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13. Historically low interest rates. <br /> 14. A continuing"legislative inclination"to reduce commercial and <br /> industrial property tax rates. <br /> 5. PRIORITIES FOR ECONOMIC DEVELOPMENT DECISIONS <br /> In general, the City of Mounds View's economic development priorities are as <br /> follows: <br /> 1. Retain existing businesses that make positive contributions to the local <br /> economy. <br /> 2. Provide a reasonable and prudent level of assistance (financial or <br /> otherwise) to enable existing businesses to expand their operations <br /> and/or facilities in Mounds View. <br /> 3. Attract new commercial and industrial development in order to expand <br /> the City's tax base, thereby providing property tax relief for <br /> homeowners. <br /> 4. Encourage the development of new office space, warehouse space and <br /> 110 <br /> retail operations that will enable Mounds View to offer services, <br /> facilities and goods that are not presently available in the community, <br /> or that are unavailable in sufficient quantity or quality. <br /> 5. Pursue the redevelopment of parcels and sites that are aesthetically <br /> displeasing, contaminated, blighted, abandoned, or otherwise <br /> underdeveloped. <br /> 6. Facilitate communications between and among the City, Ramsey <br /> County, local businesses, the Chamber of Commerce, local educational <br /> institutions, and any other parties or entities having a direct or indirect <br /> interest in the continued economic prosperity of Mounds View. <br /> Beyond the preceding general priorities and objectives, the City will continually <br /> develop and review more specific priorities in order to provide guidance to City <br /> staff, business owners, developers, and residents with respect to intended areas of <br /> concentration (geographic and otherwise). <br /> C:\OFFICE\WPWIN\WPDOCS\COMPPLAN.ED4 <br /> • <br /> 5 <br />