fix-up (2000)
5) Interest Rate Subsidy MHFA Community Fix-up (2001)
6) GMHC Res Home Improvement Loan Program (2002)
7) 1/2 Underground for Central Avenue Project Xcel (2002)
Total Expense
Funds Available at 9~30~02
7,530.87
5,000.00
24,132.00
25,000.00
25,000.00
7,500.00
54,000.00
148,162.87
298,986.66
Prepared 10/2/2002
Special Projects Fund/Summary
COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Meeting of: October 15, 2002
AGENDA SECTION: Items for Consideration ORIGINATING EXECUTIVE
NO: 2 DEPARTMENT: EDA DIRECTOR
APPROVAL
ITEM: Reinstate Patricia Jindra as Liason for BY: Robert Streetar BY:
Resident Council Meetings DATE: October 8, 2002
BACKGROUND: At the September EDA meeting, Commissioners asked that Patricia Jindra be
designated as the EDA's representative to the Resident Council Meetings to record and report to the
EDA.
RECOMMENDATION: Staff recommends that the EDA designate Patricia Jindra as the EDA's
representative to the Resident Council Meetings to record the minutes and report to the EDA.
RECOMMENDED MOTION: Move to designate Patricia Jindra as the EDA's representative to the
Resident Council Meetings to record the minutes and report to the EDA.
EDA ACTION:
h:\consent Form2002~EDA Reinstate Jindra as Liason final
COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Meeting of: October 8, 2002
AGENDA SECTION: Administrative Reports ORIGINATING EXECUTIVE
NO: 3 DEPARTMENT: EDA DIRECTOR
APPROVAL
ITEM: EDA Holiday Gathering/Dinner BY: Char Bakken BY:
DATE: October 8, 2002
BACKGROUND: It is the Holiday time of year again! Commissioners are asked to determine a
place to have the annual EDA dinner. The dinner will be on December 17~h. Please have in mind any
unique ideas you may want to share. This is always a pleasant social evening to share with
Commission members and spouses to acknowledge their community service.
A~achment
EDA ACTION:
h:\consent2002\EDA Holiday Gathering-Dinner
December 2002
Sun Mon Tue Wed Thu Fri Sat
1 2 3 4 5 6 7
Work Session P & Z Meet-
ing
Library Mtg
7p.m.
8 9 10 11 12 13 14
City Council
Meeting
15 16 17 18 19 20 21
Work Session 5:30pm EDA
/HRA Charter Com-
mission
Meeting &
Telecom
Dinner? Corn Mtg
22 23 24 25 26 27 28
City Council Christmas Christmas
Meeting Eve Day
29 30 31
New Year's
Eve
iiii~ Iii
~,.
Il lll
IIII II ,
' IIII
TO:
FROM:
DATE:
SUBJECT:
EDA Commissioners and HRA Board Members
Robert Streetar, Director
Randy Schumacher, Community Development Assistant
Mark Nagel, Housing Assistant
10 October 2002
Community Development Monthly Goals Update
This memorandum provides an update of the progress regarding the community
development goals the City established in January 2002, as well as other community
development activity.
Goals
Priority
1
2
3
4
5
6
7
8
9
10
10
Goal
Industrial Park Redevelopment
Evaluate development options for Lominaki Park
40~h and University Redevelopment
Evaluate options for Parkview Villa
Improve Housing Stock
Increase Tax Base
37~ and Central Redevelopment
39~ and Central Redevelopment
Promote Columbia Heights
40m and Jackson and Van Buren Redevelopment
(Tie) 4201 Central Redevelopment
Industrial Park Redevelopment
The Koegler/United Properties Industrial Park Redevelopment Plan is well into the
information collection stage. A Phase I Environmental Analysis will be conducted on
each one of the 55 properties in the Industrial Area. The Maxfield Research Company
is in the process of collecting data for the Housing Market Analysis that will determine
market demand for the area. The GIS database of all physical data has been forwarded
to the consultant for review. City staff has collected data from the property files,
laserfische, and microfiche for the consultant's evaluation. The first check point will be
a joint worksession with the City Council and EDA and is scheduled for November 13,
2002, beginning a 7 p.m. in Conference Room 1. These decision points will allow the
City to become knowledgeable about redevelopment issues, opportunities, and
constraints and to allow adjustments in the scope of work based on the findings in the
completed task.
