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City Council Work Session <br />Item 4 – TIF Assistance Agreement <br />April 6, 2009 <br />Page 2 of 2 <br /> <br /> <br />Recommendation <br /> <br />Staff recommends that the City Council have a policy discussion at the Work Session and <br />consider the precedence that amending the EDA’s Development Assistance Agreement <br />with MoundsVista, Inc. would set for future EDA/Council policy-making decisions. For <br />instance, would the EDA be willing to amend development assistance agreements with <br />other Mounds View businesses? SYSCO may be approaching the EDA in coming weeks <br />requesting an amendment to their development agreement with the EDA. <br /> <br />Next Steps <br /> <br />At the April 13, 2009 EDA meeting, the EDA will consider MoundsVista’s request to <br />amend the Development Assistance Agreement. If the EDA authorizes the amendment, <br />the City Council will consider The Mermaid’s 2nd Addition Final Plat at the April 13, 2009 <br />City Council meeting. <br /> <br />Respectfully submitted, <br /> <br /> ____________________________ <br />Heidi Steinmetz, <br />Economic Development Specialist