10-28-1997 - Laserfiche WebLink

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businesses and is used in the material for attracting new companies to the area. By increasing the quantity Mounds View will be able to give the brochure to the chamber to mail out to businesses that contact them. Nelson suggested that we increase the amount printed to be able to mail to all Mounds III View businesses. Carlson noted that the brochure could be beneficial to businesses in attracting workers and that we should have enough to assist the businesses in attracting a quality workforce. Nelson suggested that if we do not get the additional funds that the EDA support increasing the budget to allow for the additional quantity to be printed. Ms. Frey, Chamber Executive Director noted that the City may want to use members for printing and designing. Bennett mentioned that they will be using a local printer Action Press. Motion/Second: Nelson/Welsch moved to recommend applying for Charitable Gaming Funds for 3,500 copies of the Community Profile and Advertising Supplement and to encourage the EDA to increase funding for the Profile if needed. Motion Carried 5 ayes 0 nays B. Discussion of Establishing a Loan Program for the Improvement of Multi-Family and Manufactured Homes Bennett explained that City staff is requesting that the EDC review possible loan programs, using TIF, for the rehab of Manufactured Home Additions and Apartments, Triplexes and Duplexes. Building Inspector Rick Jarson gave a brief overview of the current situation in Manufactured Homes Parks with faulty and illegal construction of additions. Carlson talked to a Chamber member who owns a Manufactured Home Park in New Brighton and in a member of the Minnesota Manufactured Home Association. She mentioned that trying to assist in the al rehab of older mfg homes is very risky. Recently, some lenders have liberalized the financing criteria for mfg home additions and/or purchases and the majority of these have gone into foreclosure. Carlson suggested that staff try and develop some criteria for a loan in conjunction with the park owner\manager and that they should buy into and support the City in its efforts to improve the living conditions in the park. Schmidt felt that the loan should not be forgivable and that any work should be supervised by a licensed contractor. Nelson suggested that the Planning Commission review the possibility of revising our code to allow construction of additions following the UBC. Motion/Second: Carlson/Nelson moved to direct staff to draft a loan program with the assistance of Western Bank and Chamber Member Bev Aplikowski to bring back to the commission for review. Motion Carried 5 ayes 0 nays Bennett gave an overview of the change in the tax law that reduces the multi-family tax rate and hopes that this savings will encourage property owners to make improvements. As an additional incentive the City may consider developing a loan program that would be an additional incentive to provide improvements to property. Carlson noted that there are several City programs out there and that we should research other programs prior to developing our own. Carlson also mentioned that both of these ideas are expensive proposals because you must deal with the servicing of the loan, possible foreclosure costs, collection costs and that the EDC needs to take into consideration what the actual benefit the programs will be in relation to the costs. • Motion/Second: Carlson/Welsch moved to direct staff to research other City programs and bring back information to the EDC for review. 2