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<br />Item #: 7A <br />Meeting Date: February 16, 2018 <br />Type of Business: EDC <br /> <br />City of Mounds View Staff Report <br />To: Economic Development Commission <br />From: Brian Beeman, Business Development Coordinator <br />Item Title/Subject: Reports of Staff <br /> <br />A. Crossroad Pointe Redevelopment Project <br />On January 8, 2018 the EDA approved the predevelopment <br />agreement between the EDA and INH Properties who is <br />proposing to build an approximately 120-160 unit market rate <br />apartment building including both traditional and destination <br />retail. The developer will have legal access to the Crossroad <br />Pointe site for one year to conduct their due diligence and work <br />towards a formal development agreement. <br /> <br />C. Rice Creek Commons (TCAAP) Development Update <br />Dewatering and motoring & testing of the water will continue and now building <br />construction is expected until possibly late 2018. <br /> <br />D. Mounds View Project Updates <br />Website: The City’s new website can be found at www.moundsviewmn.org. The website <br />was officially launched January 2, 2018. <br /> <br />E. North Metro Business Council Meeting <br />The next North Metro Business Council meeting will be held March 14, 2018 from 7:30- <br />9:00 a.m. at the Mermaid Event Center. The topic and speaker is unknown at this time. <br /> <br />F. MWF Properties <br />MWF Properties is looking to construct around 60 units of <br />workforce housing on two lots owned by Cynthia Johnson, <br />located at 2865 Mounds View Boulevard and 7980 <br />Groveland Road and also two adjacent tax forfeiture lots. <br />MWF Developers has been awarded tax credits for their <br />project and they have requested a Housing TIF. At its <br />January 22, 2018 Council meeting the City Council set a Public Hearing regarding the <br />TIF for March 12, 2018. The City is working with Ramsey County and MWF to finalize <br />the land acquisition. Construction is expected to be completed Dec 2019. <br /> <br /> <br /> <br /> <br />