40th and University
Conoco Station
The final soil analysis needed for the MPCA was completed on October 2, 2002. After
the findings are forwarded to the MPCA and the spill file has been closed, a final
1
transfer to the City will take place. Estimated time of closing is the week of November
25th, 2002.
325 Summit Street
To date, twelve interested parties have picked up bid packets for the sale of 325
Summit. All bids are due on October 16, 2002, at which time they will be opened and
forwarded to the City Council for consideration at the October 28~h meeting.
Evaluate Options for Parkview Villa and 4607 Tyler
4607 Tyler Street
Staff has negotiated a preliminary agreement for sale to Affordable Suburban Housing
Partnership. Staff will bring the proposal to the HRA meeting in November.
Disposition of Parkview Villa North
Staff will be meeting with HUD soon to discuss the disposition of Parkview Villa North
(PWN). Disposing of PWN means that the City of Columbia Heights would transfer its
responsibility for the building to another party. Other parties could include the
Metropolitan Council, the Minneapolis Public Housing Authority or a private party. In the
event of the transfer, residents would still pay the same rent and receive the same level
of service; this is because HUD sets the management standards regardless of who is
responsible.
Improve Housing Stock
Home Improvement Fair
Staff met with the "Rising to New Heights" group on October 8. This group is comprised
of City residents and City business leaders. At staff's initiation, the group indicated they
would be willing to take the lead on setting up a Columbia Heights Home Improvement
Fair. The fair brings residents, local contractors, builders, architects and lenders
together to facilitate home improvements and remodeling, which strengthens the
housing stock and promotes local business. While it is early in the planning stage, the
fair is expected to occur in early spring 2003 on a Saturday of Sunday.
Housing Programs
Seven (7) housing rehab loans totaling $77,194.36 were processed by the Center for
Energy and Environment during September 2002. The Discount Loan Program has
been extended from the end of October to the end of the year. Please find attached a
summary of the City's housing programs to date.
Three (3)loans under the Rehab Incentive Program, administered by the Greater
Metropolitan Housing Corporation, totaling $43,053 were closed in September 2002.
Through September 2002, the HRA's housing rehab programs have been averaging
about 12 loans per month, or about $115,000 per month. The programs have leveraged
about $8.50 in private dollars for each public dollar invested. This is a very good return
on our investment in the City's housing stoCk.
Another 35 Columbia Heights residents received home improvement information; help
with developing specifications for projects and assistance in reviewing contractor
proposals during the month of September 2002. An effort is underway to determine
2
how many residents requesting information eventually use the loan programs. This
would enable the HRA to better estimate how many matching dollars will be needed
each year for housing rehab programs.
Three (3) homes have been purchased to date in Columbia Heights under the MHFA
First-Time Homebuyer's Program totaling $446,313. With about 6 months to go, the
HRA is about halfway to its goal of $1 million spent in Columbia Heights under this
program.
Habitat for Humanity
The three Habitat for Humanity homes are now substantially complete, as per the
Development Agreement. The home on 3913 Polk Street NE closed on September 26
- a VERY happy family - and should be moved in by the time you read this update.
The twinhome on Quincy Street now has Purchase Agreements on both homes with
closings expected in November. Staff will be evaluating whether or not the twinhome is
substantially complete with a "walk-through" in mid-October - if OK, then staff will sign
off on the Development Agreement terms as being met.
