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MGU-NDitSWEW <br />City of Mounds 111ew Staff Report <br />Item No: 05E <br />Meeting Date: May 9, 2022 <br />Type of Business: Consent <br />City Administrator Review: <br />To: Honorable Mayor and City Council <br />From: Jon Sevald, Community Development Director <br />Item Title/Subject: Resolution 9594, Authorizing the Conveyance of City of <br />Mounds View Property to the Mounds View Economic <br />Development Authority <br />Introduction: <br />As part of the Villas of Mounds View project, the EDA has agreed to sell land to the <br />developer. Some of this land is currently owned by the City (not the EDA). To proceed, <br />the City is to transfer ownership to the EDA. <br />Strategic Plan Strategy/Goal: <br />Continue BR&E program, maximize utilization of development space and current list of <br />available sites, encourage land owners to maintain their properties, & consider <br />residential development. <br />Financial Impact: <br />$1 <br />Recommendation: <br />Staff recommends approval. <br />Respectfully, <br />Jon Sevald, AICP <br />Community Development Director <br />