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ECONOMIC DEVELOPMENT COMMISSION 2001 WORK PLAN • Mission Statement: The Economic Development Commission shall serve as an advisory body to the Economic Development Authority to promote a positive economic climate and revitalize the community by developing programs to retain and expand existing businesses, attract desirable new businesses, and redevelop target areas in the City. Action Steps: 1. Review and make recommendations to the EDA on programs and opportunities to enhance business development and retention. 2. Recognize Highway 10 redevelopment as an important element in the positive economic vitality of Mounds View;Assist in communicating with businesses regarding the forthcoming County Highway 10 Plan. 3. Evaluate the effectiveness of the Business Improvement Partnership Loan Program and make recommendations for revisions to the Program to meet the needs of the business community. 4. Evaluate staff research on innovative programs of other metro area cities as it relates to development, redevelopment and housing rehabilitation. 5. The Economic Development Commission will work cooperatively to coordinate the goals of the respective commissions. 6. Annually monitor and provide input on the Mounds View Housing Replacement Program and other housing initiatives. Evaluate the effectiveness of housing program as a tool in providing the community with affordable 4110 and life cycle housing and generating positive long-term economic growth. Ensure that any housing program using TIF meets the requirements under the Mounds View's Tax Increment Plan. 7. Advocate continued staff involvement in the New Brighton/Mounds View Area Chamber of Commerce to provide a framework for the evaluation of business concern and to help support a positive business climate. Encourage the participation of the business community in Chamber activities. 8. Participate with staff in at least one business retention visit per quarter. 9. Because the work of the I-35W Corridor Coalition could have a positive economic impact on the development and redevelopment of the City of Mounds View, the EDC would advocate for staff to provide an annual report on the status of the Coalition and provide input on the Coalition strategies as needed. 10. Communicate on a regular basis with the public on the Economic Development Commission activities, encouraging written or verbal comment,through the City Newsletter, cable and other interactive avenues. 11. In conjunction with the County Highway 10 planning process, update the City's"Economic Development Plan." 12. Assess the use of the franchise fee in Mounds View particularly as it relates to businesses. 13. Be aware of intergovernmental affairs, particularly at the state level, regarding issues effecting local economic development. 4111 N:\DATA\GROUPS\ECONDEV\EDC\Commission Information\Workplan 2001.doc