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10/24/05 <br /> • <br /> ECONOMIC DEVELOPMENT AUTHORITY <br /> Revised 2005 TIF PROJECT LIST / POTENTIAL TIF EXPENDITURES BY PROJECT <br /> At the 10/21/05 EDC meeting the members of the Mounds View EDC reviewed the 9/21/05 <br /> Potential TIF project list. The commissioners have reprioritized the economic development <br /> and housing development project. They ranked higher the redevelopment of the Premium <br /> Stop site and the Housing Improvement Program. They did not change the infrastructure <br /> priorities (e.g. trails, roads, etc.). <br /> Potential Economic Development Projects <br /> Project Status $ Expenditure <br /> 1. Skyline Motel Acquisition/ Site discussed w/ 3 businesses $ .6 M?? Acq./Clear. <br /> Redevelopment & 1 developer <br /> 2. PAK Bldg. Redevelopment Owners seeking PC variance $ .4 M?? Acq./Clear. <br /> 3. Premium Stop/ Donut Con- Discussion w/ 1 developer $ 1.0 M?? Acq./Clear. <br /> nection/ Sitdown Restaurant <br /> 4. Moundsview Square Redev. No Change $ Unknown <br /> • 5. Bauer Welding Expansion No Change $ Unknown <br /> 6. Co. 10/Woodale Develop. Site discussed w/ 1 business $1.5 M?? Acq./Clear. <br /> & 1 developer <br /> Economic Development Subtotal $ 3.5 million <br /> Potential Housing Development Projects <br /> Project Status $ Expenditure <br /> 1. Housing Improve. Program 1 Unit @ $175K per year $1.4M <br /> 2. Laport Meadows Dev. Discussion w/ 3 developers $ .6 M?? Acq./Infrastruc. <br /> 3. Sherwood Housing Dev. Discussion w/ 1 developer $ .2 M?? Acq./Clear. <br /> 4. Hidden Hollow Phase II Discussion w/ 1 realtor & $ Unknown <br /> 1 developer <br /> Housing Development Subtotal $ 2.2 million <br /> • <br />