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Minutes of the Economic Development Commission <br /> City of Mounds View <br /> Ramsey County, Minnesota <br /> Regular Meeting <br /> February 23, 1995 N??V\ <br /> ;\11 Lic13 <br /> City Hall <br /> 2401 Highway 10, Mounds View, MN 55112 <br /> 1. Call to Order: <br /> The meeting was called to order at 6:03 p.m. by Chairperson, Phil Seipp. <br /> 2. Roll Call: <br /> Members present were as follows: Rosemary Goff, Mark Malone, Dan Nelson, Ron Schmidt, Delane <br /> Welsch and Phil Seipp. In addition, EDA Liaison Sue Hankner and Economic Development Coordinator <br /> Cathy Bennett were present. Member Peg Mountin is on leave of absence. <br /> 3. Approval Of Minutes: <br /> There were no minutes for approval. <br /> 4. Special Business <br /> SA. Presentation Regarding Proposed Improvements to Moundsview Square <br /> Richard Janke, Leasing Agent for Moundsview Square gave an overview of the retail shopping <br /> center located on Highway 10. Mr. Janke mentioned that the nature of shopping centers has <br /> changed due to the big box centers whereby the center is supported by large stores such as <br /> Cub, Target or Menards. Also, he mentioned that it is very unlikely that Moundsview Square <br /> will attract a grocery store or hardware store. In any case they are currently working with a <br /> Mattress Store, Furniture Store and Copy Center. <br /> Mr. Janke gave an overview of improvements that they would like to make to the center such <br /> as a new pylon sign, tenant improvements to eliminate the common area, parking lot lighting <br /> and illuminated entrance signs. Mr. Janke mentioned that other Cities have contributed Tax <br /> Increment Financing for these improvements and would like Mounds View to consider this as <br /> well. <br /> Staff will work with Paster Enterprises on a plan to present to the EDC. <br /> 5. EDC Business: <br /> A. Discuss Promotion of the Value of EDA\EDC. <br /> Coordinator Bennett mentioned that there has been some concern in the community regarding <br /> the increased economic development activities. Most of the concerns stem from the notion <br /> that property tax dollars are being used for these activities. The EDC discussed options to <br /> • educate the public on the economic development programs and explain that all these activities <br /> are funded solely from development revenues generated from the use of Tax Increment <br /> Financing. <br /> 1 <br />