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EDC Minutes <br />January 17, 2003 <br />Page 3 <br /> <br />Sun-Focus re Loads of Clothes, the new Laundromat in Silver View Plaza slated to open in <br />February. This week I had a good discussion with a representative of Paster Enterprises re <br />the former Hardees Restaurant location. I now have a better understanding of the issues <br />there. First, 12 years ago Hardees signed a 20 year lease, so therefore they have 8 years <br />left. Second, that agreement is only a ground lease. That is, Hardees owns the 3,900 sq. ft. <br />bldg. and Paster owns the land. Third, Paster has been working with a variety of restaurant <br />chains, but the mixed ownership does present a challenge (eg. Hardees doesn’t want to be <br />in the property management business). Distribute the document of the 15 largest employers <br />in Mounds View. <br /> <br />5. Metro North CVB Annual Meeting: On January 23rd Backman will be attending the CVB’s <br />Annual Meeting at the Earle Brown Center in Brooklyn Center. Board members will be <br />elected and new officers will be selected. <br /> <br />6. 2003 Public Finance Seminar (Ehlers): On February 6 & 7 Backman will be attending the <br />annual TIF seminar that is put on by Ehlers. It will also be held at the Earle Brown Center in <br />Brooklyn Center. <br /> <br /> <br /> <br />6. EDC BUSINESS <br /> <br />A. Review of Mounds View’s Tax Abatement Policy. <br /> <br />B. Upcoming Review of the City’s Business Subsidy Policy. <br /> <br />C. Other: <br /> <br /> <br />8. ADJOURNMENT <br /> <br />There being no further business before the Commission, Johnson moved, Fox seconded and Chair <br />Belting adjourned the January 17th meeting of the Economic Development Commission at 9:05 a.m. <br /> <br /> <br /> Respectfully submitted, <br /> <br /> <br /> <br /> <br />Aaron A. Backman <br />Economic Development Coordinator <br /> <br /> <br /> <br /> <br /> <br />\\Ntserver\CityHall\DATA\GROUPS\ECONDEV\EDC\Minutes\Min03\1-17-03.doc <br />