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ECONOMIC DEVELOPMENT COMMISSION <br />1998 WORK PLAN <br />Mission Statement: <br />The Economic Development Commission shall serve as an advisory body to the Economic <br />Development Authority to promote a positive economic climate and revitalize the <br />community by developing programs to retain and expand existing businesses, attract <br />desirable new businesses, and redevelop target areas in the City. <br />Action Steps: <br />■ Review and make recommendations to the EDA on programs and opportunities to <br />enhance business development and retention. <br />■ Advocate for an approved Redevelopment Plan for the Highway 10 Corridor and <br />provide comment to the Planning Commission in their analysis of the revision of the <br />Mounds View Comprehensive Plan as it relates to the Highway 10 Corridor. Revise <br />Mounds View's Economic Development Plan from 1986 and incorporate the plan as part <br />of the Updated Comprehensive Plan. <br />■ Evaluate the effectiveness of the Business Improvement Partnership Loan Program and <br />make recommendations for revisions to the Program to meet the needs of the business <br />community. <br />■ Review and make recommendations to the EDA on applications for the Mounds View <br />Business Improvement Partnership Program. <br />■ Evaluate staff research on innovative programs of other metro area cities as it relates <br />to development, redevelopment and housing rehabilitation. <br />■ Actively participate in the development of a design theme for Mounds View and work <br />cooperatively with the Planning Commission in implementing design standards as a <br />result of the design theme process for new development and redevelopment in the <br />City. <br />■ Annually monitor and provide input on the Mounds View Housing Replacement Program <br />and other housing initiatives. Evaluate the effectiveness of housing program as a tool <br />in providing the community with affordable and life cycle housing and generating <br />positive tong term economic growth. Ensure that any housing program using TIF meets <br />the requirements under the Mounds View's Tax Increment Plan. <br />■ Advocate continued staff involvement in the New Brighton/Mounds View Area Chamber <br />of Commerce to provide a framework for the evaluation of business concern and to <br />N:\DATA\GROUPS\ECONDEV\EDC\W RKPLAN.EDC <br />