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ECONOMIC DEVELOPMENT COMMISSION <br /> 2001 WORK PLAN <br /> Mission Statement: <br /> The Economic Development Commission shall serve as an advisory body to the Economic Development <br /> Authority to promote a positive economic climate and revitalize the community by developing programs to retain <br /> and expand existing businesses, attract desirable new businesses, and redevelop target areas in the City. <br /> Action Steps: <br /> 1. Review and make recommendations to the EDA on programs and opportunities to enhance business <br /> development and retention. <br /> 2. Recognize Highway 10 redevelopment as an important element in the positive economic vitality of Mounds <br /> View; Assist in communicating with businesses regarding the forthcoming County Highway 10 Plan. <br /> 3. Evaluate the effectiveness of the Business Improvement Partnership Loan Program and make <br /> recommendations for revisions to the Program to meet the needs of the business community. <br /> 4. Evaluate staff research on innovative programs of other metro area cities as it relates to development, <br /> redevelopment and housing rehabilitation. <br /> 5. The Economic Development Commission will work cooperatively to coordinate the goals of the respective <br /> commissions. <br /> 6. Annually monitor and provide input on the Mounds View Housing Replacement Program and other housing <br /> initiatives. Evaluate the effectiveness of housing program as a tool in providing the community with <br /> affordable and life cycle housing and generating positive long-term economic growth. Ensure that any <br /> housing program using TIF meets the requirements under the Mounds View's Tax Increment Plan. <br /> 7. Advocate continued staff involvement in the New Brighton/Mounds View Area Chamber of Commerce to <br /> provide a framework for the evaluation of business concern and to help support a positive business climate. <br /> Encourage the participation of the business community in Chamber activities. <br /> 8. Participate with staff in at least one business retention visit per quarter. <br /> 9. Because the work of the I-35W Corridor Coalition could have a positive economic impact on the <br /> development and redevelopment of the City of Mounds View, the EDC would advocate for staff to provide an <br /> annual report on the status of the Coalition and provide input on the Coalition strategies as needed. <br /> 10. Communicate on a regular basis with the public on the Economic Development Commission activities, <br /> encouraging written or verbal comment, through the City Newsletter, cable and other interactive avenues. <br /> 11. In conjunction with the County Highway 10 planning process, update the City's "Economic Development <br /> Plan." <br /> 12. Assess the use of the franchise fee in Mounds View particularly as it relates to businesses. <br /> 13. Be aware of intergovernmental affairs, particularly at the state level, regarding issues effecting local <br /> economic development. <br /> \\Ntserver\CityHall\DATA\GROUPS\ECONDEV\EDC\Commission Information\Workplan 2001.doc <br />