Refer back to LH May 26, 2026 at 9 am for review of settlement statement and
discussion of preliminary engineering plans.
Hai Truong, owner o/b/o Coaster Dreams Properties LLC, appeared
Adam Hagedorn, attorney for Truong, appeared
Robert Polski, attorney o/b/o Cuong Pham, appeared
Cuong Pham, purchaser/Khue’s Kitchen, appeared
Blaine Kirchert, contractor and future owner, appeared
Moermond: I’m a little concerned because I didn’t get any materials at all from anyone.
Kirchert: we’ve had tremendous trouble. It was difficult accessing the building. We’re
still working on getting that together. I’m here to ask for some grace and timing. I have
a long history with the City, I was one of the developers that help put in Phalen
Boulevard and Phalen Crossing. We’re restoring 261 West Seventh with the Phams as
well. No one really knew what was going on until we finally reached some resolution. It
is already horrific what happened, but I’d like to turn it into something good. More time
to evaluate the asset rather than tearing it down. I know you’ve already been patient
with the situation.
Moermond: I don’t understand the difficulty accessing the building that the door can’t
be opened.
Kirchert: there was lack in communication between both our parties obviously after the
situation happened, with some natural tensions.
Moermond: what situation?
Kirchert: some disagreements between the fire and the present seller and buyer. It left
communication broken down and handled between attorneys.
Moermond: so the inability of you guys who have the vested interest in getting it
rehabbed didn’t actually get you talking to each other?
Polski: we have.
Moermond: this needs to be taken care of and I’m not eager to let this draw out while
conversation continues maybe. Even access to the building? That’s insane to me.
Kirchert: I understand. I don’t think it is what either seller or buyer wanted. I’m just
being transparent of how this transpired. As you know with disagreements it takes a
while for everyone to calm down. We’ve now found a resolution. I’m not just a
contractor, I’ll be one of the owners of the building.
Polski: a lot of things have transpired since our last meeting. The parties entered into
mediation with a judge. It took about 7 hours to come to an agreement. Going forward
my clients are going to take over ownership, and their idea is to turn it into a restaurant
with the help of Mr. Kirchert, as opposed to tearing it down. My client has paid for the
engineering plans; they aren’t ready yet and part of the trouble was the parties didn’t
have an agreement at the time as to who will own in. Now we do. Mr. Kirchert is going
to step in and help get this off the ground. The parties hadn’t agreed on how to proceed
forward, and it is in writing and we have 30 days to complete transfer of the property to
my client among other items. We’re almost there. Once we get that transfer done the
engineering plans will be put together and put pressure on the company to get it done.
We want it to be a restaurant not a parking lot.
Moermond: you keep talking about parking lot and I would say the other option we