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Item No._ Staff Report No. 9.7— 199 7 WS Meeting Date: March 17, 1997 Type of Business: Council Business WK• Work Session;PH:Public Hearing; CA:Consent Agenda;CB:Council Business City of Mounds View Staff Report To: Mayor and City Council From: Cathy Bennett,Economic Development Director Pamela Sheldon,Community Development Director Item Title/Subject: Discussion of Economic Development and Community Development Issues in Mounds View Date of Report: March 14,1997 Summary: Guidance is needed from the City Council on several issues related to economic development and community development in Mounds View. First, cities attempt to shape the future of the community by preparing plans and adopting development regulations like zoning, and by investing public dollars in capital improvement projects. For the most part, actual construction of that future is done by the private marketplace. Staff receives contacts from business people and developers on a regular basis about possible projects they want to build in the Mounds View. Each of these projects presents opportunities, questions and consequences. Sometimes they fit into existing plans and sometimes they do not fit. What happens to these opportunities has an impact on the City's future economic base, and its ability to generate revenues to pay for services desired by its citizens. 1111 • Issue: We need direction on how to deal with these opportunities, and what goals the City Council wants to set for developing the City's economic base. Second, the City's adopted Comprehensive Plan was prepared in 1979 and is 18 years old. Several efforts have been made to update it but none have been adopted. In the meantime, in 1993-1994, citizens worked on a series of task forces to develop Mounds View Focus 2000 which identified community issues, and set goals and action steps to address them. Many of them relate to development, redevelopment, neighborhood revitalization and the City's economic base. A citizen subcommittee was created which prepared the Highway 10 Redevelopment Study, and the Highway 10-Area 9 Study is underway. • Issue: We need direction on what plans should be used in our day-to-day dealings with property owners and developers as they bring projects to the City. Do these plans need to be updated? Third, the Highway 10 Corridor is in high demand at this time. The City--City Council, Commission members and Staff need to be able to respond in a consistent, timely fashion or opportunities may be lost that would benefit the community. • Issue: We are suggesting priority be given to a goal setting process for the Highway 10 • Corridor that will establish a picture of what the community wants this corridor to be, so we can take advantage of the opportunities that would further this vision.