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k °s <br /> s., + Item No: 5C <br /> (�� <br /> Meeting Date: Dec. 21, 2012 <br /> MOUNDS VIEW Type of Business: EDC <br /> Administrator Review: <br /> City of Mounds View Staff Report <br /> To: Economic Development Commission <br /> From: Heidi Steinmetz, Economic Development Specialist <br /> Item Title/Subject: Discuss EDC's April 2012, Unobligated Tax Increment <br /> Financing Priority List <br /> Background <br /> At their April 20, 2012, meeting, the EDC created the following priority list for using the <br /> EDA's unobligated Tax Increment Financing (TIF): <br /> 1) Business Retention <br /> a. Mustang Drive & Mustang Circle <br /> b. Infrastructure for Businesses <br /> c. Silver View Plaza <br /> 2) Promote New Business <br /> a. Property Acquisition & Demolition <br /> 3) Vacant Housing <br /> 4) Complete County Road 10 Trail Way Segments <br /> Discussion <br /> At the November 5, 2012, City Council Work Session, the Council asked the EDC to review <br /> the above priority list and provide the Council with specific County Road 10 project ideas <br /> that could be accomplished using the EDA's unobligated TIF of approximately $900.000. <br /> Recommendation <br /> Staff recommends that the EDC provide the Council with prioritized County Road 10 <br /> project ideas within a $900,000 budget. <br /> Respectfully submitted, <br /> / Z/J, 1- <br /> Heidi Steinmetz, Economic Development Specialist <br />