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EDC Business: <br />A. Remove Highway 10 Redevelopment Plan Vision and Action Steps from the Table. <br />Motion/Second: Schmidt/Malone to remove agenda item 5.a. from the table. <br />6 ayes0 nays <br />Motion Carried <br />Consideration of Highway 10 Redevelopment Plan Vision and Action Steps. <br />Motion/Second: Goff/Schmidt move to establish a subcommittee to review Highway 10 <br />Redevelopment Plan Vision and Action Steps and appoint Mountin, Welsch and Schmidt to the <br />subcommittee. <br />6 ayes0 nays <br />Motion Carried <br />C. Discussion Regarding Financial Need of Mounds View Businesses and Structure of a <br />Business Assistance Program. <br />Coordinator Bennett gave a brief overview of the results of 69 surveys from the North Metro <br />Business Retention Program with regards to need for financing. It was reported that 41 % of <br />the 69 businesses placed a high to medium priority on additional capital to assist their <br />business. <br />Commissioner Malone mentioned that initially the program should be structured to assist <br />those businesses who are already in Mounds View. It was also suggested to provide a <br />program where the dollars invested are distributed among several businesses for a better <br />return both financially and from a public relations standpoint. Commission members <br />discussed several other guidelines taking into consideration the area business needs. <br />Motion/Second: Nelson/Welsch move staff to draft a business assistance plan for review <br />at the next meeting. <br />6 ayes0 nays <br />Motion Carried <br />D. Discussion of Relationship with Business Association <br />The commission directed staff to draft a resolution for review at the next meeting in support <br />of the Businesses Association. <br />E. Discussion of Tax Increment Financing Funds for Capital Projects. <br />Coordinator Bennett explained that the attached information was the estimated and <br />budgeted tax increment funds for 94 and 95. In addition, Bennett mentioned the most <br />recent developments which were funded through the use of tax increment financing. <br />There was no action on this item. <br />6. Reports From Chair and Commissioners: <br />Commissioner Schmidt brought forward the potential need for a secretary from City staff to take <br />the minutes of the meeting because the designated secretary is unable to participate in the <br />discussion of the items before the commission. <br />2 <br />