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Item No: 08G <br />Meeting Date: Nov 22, 2021 <br />Type of Business Council Business <br />MOUNDtSIEWCity Administrator Review <br />City of Mounds View Staff Report <br />To: Honorable Mayor and City Council <br />From: Brian Beeman, Assistant City Administrator <br />Item Title/Subject: Approval of Resolution 9503: CITY OF MOUNDS VIEW <br />RESOLUTION AUTHORIZING THE CONVEYANCE OF <br />CITY OF MOUNDS VIEW PROPERTY TO THE MOUNDS <br />VIEW ECONOMIC DEVELOPMENT AUTHORITY <br />Introduction/Discussion: <br />The Villas of Mounds View, LP (MWF Properties), is proposing to redevelop the former Skyline <br />Motel into The Villas of Mounds View, consisting of a 120-unit apartment building. The project <br />will feature senior (55+), affordable housing. The property constituting the project at the former <br />Skyline Motel site is being subdivided as the plat entitled SKYLINE for which the EDA presently <br />owns 3 parcels and the City owns one parcel. In order for the EDA to convey the property in <br />SKYLINE Villas of Mounds View for platting and redevelopment, in is most efficient if the City <br />parcel is transferred to the EDA. <br />Strategic Plan Strategy/Goal: <br />Support redevelopment efforts, create and maintain a positive business climate where businesses <br />want to locate and remain in Mounds View. Maximize utilization of development space and current <br />redevelopment sites. Fill vacant space and support redevelopment & development. Continue and <br />focus on public relations activities. <br />Financial Impact: <br />Because the project is senior housing, it is not anticipated to contribute additional impacts to ISD <br />621. The project is anticipated to impact municipal services (e.g. police and fire), although the <br />TIF plan concludes that the project, in and of itself, will not necessitate new capital investment in <br />vehicle or facilities. <br />Staff Recommendation: <br />Staff recommends adopting Resolution 9503. <br />Respectfully, <br />gy&10�� <br />Brian Beeman, MPA, CMC <br />Assistant City Administrator <br />ATTACHMENTS: <br />Resolution 9503: CITY OF MOUNDS VIEW RESOLUTION AUTHORIZING THE <br />CONVEYANCE OF CITY OF MOUNDS VIEW PROPERTY TO THE MOUNDS VIEW <br />ECONOMIC DEVELOPMENT AUTHORITY <br />The Mounds View Vision <br />D0CS0PEN\MU205\52\763745.v1-1 1 /18/21 <br />