10-24-1994 CC - Laserfiche WebLink

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• Samantha, Paul and I met with John Purves of Wolf & Associates to discuss the preliminary terms for the sale of the water tower property. John felt comfortable with the price range and requirement to provide a buffer from the manufactured home park with dense plantings. They will negotiate the specific lease agreement when they expand next spring. John was very thankful to the City for their assistance and was happy that the Council agreed to the full sale of the property. Outreach: • The Multi-Tech Systems tour was very well attended by Suburban Chamber of Commerce members and City Representatives. The tour was fascinating. I talked to several people after the tour and they were all very impressed. Most of the comments noted the overwhelming happiness of employees in a production plant setting. I spoke to Del Palacheck, Production Manager who has been with the company since its infancy, and he graciously thanked the City of Mounds View for their assistance in the expansion. I would like to get more businesses to host Suburban Chamber Meetings because it brings in business people from other areas. • I spoke to the Spring Lake Park-Blaine Rotary at the request of Pastor Stan Satre this week. I gave the group an overview of the economic development goals and action steps and also outlined the demographic makeup of the community. I was surprised that not all of the participants from the Rotary were aware of Mounds View's boundaries. One suggestion from the group was to bring in Spring Lake Park on the Highway 10 Corridor redevelopment. This may not be a bad idea and we maybe able to get a Board of Innovation Grant for this cooperative effort. I will have the EDC review this possibility. New Developments: • Dynex Industries has approached the City regarding a potential expansion of their facility. They would like some assistance and this may be a good company to apply for a State Economic Recovery Grant to start the revolving loan fund or the EDA may want to begin the fund with TIF dollars. Dynex is in the preliminary stages but would like to begin building next spring. I will be gathering information to present to the EDC regarding the structure of a revolving loan fund with the idea to have the item presented to the EDA in Jan- Feb of 1995. • I will be meeting with some brokers and other cities who have worked on hotel projects to discuss the feasibility of a hotel in Mounds View. Over the past few weeks I have received two preliminary proposals for hotel/conference center developments in Mounds View. I will keep you posted as more information becomes available. Cathy