Laserfiche WebLink
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 dra*lvers without hearing a loud <br />screeching noise. <br />Cathy <br />