08-15-2008 - Laserfiche WebLink

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• • Visible evidence of new commercial activity, storefront improvements, remodeling, and other indications of local economic health • The City's ongoing efforts to enhance the appearance of, and to better coordinate planning for the further development of,the County Road 10 corridor and the city at large • Local business owners who are interested in expanding their operations and improving the appearance of their properties • Mounds View places a high priority on maintaining and strengthening the City's bond rating, which is a significant factor that supports the overall economic and financial status of a city. The City's current bond rating is"A l"according to Moody's Investor's Service,a prominent national rating agency. This bond rating is a direct result of the 2007 addition of Medtronic's CRDM campus and the City's long-range financial planning. Bond rating agencies have indicated that a diversified tax base is important to the economic strength of a city,therefore, the City needs to continue to strengthen and sustain its tax base. • The potential availability of City assistance for appropriate development or redevelopment projects such as Tax Increment Financing(TIF),Tax Rebate Financing(TRF),the Business Improvement Partnership Loan Program and the Housing Replacement Program. The City will continue to provide these types of assistance in a manner consistent with the City's written policies about such assistance. Mounds View will generally limit the use of these to • situations in which their use will enable the City to attract a new business,retain or expand an existing business,provide new employment opportunities,enhance the City's tax base,or otherwise improve the appearance or vitality of the local business economy. The City will continually monitor and periodically evaluate its programs and policies about development and redevelopment assistance to make certain they are helping the City meet its economic development goals,priorities and objectives. • Parcels of land that are suitable for development or redevelopment • An active local Chamber of Commerce and Convention &Visitors Bureau OTwin Cities North �/at eiyithici• CHAMBER OF COMMERCE • A coordinated approach to local planning and development issues,as evidenced by the ongoing work of the I-35W Corridor Coalition • A plentiful supply of life-cycle housing to accommodate a wide range of incomes • Easy access to mass transit for workers who need or prefer to use such methods of • transportation