Laserfiche WebLink
Mounds View EDA December 12, 2011 <br />Regular Meeting Page 2 <br /> <br />7. EDA BUSINESS <br /> <br />A. Consider Amendments to Mounds View Business Toolbox <br /> <br />Economic Development Specialist Steinmetz indicated the Mounds View Business Toolbox was <br />approved by the EDA in 2008. She explained this document listed the resources available to <br />Mounds View businesses provided by the City, State, and private resources. <br /> <br />Economic Development Specialist Steinmetz indicated this resource was outdated and in need of <br />amending. The document was reviewed by Staff, along with the EDC and revisions were made. <br />Staff recommended the EDA approve the amended document. <br /> <br />Economic Development Specialist Steinmetz requested the EDA allow the document to be used <br />externally and be posted on the City’s website. This would allow for better promotion of the <br />resources available to the City’s businesses. <br /> <br />President Flaherty suggested Conduit Financing be added to the list of resources available to the <br />local businesses. <br /> <br />Commissioner Gunn thanked Staff for the revised and updated document. She was in favor of <br />allowing the Business Toolbox to become public information and felt this may attract future <br />businesses to the City. <br /> <br />Commissioner Mueller asked if the disclaimer within the document was enough to protect the <br />City from a wrongful suit requesting a new TIF district. Economic Development Specialist <br />Steinmetz indicated the document was merely a list of resources and did not open the City to law <br />suits. She explained that most cities have this same list available to business owners. <br /> <br />Commissioner Mueller recommended several links be included within the document to ensure <br />that interested business owners are directed to Economic Development Specialist Steinmetz. <br />Economic Development Specialist Steinmetz stated she could add this to the overview section of <br />the document. <br /> <br />Commissioner Hull commented he was in favor of making this an external document as well. He <br />supported the changes made by Staff. <br /> <br />Vice President Stigney recommended the document remain internal as he did not want business <br />owners seeking handouts from the City. He agreed with the changes made to the document but <br />did not support the information becoming available to the public. <br /> <br />President Flaherty appreciated the updates made by Staff. He felt the visibility of this document <br />on the City’s website would assist with business generation and redevelopment for the City.