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Draft EDC Minutes April 20,2012 Page 2 of 3 • Commissioner Helgemoe mentioned that the Johnson property/former trailer hitch location should remain on the EDC's list of properties to be redeveloped. He emphasized that business retention should be the EDC and FDA's number one priority. Commissioner Belting said that his top priority would be to use the unobligated TIF funds towards business development. He added that he'd also support improving the City's vacant housing scenario. Commissioner Meehlhause mentioned that the County Road 10 trail way system should be completed. Chair Johnson agreed that unobligated TIF should be used towards completing p 9 9 the trail way system before using it on the residential Street Project. Ms. Steinmetz suggested the idea of using unobligated TIF toward the reconstruction of Mustang Drive and Mustang Circle in the industrial park that is located behind the Skyline Motel. Commissioner Meehlhause concluded that the only way to lessen the property tax burden on residents is to recruit more businesses into Mounds View, so he feels that the unobligated TIF should go towards Economic Development. After much discussion,the EDC summarized their priority list as follows for using the EDA's unobligated TIF: 1) Business Retention a. Mustang Drive & Mustang Circle • b. Infrastructure for Businesses c. Silver View Plaza 2) Promote New Business a. Property Acquisition & Demolition 3) Vacant Housing 4) Complete County Road 10 Trail Way Segments Commissioners Belting and Helgemoe stated their support for using a portion of unobligated TIF towards the reconstruction of Mustang Drive and Mustang Circle due to the EDC's business retention priority. 6. REPORTS OF COMMISSIONERS Commissioner Meehlhause reported that a construction management company is planning to purchase the Thrifty Car Rental building. Commissioner Paron mentioned that Linders is now open. Chair Johnson added that there is a fundraising event for several Irondale booster clubs at New Brighton Saxon Ford on Saturday, May 19th. If potential customers test drive a vehicle and complete a survey, $20 is donated to the Irondale booster club of the customer's choice. • Chair Johnson also asked about recent copper thefts at vacant Mounds View commercial properties. Ms. Steinmetz confirmed several reports.