08-29-1994 CC - Laserfiche WebLink

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Economic Development MNDOT Changes Mounds View Sign • I'm sure you are all aware of the "changing of the sign". We received great coverage from Channel 4, St. Paul Pioneer Press, The Bulletin and The Focus. Several people mentioned something to me at meetings that week. The word is out! Also, I received a call from a resident who lives on Mounds View Drive. She read the article in the St. Paul Pioneer Press and wondered if Mounds View Drive should be spelled with two words rather than one as it states on the street signs. After her call the signs were changed to two words. Silver Lake Point Apartments • I spoke with Jim O'Meara upon his return from vacation regarding MSP's request to change the drop dead date. He found no problem with this and felt comfortable that this is a request from the lender rather than a effort to delay the project. It is in MSP's interest to finish the project as soon as possible to be able to begin collecting the tax increment. Jim has prepared a one page amendment to the development agreement noting the change from December 31, 1995 to June 30, 1996. (attached) He did not change the dates of the EDA note to allow the following. Project Complete December 31, 1995 Property on Tax Rolls 1996 Payment of Tax Increment 1997 or Project Complete 1996 Property of Tax Rolls 1997 No Tax Increment Collected 1997 Payment of Tax Increment 1998 Marketing • The Mounds View Community Profile went to print last week. I should see a proof this week and the final product to be delivered the first week of September. Outreach • I attended the League of Minnesota Cities Economic Development and Workers' Compensation Policy Committee meetings all day on 8/9. There will be two more Economic Development meetings and one more Workers' Compensation meeting. The main focus for the Economic Development Committee is tax increment financing, tax abatement and other financing assistant tools for the