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Item No. 2 <br />Meeting Date: August 7th, 2000 <br />Type of Business: WK <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: Discussion of Regional Storm Water Retention Pond Funding to Facilitate Proposed <br />Mermaid Hotel and Banquet Center Expansion <br />Date of Report: August 29, 2018 <br /> <br />Background: <br /> <br />As a component of the Mermaid redevelopment, a regional storm water retention pond has been proposed off of <br />County Road H. At this point, storm water from the highlighted parcels below flow into Rice Creek relatively <br />untreated, making it one the largest areas of untreated storm water run off in the City. The following map is <br />illustrative: <br /> <br /> <br /> <br />It is anticipated that the pond will be located on Metropolitan Council and School District property. Based on <br />preliminary discussions, both of the aforementioned property owners appear to be receptive to the plan. From a <br />financial perspective, it is estimated that construction and engineering costs will total approximately $441,610. <br />However, it may be slightly higher or lower based on several unknown variables at this point. <br /> <br />To finance the project, the City, in conjunction with the developer, applied for and received a $333,333 <br />Redevelopment Grant from the Minnesota Department of Trade and Economic Development. Ramsey County has