Private Sector Interest in Sinqle Family Homes
Staff continues to receive phone calls from developers looking for single-family homes
to purchase, rehab, and sell. This month, staff acted as a "broker" for three blighted
homes- 1 on Gould Street, 1 on Cleveland Street, and 1 on 4th Street. It will be
interesting to see if these developers follow-through. If they do, then staff may work off
the list of 236 identified blighted homes to see if we can get them cleaned up. A real
positive trend in the Heights, because it will get these homes back to standard and raise
tax base at the same time. Staff will keep you posted.
Increase Tax Base
Business Revolvinq Loan Fund
The BRLF will soon have an agreement with US Bank, which is scheduled to begin
January 1, 2003. US Bank will be handling the loan processing, accounting, and
marketing of the program, which help increase visibility in the business community. Mr.
Bob Trewartha, a business professor at the Minnesota School of Business, has applied
to become the fifth and final member of the Loan Review Committee. Thanks to the
Finance Department for locating funds for this program.
37th and Central Redevelopment
Three separate issues are being addressed at the 370~ and Central Redevelopment
Area:
1) Bids for the removal of City owned single-family homes at 3718 and 3722 Central
have been obtained. Before award, the City must complete a process of qualifying
these homes, as structurally substandard for our Redevelopment Project. This
should be ready for EDA consideration in November.
2) Staff has reviewed two proposals with the owner of Puerto Vallerta for the
redevelopment of this entire site. His architect, Blumental Inc. will be presenting pro
formas in the next two weeks for staff consideration.
The potential acquisition of 3710 Central Avenue is moving ahead. Staff has met
several times with Mr. Beecroft and has negotiated acquisition details around the
3
Watson Appraisal. Staff will have a firm proposal for City Council consideration by the
end of the month.
39th and Central
Staff is puffing together materials as part of a RFQ/RFP package to send to prospective
developers interested in redeveloping this site. Staff will present this package to the
EDA at their December or January meeting for review.
Staff intends to solicit RFQ/RFP proposals from interested developers. Interested
developers will present their qualifications and redevelopment plan for the site to the
EDA in the eady spring. Once the EDA has chosen a developer, the City will grant the
developer an exclusive to develop the site.
Other Community Development Activity
Parkinq Ramps
Negotiations have begun with Columbia Park Medical Group for an extension of their
lease agreement on the parking ramp behind their clinic on 40th and Central. The good
news for city tax base is that they want a 10-year lease, which means that they want to
remain in their present location for the next decade. As for the terms of the lease
agreement, the main "sticking point" is their desire to lower their 80% share of the
maintenance costs. We hope to have an agreement to the EDA by the end of the year;
meanwhile, both sides have agreed to maintain the terms of the present agreement.
Little Voyagers Montessori School
Staff continues to work with Little Voyageurs Montessori School on their long-term
expansion plans. They have received a lease extension from St. Timothy's Lutheran
Church until the end of next year, so any immediate concerns about not having a place
are on hold. They have said that would like to be part of any redevelopment plans that
include senior housing for their intergenerational programs.
Annual PHA Plan
The PHA Annual Plan for 2003 is complete and has been advertised for the public
hearing, and awaits HRA approval on October 15th for submission to HUD; along with
revisions to the 2000, 2001, and 2002, CFP's to allow the re-roof of Parkview Villa
North.
Parkview Villa Re-roofinq Proiect
Staff completed the re-bid process for Parkview Villa North. Bids will be considered for
approval at the HRA October 15th meeting. Work will begin on or about October 28th.
This will keep the penalty for not having the funds allocated on time is about $10,000,
which will be taken out of the 2003 budget.
Kmart
Upon the Mayor's request, staff contacted Herbergers in the Apache Plaza to determine
if they would be interested in moving to the vacant Kmart. Herbergers indicated they
are unsure when they will have to move, because of the redevelopment, but would
consider that option. Herbergers indicated they would like to stay in the area. They
currently have 38,000 sq. ft. and would like 65 - 70,000 sq. ft. They vacant Kmart is
230,320 sq. ft.
4