Agenda Packets - 2013/03/25 - Laserfiche WebLink

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Economic Development Activity The Economic Development Authority (EDA) only met eight times in 2012, a reflection of the limited amount of economic development activity occurring within the community. Only seven resolutions were considered by the EDA. While some meetings were held just to deal with regular and administrative activities, a few notable discussions were held and actions considered. Jan 9: Approved demolition assistance for 8379 Red Oak Dr. (The owner has yet to accept the assistance.) Feb 23: Received an update from a representative of the St. Paul Area of Realtors on the housing market in Mounds View. Mar 12: Approving Application to Ramsey County for a Community Development Block Grant (CDBG) to fund the acquisition, demolition and replacement of two single-family blighted vacant/foreclosed homes. (City awarded funding for ONE house.) Mar 26: Reviewed the EDC's 2012 priorities, discussed the EDC's County Road 10 Corridor beautification recommendations, and reviewed housing programs in neighboring cities. May 29: Approved purchase of banners to be installed on County Road 10 light poles. Aug 27: Approved a Limited Use Agreement with Coventry Senior Living to use the City's property as a staging area during their construction. Oct 8: Approved modification to TIF Plan to create a new list of eligible properties that could be acquired using TIF funds. (See attached map.) The Economic Development Commission (EDC) is an advisory body to the EDA comprised of seven individuals—four residents and three business representatives with ties to the community. Economic Development Specialist Heidi Steinmetz is the staff liaison to the EDC. The EDC met six times in 2012 while six other meetings were canceled either due to a lack of quorum or a lack of actionable subject matter. For the months the EDC does not meet, ED Specialist Steinmetz sends the Commissioners an update of activities to ensure members remain "in the loop" and fully apprised on Council, EDC and other relevant City activities. This last year the Commission worked on its annual priorities and in addition prepared specific recommendations for the beautification of the County Road 10 Corridor. The EDC also worked on the following issues and provided recommendations to the EDA: • Revised the EDC's list of businesses targeted for recruitment • Reviewed the status of the City's Tax Increment Finance (TIF) districts • Discussed creation of a plan for the EDA's unobligated TIF balance • Reviewed 2002 and 2006 plans regarding County Road 10 • Attended tour of new business Zero Gravity Page 5