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Mounds View EDA December 12, 2011 Regular Meeting Page 2 7. EDA BUSINESS 45 46 A. Consider Amendments to Mounds View Business Toolbox 47 48 Economic Development Specialist Steinmetz indicated the Mounds View Business Toolbox was 49 approved by the EDA in 2008. She explained this document listed the resources available to 50 Mounds View businesses provided by the City, State, and private resources. 51 52 Economic Development Specialist Steinmetz indicated this resource was outdated and in need of 53 amending. The document was reviewed by Staff, along with the EDC and revisions were made. 54 Staff recommended the EDA approve the amended document. 55 56 Economic Development Specialist Steinmetz requested the EDA allow the document to be used 57 externally and be posted on the City’s website. This would allow for better promotion of the 58 resources available to the City’s businesses. 59 60 President Flaherty suggested Conduit Financing be added to the list of resources available to the 61 local businesses. 62 63 Commissioner Gunn thanked Staff for the revised and updated document. She was in favor of 64 allowing the Business Toolbox to become public information and felt this may attract future 65 businesses to the City. 66 67 Commissioner Mueller asked if the disclaimer within the document was enough to protect the 68 City from a wrongful suit requesting a new TIF district. Economic Development Specialist 69 Steinmetz indicated the document was merely a list of resources and did not open the City to law 70 suits. She explained that most cities have this same list available to business owners. 71 72 Commissioner Mueller recommended several links be included within the document to ensure 73 that interested business owners are directed to Economic Development Specialist Steinmetz. 74 Economic Development Specialist Steinmetz stated she could add this to the overview section of 75 the document. 76 77 Commissioner Hull commented he was in favor of making this an external document as well. He 78 supported the changes made by Staff. 79 80 Vice President Stigney recommended the document remain internal as he did not want business 81 owners seeking handouts from the City. He agreed with the changes made to the document but 82 did not support the information becoming available to the public. 83 84 President Flaherty appreciated the updates made by Staff. He felt the visibility of this document 85 on the City’s website would assist with business generation and redevelopment for the City. 86