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Reports of Staff <br />July 15, 2016 <br />Page 4 of 5 <br /> <br />somewhere between $1 to $2 mill. The lease is over $14 p/sq. ft. Many businesses like <br />the location but can’t afford the price and/or require more parking spaces. The owner <br />has been forced into paying the loan payments without income from the building and <br />has indicated that he is accepting reasonable offers and is open to creative financing. <br />Staff may be discussing the possibility of addressing parking in the city. If parking ratios <br />were reduced then this could potentially open up the possibility of recruiting a restaurant <br />to this location. <br /> <br />F. County Road 10 Addressing (Mounds View Boulevard) <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. As a result, City Administrator, Jim Ericson and others <br />met with Ramsey County officials in February to discuss the matter. The County <br />indicated that the City could effectively change the name of the road as long as County <br />Road 10 remained as the designation. The County communicated to the City that there <br />may be a possibility of funding with the Rice Creek Commons development p rojects. <br /> <br />Because of the County’s position to allow the city to change the naming of the street <br />and the overwhelming positive response from local businesses, the Mounds View City <br />Council passed Ordinance 918 June 13, 2016 renaming County Road 10 to Mounds <br />View Boulevard. The name change goes into effect the end of July. The Post Office will <br />continue to deliver mail to the old addresses as well as the new address. <br /> <br />G. Mounds View Business Council Meeting <br /> <br />The next meeting will be held September 14, at 7:30 a.m. at the Mermaid Event Center. <br />The speaker for the next meeting will be a company representative from Alatus which is <br />the Master Developer for the Rice Creek Commons project. The Twin Cities North <br />Chamber of Commerce would like to join Mounds View, Arden Hills, and Shoreview to <br />the Business Council meetings. Jason Helgemoe would continue to chair the meetings <br />and the group will need to agree to a new name. Some ideas have been North Metro <br />Business Council or Northwest Ramsey County Business Council. If any EDC Member <br />has ideas on the new name or comments on joining the cities please make Jason <br />Helgemoe or Brian Beeman aware of your comments and either of them will bring those <br />forward at the next Business Council meeting. <br /> <br />H. Other Upcoming Events/Reports <br /> Music & Movies in the Park: Silver View Park, “The Bazillions” (children’s <br />songs) will be performing July 21 starting at 7:00-8:00 p.m. The movie “Inside <br />Out” rated PG will begin at approximately 8:30 p.m. starting at dusk. The next <br />events will be held August 18. <br /> National Night Out: Will be held Tuesday, August 2. It’s a great way to meet <br />your neighbors, enjoy some good food, and become familiar with