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ECONOMIC DEVELOPMENT COMMISSION 1996 WORK PLAN Mission Statement: The Economic Development Commission shall serve as an advisory body to the Economic Development Authority to promote a positive economic climate and revitalize the community by developing programs to retain and expand existing businesses, attract desirable new businesses, and redevelop target areas in the City. Action Steps: ■ Complete the process of making Mounds View a Star City ■ Review and make recommendations to the EDA on programs and opportunities to enhance business development. ■ Advocate for an approved Highway 10 Redevelopment Plan as an important element in the positive economic vitality of Mounds View and provide input on the development of the redevelopment plan. ■ Monitor the development of a Housing Program for Mounds View recognizing the link between affordable and life cycle housing and positive economic growth. In addition, review the use of tax increment financing funds for a Housing Program ensuring that the program meets the requirements of Mounds View's Tax Increment Plan. ■ Research innovative programs of other metro area cities as it relates to development, redevelopment and housing rehabilitation. ■ Work cooperatively with the Planning Commission in evaluating design standards for new development and redevelopment in the City. • Develop and make recommendations to the Economic Development Authority for a Tax Increment Financing Policy to include fundability guidelines. • Actively participate in retention calls to local businesses. • Explore opportunities for improvement of the public transit system along Highway 10. • Communicate on a regular basis with the public on the Economic Development Commission activities, encouraging written or verbal comment, through the City Newsletter, cable and other interactive avenues. N:\DATA\GROUPS\ECONDEV\EDC\W RKPLAN. EDC