11-28-2005 - Laserfiche WebLink

Home Browse Search

Mounds View EDA November 14, 2005 Regular Meeting Page 5 President Marty agreed that is a wise approach, noting it can take years to get matching funds and 170 it is never guaranteed. He stated this project may not get done or it could be 10 or more years out 171 if the City waits for matching funds. He stated County Road 10 has been talked about for years 172 and with the exception of several signal changes, timing sequences, and a few trailways, that is 173 all that has been done. He stated it is in the 2006 budget to move forward and that will have to 174 be done to get the project going. 175 176 President Marty referenced the staff report and commented on the listing of projects. He stated 177 he does not see some of them as viable priorities but more like a “wish list” that the City would 178 like to see happen. But, he does not see it as being realistic to invest City or TIF funds. 179 180 Director Ericson explained that the EDC was looking at it from the perspective of what needs to 181 be changed in the City, what areas are not presenting a positive image, and where the tax base 182 can be increased and improved. He stated the Skyline Motel is a prime example of a property 183 where taxes are not increasing, it is underutilized, and has caused problems in the past. He stated 184 that will probably not change but for City involvement. 185 186 Director Ericson stated all of the potential development projects presuppose there is a willing 187 seller. He noted PAK is looking to redevelop but there is a funding gap so they are looking at the 188 City for funding participation. He agreed that with the Donut Connection property, a restaurant 189 is interested in the site so it is now a lost opportunity for the City. Previously it was for sale 190 under the County assessed valuation but the City did not purchase it. 191 192 Director Ericson stated the gas station is now for sale and suggested as part of Project #3 193 (Premium Stop/Donut Connection/Sitdown Restaurant) it would make good sense to acquire 194 with TIF for a potential redevelopment. He advised that the gas station site was marketed as 195 redevelopment but the only calls being received are from potential buyers who want to maintain 196 it as an independent gas station. He stated he is not asking for authorization tonight but may in 197 the future request the EDA look at possible acquisition. 198 199 Director Ericson stated that Moundsview Square is a project where Paster would be looking for 200 some assistance, as they did with the Hardee’s building. However in that case, they did not get 201 all of their information to the City in a timely manner so they decided to go forward without City 202 assistance. But, to redevelop the Moundsview Square property, they would be looking at the 203 City for assistance and but for that assistance, it may not move forward. 204 205 Director Ericson stated this may be a “wish list” but it impacts the aesthetics of Mounds View. 206 He stated the City wants to reinvigorate the County Road 10 corridor and improve the tax base by 207 investing in some of the properties to achieve that goal. 208 209 Commissioner Thomas stated President Marty has indicated the infrastructure redevelopment is 210 his first priority and redevelopment of the businesses would come second to that. She stated it 211