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9/16/05 <br /> ECONOMIC DEVELOPMENT COMMISSION <br /> UPDATE REGARDING 2005 PRIORITIES / APPROVED OR POTENTIAL TIF <br /> EXPENDITURES BY PROJECT <br /> At the end of 2004 the members of the Mounds View EDC were surveyed regarding <br /> economic development priorities for 2005. Commissioners identified 14 potential <br /> commercial, industrial and housing projects. The following is the status of those projects: <br /> Project Status $ Expenditure <br /> 1 . Medtronic CRM Campus Approved by CC/EDA $14.8 M TIF Note <br /> Proj. financial closing 9/30/05 <br /> 2. Skyline Motel Acquisition/ Site discussed w/ 3 businesses $ .6 M?? Acq./Clear. <br /> Redevelopment & 1 developer <br /> 3. PAK Bldg. Redevelopment Owners seeking PC variance $ .4 M?? Acq./Clear. <br /> 4. Hardee's Restaurant Redev. Bldg. Renovated; Caribou $ None at present <br /> Coffee operational 8/26/05 <br /> 5. Moundsview Square Redev. No Change $ Unknown <br /> 6. Bauer Welding Expansion No Change $ Unknown <br /> 7. Co. 10/Woodale Develop. Site discussed w/ 1 business $1 .5 M?? Acq./Clear. <br /> & 1 developer <br /> 8. Hidden Hollow Phase II Discussion w/ 1 realtor & $ Unknown <br /> 1 developer <br /> 9. Sitdown Restaurant Discussion w/ 1 developer $ Unknown <br /> 10. Sherwood Housing Dev. Discussion w/ 1 developer $ .2 M?? Acq./Clear. <br /> 11 . Laport Meadows Dev. Discussion w/ 3 developers $ .6 M?? Acq./Infrastruc. <br /> 12. Silver View Plaza Promo. No Change $ Unknown <br /> 13. Oasis, etc. Redevelop. Discussion w/ 1 developer $1 .0 M?? Acq./Clear. <br /> 14. Steve's Appliance Redev. No Change $ Unknown <br /> Subtotal $4.3 million <br /> (exc. Medtronic) <br />