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11-17-2022 EDC
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11-17-2022 EDC
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11/21/2022 12:16:40 PM
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11/17/2022
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The Mounds View Vision <br />A Thriving Desirable Community <br /> <br /> <br /> <br />Item #: 7A <br />Meeting Date: November 17, 2022 <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. Rice Creek Commons (TCAAP) Development Update <br />In late spring of 2019 project engineers were in the process of plans for mass grading, utility <br />installation, and primary roadways on the site. This work was slated to be completed in 2019. <br />Initially, the first phase of housing and early commercial construction was expected to begin in <br />2020 and when fully realized, the mixed-use development was expected to offer 1,460 <br />housing units, support at least 4,000 living-wage jobs, and generate approximately $8.6 <br />million in property taxes annually. Ramsey County Commissioner Nicole Joy Frethem met <br />with the Mounds View City Council January 11, 2021 and stated that the law suit is still in <br />effect however, neither party is at liberty to mention any details of the lawsuit. However, she <br />stated that they feel progress is being made and they are nearing an agreement. As of <br />November 2022, all construction is still on hold. <br /> <br />B. Mounds View Business Council Meeting <br />The next meeting will be held at the MV Event Center Wednesday December 14, 2022 from <br />8:00-9:00 a.m. All meetings are free and all EDC Members are encouraged to attend. The <br />featured speaker is expected to be Xcel Energy. <br /> <br />C. Skyline Redevelopment <br />The EDA has entered into a Development Agreement with MWF Properties for the Skyline <br />Redevelopment site. They are in the process of construct 120 units of affordable senior <br />housing. Bauer Welding and Bio Clean plan to expand their operations as well, resulting in the <br />potential of four development projects on the overall redevelopment site. <br /> <br /> <br />D. Long Lake Woods <br />Marty Harsted is moving forward in creating 12 new single-family residential lots. He would <br />like to break ground in the spring of 2023. He apparently has about four homes that would be <br />built right away once the development has been completed. <br /> <br />E. Tom Fields Estate <br />A developer had planned to purchase three lots from Tom Fields located across from Lambert <br />Park to construct three assisted living homes, however Mr. Fields has delayed the project. <br />Therefore, the developer has backed out of the project. Three more developers have inquired
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