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The Mounds View Vision <br />A Thriving Desirable Community <br /> <br /> <br /> <br />Item #: 7A <br />Meeting Date: November 19, 2020 <br />Type of Business: EDC <br /> <br />City of Mounds View Staff Report <br />To: Economic Development Commission <br />From: Brian Beeman, Assistant City Administrator <br />Item Title/Subject: Reports of Staff <br /> <br /> <br />A. Gray Stone Flats Redevelopment Project <br />Closing on the sale of Crossroad Pointe was completed November 4, 2019. INH Properties has reached <br />substantial completion for the 128 unit market rate apartment building. The certificate of occupancy is unknown at <br />this time. (Below, interior photo of a unit in Gray Stone Flats taken Oct 7, 2020) <br /> <br /> <br />B. Rice Creek Commons (TCAAP) Development Update <br />In late spring of 2019 project engineers were in the process of plans for mass grading, utility installation, and <br />primary roadways on the site. This work was slated to be completed in 2019. Initially, the first phase of housing and <br />early commercial construction was expected to begin in 2021 and when fully realized, the mixed-use development <br />was expected to offer 1,460 housing units, support at least 4,000 living-wage jobs, and generate approximately <br />$8.6 million in property taxes annually. However, the County has decided not to participate with the City of Arden <br />Hills and has filed a lawsuit against the City. Therefore, all timelines and plan are on hold until further notice. News <br />from May 5, 2020 reveals that the site was taken off of the Superfund list and has received environmental <br />clearances. <br /> <br />C. Mounds View Business Council Meeting <br />The last Mounds View Business Council meeting was held September 9, 2020 from 8:00-9:00 a.m. at the MV <br />Event Center. The topic was an introduction of Mounds View Mayor and City Council candidates and an update <br />from Department Heads on city projects. The next meeting will be held at the MV Event Center December 9, 2020 <br />from 8:00-9:00 a.m. All meetings are free and all EDC Members are encouraged to attend. <br /> <br />D. Skyline Motel <br />Bauer Welding is cooperating with the City to sell their backlot to Augusta Developers, llc a 100 unit senior housing <br />project. Augusta will purchase the northern portion of the EDA owned Skyline redevelopment site. MWF Properties <br />is anticipating purchasing the southern portion of the site once they can secure their tax credits. Both Bauer <br />Welding and Bio Clean plan to expand their operations as well. Resulting in four development projects on the <br />overall site. Currently, City staff is cooperating with Ramsey County to determine if the County will release an <br />easement along Old County Rd 8 before proceeding with platting. <br /> <br />E. Long Lake Woods <br />Marty Harsted is moving forward in creating 12 new single-family residential lots. He would like to break ground in <br />the summer of 2021. He apparently has about four homes that would be build right away once the development <br />has been completed. He is currently waiting for one of the property owners to submit an appraisal before going <br />forward. <br /> <br />F. Tom Fields Estate <br />A developer plans to purchase three lots from Tom Fields to construct three assisted living homes with 6 rooms. <br />Each home would look similar to a newer modern house.