05-23-1994 EDA WS - Laserfiche WebLink

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__: _-_ .-� : -�_,r_ _ . . , � . ��.— �n�. ._` �.- � _ .__ � � ,� l�IOIJNDS VIEW ECONOMIC DEVELOPMIENT AUT�IORITY REQUEST FOR EDA CONSIDERATION STAFF REPORT �DA M�ETING DATL_ Mav 23 , 1994 EDA Action: ❑ Special Order of Business Agenda Section: 6• ❑ Public HearinSs Rcport Number: EDA– – ❑ Cuiiscnt Agc;ucla Rcpurt Da�c: 5_ _ ❑ CDA Busiucss I�cm Dcscription: Discussion of Legislation Concerning the North Metro Business Retention Development Commission Exe:cutivc Director's 12eview/Itecommendat' . - No cornments to supplenient ttiis report - COtll]11Cll[S 1L[IIC�1(:(1 L�plauation/Sunin�ary �attach supplenient ,heets :�s nea:ssaryl SUNINGiRY: With the support and persistence of Representative Geri Evans, the legislation, appropriating $35,000 to New Brighton and Mounds View for participation in the North Metro Business Retention and Development Commission, was passed and signed by the Governor as part of the omnibus tax bill last week. The legislation read as follows: „Nar•�h Mc�tru Bu.riiic,r,�• Retention cu�d Develnpment Corrrniis.rion $35,000 Tl�i.s• app��oJ��•ic�tioii i,s ndded ro thc: grant authorize�l i�i Laws 1993, Chaptc:r 369, sectio�i 2, suhdivis•iof: S, for• tl�e Nor7/� Men•o Bu.srnc�,s.ti• Reten�ion a�ir! Developnu:j�l Cornrriissio�r, nf�d is for the purpose of iftcluding the cities of New Bri,�l�tan cr�rr/ Moun�/s Vieiv rn �hepilot prnject. The grant is nvailable only ojt a r/erno�lstration of a dollar for-dollar cn,sl� rnntch fi�n��i thc c�onu�ii,ssion. „ it is my understanding that the $35,000 would be zvenly split between New Brighton and Mounds View ($17,500) as a matching ��rant. Since the Council and EDA have approved the Corrununity Partners Pro�;ram for $12,500 the City of Mouncls View has alreacly designated most of the matching funds alre�tdyl. I will diseuss the details of the allocation at Monday evening's wc�rk session . � � -�'� ` ✓�-"`� ---- Cathy Be ett, Ecc)�iomic Development Coordinator � R�CO��I�IEND,�TION: