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08-08-1994 CC
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08-08-1994 CC
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MV City Council
City Council Document Type
City Council Packets
Date
8/8/1994
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Economic Development <br /> Proposal from Everest Development: <br /> Samantha, Tim, Jerry, Phylis and I met with Everest Development and Casserly to <br /> discuss a proposed TIF project in Mounds View Business Park. We did not receive <br /> any significant information with regards to the "mystery company" except that <br /> they are a high tech company who have been in business for approximately 14 <br /> years and employ 250 people. Everest indicated that the company is requesting <br /> proposals from several other Cities in the North Metro area. Everest would like to <br /> submit a proposal to the company using the TIF guidelines presented by Casserly. <br /> This is not a confirmation that the EDA would stand behind the proposal and we <br /> certainly would not seriously consider it until the company is disclosed and the <br /> EDA is comfortable with the nature and security of their business. I will be <br /> preparing a general letter to be submitted with Everest's proposal to the "mystery <br /> company". <br /> In addition, the City made it quite clear that no TIF assistance would be approved <br /> for a spec building. The City of Mounds View's EDA desires an owner occupied <br /> building and may consider a long-term lease if the company meets the EDA's <br /> standards. I am sending a letter to Everest and Casserly reiterating the EDA's <br /> qualifications for TIF assistance. <br /> Food for thought: My affiliation at the San Diego Economic Development <br /> Corporation was more along the lines of the developer. All of our clients were <br /> confidential -- it was an unwritten rule. 'But anytime we needed the assistance of a <br /> City, we disclosed the name of the company to key individuals at that City. This <br /> did not make the company name public but instilled a sense of trust and team <br /> building between the two entities. In addition, in all cases where we worked with <br /> Cities, the assistance was. minimal (permit streamlining, site assistance) compared <br /> to Everest's development proposal of $808,000. <br /> Outreach <br /> Samantha and I had a very enlightening lunch with Phil Seipp of SYSCO this week. <br /> He indicated that SYSCO is happy in their location and have ample room for <br /> projected expansion. Mr. Seipp-is excited about his participation on the EDC and <br /> was impressed with the knowledge and enthusiasm of the other participants. <br /> • It's great to have new furniture, except now I can't make any excuses for not <br /> being able to find things. I really like opening my dralkers without hearing a loud <br /> screeching noise. <br /> Cathy <br />
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