HomeMy WebLinkAbout4.2a 7470 East Point Douglas LOI Memo
TO: Economic Development Authority
FROM: Jennifer Levitt, City Administrator
DATE: February 4, 2022
RE: Letter of Intent with Hang LLC
Background/Discussion
The property at 7470 East Point Douglas Road, which is located at the corner of Hefner Avenue
and East Point Douglas Road, is currently owned by the EDA and is vacant. The previous uses
at the site included a gas station and most recently the Village Transmission Shop, which closed
the fall of 2018. In 2019, the EDA purchased the land to prepare it for redevelopment and the
building was demolished that same year.
The City of Cottage Grove received a Letter of Intent (LOI) from HANG LLC dated February 4,
2022, for the purchase of the vacant parcel located 7470 East Point Douglas Road. The vacant
parcel is approximately 0.54 acres and the LOI includes a purchase price of $188,179.20. The
property is zoned B-2 Retail Zoning District is to encourage retail sales and services by grouping
businesses that minimize the influence on surrounding residential neighborhoods.
Economic Development Authority
February 4, 2022
Page 2 of 2
The site would be the future home of Thai Garden. They are a small, family owned business
and currently have a location in St. Paul, MN.
Information from their website about the business includes:
Many of our finest ingredients are specially imported from Thailand, and make each of our dishes
authentic and delicious. We are thankful and proud to use many of our 50 year old family recipes that
originated in Chiang Mai, Thailand.
A few things that make Thai Garden special:
• freshly sourced and cut veggies every day
• NO use of msg
• spices ground in house for more intense flavor profile
• house-made and family inspired 12 flavors Brown Sauce
• NEW vegan and gluten free 12 flavors Brown Sauce
• 10 flavors Pad Thai Sauce
If you are seriously looking for the freshest Thai cuisine in the Twin Cities, we invite you to stop by and
discover our passion for amazing food!
The building shown in the site plan is 3,050 square feet and shows indoor seating for
approximately 100 people and outdoor seating for approximately 40 people.
Recommendation
Authorize the EDA President and City Administrator to execute the Letter of Intent with HANG
LLC for the purchase of approximately 0.54 acres located 7470 East Point Douglas Road at $8.00
per square foot.
Attachments
Letter of Intent from HANG LLC
7470 East Point Douglas Road Site Plan
7470 East Point Douglas Road Floor Plan
7470 East Point Douglas Road A1 Elevations
7470 East Point Douglas Road A2 Elevations