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� <br />UNDS VIEW ECONOMIC <br />c <br />DEVELOPMENT AU7'HORITY <br />REQUEST FOR EDA CONSIDERATION <br />� STAFF REPORT <br />EDA Iv1EETING DATE May 23, 1994 <br />EllA Action: <br />❑ Specia! Order of Busin.ess Agenda Section: �'D <br />❑ Public Heariags Report Number: EDA-94-10 <br />❑ Cunsent Agencla Repurt Da�e:5-19-94 <br />� CDA Busiucss <br />Itcnt DescriP�����1� Consideration of Resolution No: 94—EDA6 Approving and Authorizing the <br />Execution of a Certain Agreement with the Everest Group Ltd <br />Executive Director's Review/Recoma�endation: <br />- No comments ro supplement tliis report �� <br />- Cumn�euts attachc;cl <br />LXPI.illlllioitjsu[Ilmary �;utach supplcmcnt sheets :�s nea;ssary) <br />SUI�INWRY: <br />At the last EDA work session on May 9, 1994, a pro�osed develo�ment agreement was discussed regarding <br />guidelines for further TIF assistance for Mounds View Business Park. <br />The attached agreement has been modified to contain conformity with the City Municipal Code of Ordinances. This <br />language would address the park dedication fees for future projects. The agreement also states that future projects <br />"shall be an owner-occupied facility for a company or other user acceptable to the Board". <br />The attached agreement would not constitute a commitment by either party but serve as a guideline regarding the <br />circumstances in which tax increment assistance my be appropriate to assist in the development of the remaining <br />sites in Mounds View Business Park. In essence, it would serve as a marketing tool to attract appropriate users <br />to the husiness park. <br />i� <br />C <br />Cathy BenneS�Ecc�nomic Development Coordinator <br />CO�IbIE�IDATI0�1: <br />Staff is recommending that the EDA adopt Resolution EDA6 approving and authorizinga certain agreement hetween <br />the EDA and Everest Group, Ltd. <br />