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Item No. 8 <br />Meeting Date: May 7 th, 2001 <br />Type of Business: WK <br />WK: Work Session; PH: Public Hearing; <br />CA: Consent Agenda; EDA: EDA Business <br /> <br /> <br />City of Mounds View Staff Report <br />To: Honorable Mayor and City Council <br />From: Aaron Parrish, Economic Development Coordinator <br />Item Title/Subject: Discussion Regarding Redevelopment Priorities and <br />Redevelopment Tools <br />Date of Report: April 30, 2001 <br /> <br />Background <br /> <br />As the Economic Development Authority is aware, a variety of potential redevelopment <br />opportunities exist within Mounds View. As the community becomes fully developed the <br />need for redevelopment becomes more apparent. Per EDA direction, the Economic <br />Development Commission evaluated and prioritized six redevelopment <br />opportunities/priorities. In addition to prioritizing specific sites/areas for redevelopment, the <br />EDC also analyzed the tools necessary to effectuate redevelopment. <br /> <br />Redevelopment Priorities in Mounds View <br /> <br />While a myriad of opportunities exist for redevelopment, six were presented for the <br />Commission’s consideration and prioritization. The redevelopment opportunities <br />considered by the EDC included the following: <br /> <br />• Herbst and Pettibone Properties • Skyline Motel <br />• Everest County Highway 10 Properties • Groveland and County Highway 10 <br />• Network Liquors • Silver Lake Road and County Highway <br />10 <br /> <br />It must be noted that the aforementioned redevelopment opportunities are conceptual at <br />this point. Additional deliberation, circumstance, and project areas will be considered as <br />potential projects are further refined. A brief profile of each redevelopment opportunity has <br />been included for your reference as “Attachment A.” A map highlighting the general <br />location of each of the above has been included for your reference as “Attachment B.” <br /> <br />Based on data provided, subjective impressions, and potential feasibility, the members of <br />the EDC ranked the six redevelopment opportunities utilizing a weighted point system. <br />With one being the highest priority and six being the lowest, the redevelopment priorities <br />were articulated in the following manner: <br /> <br />