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2008 Mounds View Comprehensive Plan <br />______________________________________________________________________________ <br /> <br />Chapter 7: Economic Development 7-5 <br /> <br />In situations where owners of underutilized parcels (especially residential homeowners and owners <br />of old or obsolete commercial structures) are unwilling to sell, (thereby delaying or <br />preventing the development of those properties to their highest and best use), the City will: <br /> <br />• Arrange meetings with property owners. <br />• Provide current information about the potential market value of their properties. <br />• Develop or refine City relocation policies. <br /> <br />• In order to strengthen Mounds View’s identity, the City will: <br /> <br />• Implement and consistently use an approved marketing and communications plan. <br />• Continue work on the development and improvement of County Highway 10. <br />• Improve its visibility within the local and regional business communities. <br />• Handle business-related inquiries promptly and professionally. <br /> <br />• The City will encourage new construction to meet the needs for attractive office space and rental <br />warehouse/office space. <br /> <br />• The City shall investigate and use more cost-effective and/or more carefully targeted <br />recruitment/marketing techniques to bring businesses and development to Mounds View. <br /> <br />• Because funds are limited for the financing of business incubator programs and for enterprise <br />facilitation projects or other initiatives that help new businesses get started locally, the City will: <br /> <br />• Pursue grants to fund such programs. <br />• Establish collaborations with other governmental entities and non-profit organizations. <br />• Serve as a clearinghouse for information about assistance (financial and otherwise) that <br />may be available from sources other than the City. <br /> <br />• City staff shall make suggestions about alternative, new or improved methods of providing <br />advice, assistance or encouragement to those wanting to do development or redevelopment <br />projects in Mounds View. <br /> <br />• Due to the high cost of redeveloping property vs. developing property, the City will participate <br />in seeking creative solutions to the financing challenges inherent in redevelopment projects.