Laserfiche WebLink
R <br /> 5. EDC Business: uNAppRovcD <br /> A. Remove Highway 10 Redevelopment Plan Vision and Action Steps from the Table. <br /> 4110 <br /> Motion/Second: <br /> Schmidt/Malone to remove agenda item 5.a. from the table. <br /> 6 ayes 0 nays <br /> Motion Carried <br /> B. Consideration of Highway 10 Redevelopment Plan Vision and Action Steps. <br /> Motion/Second: Goff/Schmidt move to establish a subcommittee to review Highway 10 <br /> Redevelopment Plan Vision and Action Steps and appoint Mountin, Welsch and Schmidt to the <br /> subcommittee. <br /> 6 ayes 0 nays <br /> Motion Carried <br /> C. Discussion Regarding Financial Need of Mounds View Businesses and Structure of a <br /> Business Assistance Program. <br /> Coordinator Bennett gave a brief overview of the results of 69 surveys from the North <br /> Metro Business Retention Program with regards to need for financing. It was reported that <br /> 41% of the 69 businesses placed a high to medium priority on additional capital to assist <br /> their business. <br /> Commissioner Malone mentioned that initially the program should be structured to assist <br /> those businesses who are already in Mounds View. It was also suggested to provide a <br /> program where the dollars invested are distributed among several businesses for a better <br /> return both financially and from a public relations standpoint. Commission members <br /> discussed several other guidelines taking into consideration the area business needs. <br /> Motion/Second: Nelson/Welsch move staff to draft a business assistance plan for review at the <br /> next meeting. <br /> 6 ayes 0 nays <br /> Motion Carried <br /> D. Discussion of Relationship with Business Association <br /> The commission directed staff to draft a resolution for review at the next meeting in <br /> support of the Businesses Association. <br /> E. Discussion of Tax Increment Financing Funds for Capital Projects. <br /> Coordinator Bennett explained that the attached information was the estimated and <br /> budgeted tax increment funds for 94 and 95. In addition, Bennett mentioned the most <br /> recent developments which were funded through the use of tax increment financing. <br /> There was no action on this item. <br /> 6. Reports From Chair and Commissioners: <br /> Commissioner Schmidt brought forward the potential need for a secretary from City staff to <br /> take the minutes of the meeting because the designated secretary is unable to participate in <br /> the discussion of the items before the commission. <br /> Coordinator Bennett mentioned that the designated secretary from the Commission was mostly <br /> needed to record the motions and that notes regarding the discussions of the meetings and the <br /> actual preparation of the minutes were currently being done by City staff. <br /> 2 <br />