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without first having amended the Plan to explicitly identify those properties it <br />intends to acquire. <br /> <br />Staff has created a map that identifies 211 parcels in the City of Mounds View <br />that could be acquired by the EDA. The largest number of parcels (93) is found <br />in the northwest quadrant of the City (Section 6). The northeast quadrant has 43 <br />parcels (Section 5), the southwest quadrant has 22 parcels (Section 7), the <br />southeast quadrant has 45 parcels (Section 8), and the far southeast quadrant <br />has 8 parcels (Section 17). From the current land use perspective, <br />approximately 36 are commercial parcels and 175 are residential parcels. <br />Blighted residential properties and underutilized residential properties are <br />included on the map. <br /> <br />Staff has been working with Ehlers & Associates, the City’s TIF financial advisor, <br />to prepare the Project Plan modification. The Mounds View Planning <br />Commission considered the Plan modification on June 16, 2004. The <br />Commission adopted Resolution 762-04 recommending to the City Council <br />approval and verifying that the modification is in compliance with the City’s <br />Comprehensive Plan. <br /> <br /> <br />Recommendation: <br /> <br />Staff recommends that the Mounds View Economic Development Authority <br />approving Resolution 04-EDA-188 adopting the proposed modification of the <br />Project Plan for the Mounds View Economic Development Project. <br /> <br /> <br />Respectfully submitted, <br /> <br /> <br /> <br />____________________________ <br />Aaron Backman <br />Economic Development Coordinator <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />\\Trout\MasterFiles\2004\EDA\EDA Packets\06-28-04\Item 06A Reso 04-EDA-188 Requesting that the Mounds View Economic Development Authority Adopt the Modification to the Project Plan for the MV Economic Development Project.doc <br /> <br />