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Item No. 5A <br />Meeting Date: September 25th, 2000 <br />Type of Business: EDA <br />WK: Work Session; PH: Public Hearing; <br />CA: Consent Agenda; EDA: EDA Business <br /> <br />City of Mounds View Staff Report <br />To: Mounds View Mayor and City Council <br />From: Aaron Parrish, Economic Development Coordinator <br />Item Title/Subject: Consider Approval of Resolution 00-EDA-134 a resolution approving and <br />authorizing the expenditure of tax increment funds for the acquisition of <br />7861 Groveland Road for the purpose of future redevelopment <br />Date of Report: September 20, 2000 <br /> <br />Background: <br /> <br />At the September 5th Work Session, Council directed staff to investigate the possibility of acquiring <br />residential property currently for sale located at 7861 Groveland Road. This property is located <br />adjacent to Simon’s Sport Shop, ABC Liquors, and the Pak building. The map below is illustrative: <br /> <br /> <br />