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Reports of Staff <br />December 18, 2015 <br />Page 3 of 3 <br /> <br />learned that the original owner was stuck paying the mortgage and is accepting <br />reasonable offers and is open to creative financing. <br /> <br />F. County Road 10 Addressing <br /> <br />County Road 10 signage has caused much confusion over the years with multiple signs <br />displaying different naming of the road. Sign replacement and updating is the sole <br />responsibility of Ramsey County. The county is aware of the issue; however replacing <br />the signs has proven too costly. Therefore, the sign confusion will remain until the <br />county determines this issue to be a priority and finds proper resources to fund the <br />project. The issue was brought up again at the Mounds View Business Council meeting. <br /> <br />G. Mounds View Business Council Meeting <br /> <br />On December 9 the Mounds View Business Council met. The presenter was Beth <br />Engum, Ramsey County Project Manager for the Rice Creek Commons development. <br />Several businesses were in attendance. The presentation was sent to all Mounds View <br />businesses. Construction is expected to begin April 2016 with substantial completion <br />November 2016. The intersection of County Rd 10 & H will be much wider and safer <br />with flashing yellow lights. The soil has been remediates to a residential standard. <br />However, the deep aquifer is still contaminated. The County will be seeking a master <br />developer in the first quarter of 2016 with building construction starting in 2017. They <br />are expecting 1,400 housing units, 4,000 residents, and 4,000 jobs. It will be a flexible <br />business district with the possibility of grocers, national housing developers, etc. When <br />the site is fully developed approximately 2030, they are expecting 20,000 -25,000 in <br />traffic counts from the site. The next me eting be held March 9, at 7:30 a.m. at the <br />Mounds View Community Center. All meetings are now held quarterly and the Twin <br />Cities North Chamber of Commerce may be merging some of the member cities into the <br />meetings. The speaker for the next meeting is TBD. <br /> <br />H. Other Upcoming Events <br /> <br />I. Reports of Commissioners (Agenda Item 7) <br /> <br />J. Upcoming EDC Meetings (Agenda Item 8) <br />January 16 at 7:30 a.m. <br /> <br /> ______________________________ <br />Brian Beeman <br />Business Development Coordinator