10-17-2019 - Laserfiche WebLink

Home Browse Search

Goal C: Finance top redevelopment areas industrial/commercial/residential 75%, on-going) 1. The EDA has supported the Housing TIF for MWF’s workforce housing project to be completed by the end of 2019. The EDA has also shown support in purchasing the Skyline Motel for redevelopment purposes. Asbestos on the Skyline property was removed and a controlled burn was completed August 29. An excavation company was hired to remove any remaining debris and level the site for development. The site is currently being marketed. 2. The EDA is open a variety of redevelopment products. Ehler’s and staff are seeking developers for the site. Commercial Investor’s group continues to show interest in an industrial products and has backed away from the Holiday Inn Express due to feasibility issues. Bauer Welding is still interested in selling their parcel for redevelopment. 3. Additional spinoff development is occurring from the initial Skyline redevelopment project. Bauer Welding is planning an expansion in the next three years and Bio Clean will start their expansion project once the contested 30’ property between Bio Clean and the Skyline property has clear title. 4. The EDA continues to provide financial support for economic development activities through the annual $100,000 EDA levy. Continued business subsidy support will send the message to developers that we are open for business and will positively attract more redevelopment activity to the City. Financial Impact: None Recommendation: Staff recommends the City Council hear an update on Q3 2019 activities as it related to economic development and ask questions as needed. Respectfully submitted, ________________________ Brian Beeman Assistant City Administrator Attachments: None The Mounds View Vision A Thriving Desirable Community