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• <br /> CM <br /> OF REQUEST FOR COUNCIL CONSIDERATION <br /> Agenda Section: 6. <br /> 11110906 <br /> STAFF REPORT Report Number: 9h-15RRWg <br /> 7P'A �% AGENDA SESSION DATE Feb rnary 5. 1996 Report Date: 2 1 96 <br /> S <br /> og`Pfs•'Partnecsb•Q <br /> DISPOSITION <br /> Item Description: Presentation on Proposed Hotel/Conference Center in Mounds View <br /> Administrator's Review/Recommendation: / <br /> - No comments to supplement this report /2v'r <br /> - Comments attached. <br /> Explanation/Summary (attach supplement sheets as necessary.) <br /> SUMMLARY: <br /> As some of you may know Charlie Hall, owner of the Mermaid, contracted with a consulting firm <br /> for a market demand/feasibility study regarding the highest and best use of his property for a <br /> hotel/conference center. I worked closely with the company providing information regarding the <br /> area and have reviewed the findings of the study which is very thorough. <br /> Mr. Hall would like to come and talk to the Council regarding support for his project and give a <br /> presentation regarding the finding of the market demand/feasibility study. For a project of this size <br /> to be a reality it is imperative to have community support. <br /> ilk <br /> I would suggest a resolution noting that a hotel/conference facility would be an economic <br /> enhancement to the community and would provide jobs and increase to the tax base for the City. <br /> Mr. Hall would also like to know if the Council would consider the use of TIF for the project. <br /> Attached is the summary report from the study for your review prior to Mr. Hall's presentation. <br /> • <br /> Cathy Bennett, tconomic Development Coordinator <br /> 0 <br /> RECOMMENDATION; <br />