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y +, <br /> 41, ECONOMIC DEVELOPMENT COMMISSION <br /> 1994 WORK PLAN <br /> Mission Statement: <br /> The Economic Development Commission shall serve as an, advisory body to the Economic <br /> Development Authority to promote a positive economicclimate, which retains and expands <br /> existing businesses, attracts desirable new businesses, and revitalizes the community. <br /> Action Steps: <br /> 1. Begin Updating Mounds View 1986 Economic Development Plan. <br /> 2. Begin to-aevelop a long range strategic plan for the,redevelopment of Highway 10. <br /> • Complete an inventory of properties on Highway 10 to include the <br /> following: <br /> 3 zoningstatus - proposed:change <br /> + current use- future use <br /> 4 activity and property condition <br /> 4110 •' Evaluate long and short term uses and recommend changes <br /> • Research and recommend financing mechanism for redevelopment <br /> 3. Develop a list of targeted industries for-future economic development programs. <br /> 4. Research Innovative Programs.of Other Metro Area.Cities-as-it relates to-development, <br /> redevelopment and housing rehabiiitation. <br /> 5. Monitor responses and findings of the North Metro Business Retention and <br /> Development.Commission Program. <br /> 6. Begin evaluating Development Design Standards for new development and <br /> redevelopment in the City. <br /> 7. Initiate the adoption of a Tax Increment Financing Policy to include Fundability <br /> Guidelines. <br /> 8. Actively,Participate in retention calls to local businesses. <br /> 9. Communicate on a regular basis with the public on the Economic Development <br /> Commission activities, encouraging written or verbal comment, through the City <br /> ipNewsletter; cable and other interactive avenues. <br />