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Item No. 6B <br />Meeting Date: May 25th, 2000 <br />Type of Business: EB <br />EB: EDC Business <br />IN: Informational Item <br />City of Mounds View Staff Report <br />To: Economic Development Commission <br />From: Aaron Parrish, Economic Development Coordinator <br />Item Title/Subject: Mermaid Hotel and Banquet Center TIF Application <br />Date of Report: May 18, 2000 <br />Background: <br />W hile we have not received an official TIF Application from the Mermaid at this point, itis anticipated <br />that one will be submitted in the near future. If an application is submitted prior to next Thursday's <br />meeting, we will attempt to evaluate it and subsequently make a recommendation to the Economic <br />Development Authority. To the extent possible, any appropriate information will be distributed prior <br />to the meeting. Feel free to contact me if you have any questions. <br />Necessary Actions: <br />Dependent on the receipt of the application, evaluate the potential for TIF assistance for the <br />Mermaid project. <br />Aaron Parrish, Economic Development Coordinator <br />(763) 717-4029 <br />N:\DA'rA\GROUPS\ECONDEV\EDC\Staff Repo11S\Staff00\05-6B.doc <br />