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<br />Item No: 5C <br />Meeting Date: Dec. 21, 2012 <br />Type of Business: EDC <br />Administrator Review : ____ <br />City of Mounds View Staff Report <br /> <br /> <br /> <br />To: Economic Development Commission <br />From: Heidi Steinmetz, Economic Development Specialist <br />Item Title/Subject: Discuss EDC’s April 2012, Unobligated Tax Increment <br />Financing Priority List <br /> <br /> <br />Background <br /> <br />At their April 20, 2012, meeting, the EDC created the following priority list for using the <br />EDA’s unobligated Tax Increment Financing (TIF): <br /> <br />1) Business Retention <br />a. Mustang Drive & Mustang Circle <br />b. Infrastructure for Businesses <br />c. Silver View Plaza <br /> <br />2) Promote New Business <br />a. Property Acquisition & Demolition <br /> <br />3) Vacant Housing <br /> <br />4) Complete County Road 10 Trail Way Segments <br /> <br />Discussion <br /> <br />At the November 5, 2012, City Council Work Session, the Council asked the EDC to review <br />the above priority list and provide the Council with specific County Road 10 project ideas <br />that could be accomplished using the EDA’s unobligated TIF of approximately $900.000. <br /> <br />Recommendation <br /> <br />Staff recommends that the EDC provide the Council with prioritized County Road 10 <br />project ideas within a $900,000 budget. <br /> <br />Respectfully submitted, <br /> <br />Heidi Steinmetz, Economic Development Specialist <br />