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1111011 ` of Mounds View Staff Item #: 8A -F Meeting Date: Jan. 21, 2011 Type of Business: EDC Administrator Review: To: Economic Development Commission From: Heidi Steinmetz, Economic Development Specialist Item Title/Subject: Reports of Staff 8A - Mounds View Home Improvement Loans The EDA approved four, separate home improvement loan programs on November 22, 2010. On January 10, 2011, the EDA gave approval for the Greater Minnesota Housing Corporation (GMHC) to administer the loans for the EDA. GMHC is currently preparing the loan applications and City staff will begin marketing the loans when the applications are completed in early February 2011. 8B - B-2, Limited Business Zoning District Amendments On December 6, 2010, the City Council discussed and was supportive of the idea of adding permitted and conditional uses to the B-2 zoning district. On December 15, 2010, the Planning Commission passed a resolution of support of this. On January 10, 2011, the Council approved the first reading to incorporate the changes, which would allow the following additional land uses in B-2 Districts: Auto accessory or parts store with no repairs, installations or service work done on any motor vehicles on site, and no outside sales or storage Restaurants, cafes and tea rooms with more than 24 seats and/or 2,000 square feet in floor area, provided that there are not drive-thru and/or window pick-up services or the serving of food to patrons in their vehicles Attached is a related article that recently appeared in the Sun Focus newspaper. 8C - Select Senior Living Project The developer for this project, Select Companies, purchased the three parcels (pictured on the next page) in mid-December 2010. The Housing Revenue Bonds for the project will be re -marketed early this year.