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The Mounds View Vision A Thriving Desirable Community Item #: 7A Meeting Date: March 15, 2019 Type of Business: EDC City of Mounds View Staff Report To: Economic Development Commission From: Brian Beeman, Assistant City Administrator Item Title/Subject: Reports of Staff A. Crossroad Pointe Redevelopment Project Closing on the sale of Crossroad Pointe is on track for May 1, 2019. Groundbreaking for the approximately 127 unit market rate apartments is expected Q2 2019. B. Rice Creek Commons (TCAAP) Development Update Project engineers are in the process of finalizing plans for mass grading, utility installation, and primary roadways on the site. This work will be completed in 2019. Initially, the first phase of housing and early commercial construction was expected to begin in 2021 and when fully realized, the mixed-use development was expected to offer 1,460 housing units, support at least 4,000 living-wage jobs, and generate approximately $8.6 million in property taxes annually. However, the County has decided not to participate with the City of Arden Hills. Therefore, all timelines and plan are up-in-the-air. C. North Metro Business Council Meeting MnDOT presented at the March 13, 2019 meeting. A verbal update can be provided at the EDC by those who were in attendance. The next North Metro Business Council meeting will be held June 12, 2019 from 7:30-9:00 a.m. at the Mermaid Event Center. The topic is TBD. All meetings are free. D. MWF Properties MWF Properties is in the process of constructing a 60 unit workforce housing project located along Mounds View Boulevard and Groveland Road. Construction is expected to be completed by December 2019. E. Skyline Motel The EDA must close within 90 days or around May 1, 2019. Once the purchase has been finalized, staff will begin the recruitment efforts to attract a user to the site. A developer proposal was heard by the EDA March 11, 2019 for a hotel concept. Other developers are also showing interest in the site. The EDA also discusses broker fees for the project. F. Other Upcoming Events/Reports Citizen of the Year nominations are due by Friday, March 22, 2019. Fillable nomination forms are posted on the City website. The Town Hall meeting will be held Monday, April 15 from 6:00-8:30 p.m. at the Mounds View Community Center. The Mounds View Police Foundation in conjunction with Texas Road House (Coon Rapids) is sponsoring a fundraiser on Monday, April 29th from 5:00 p.m. to close. A percent of your dinner ticket will be donated to the Mounds View Police Foundation which helps fund outreach programs for the Mounds View Police Department. You can either snap a picture or cut out the article in the Mounds View Matters to and show your server so your meal will benefit the Mounds View Police Foundation. Texas Road House is located at 2780 Main Street NW in Coon Rapids. ______________________________ Brian Beeman Assistant City Administrator