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City of Mounds View Comprehensive Plan <br />________________________________________________________________________ <br /> <br /> <br /> <br />93 <br />The preceding circumstances are, to varying degrees, mitigated by the presence of financial and <br />other incentives that encourage or allow economic development. Successful economic development <br />will continue to require the careful monitoring of these existing and developing challenges so that <br />realistic and timely efforts can be made to emphasize Mounds View’s many positive attributes in <br />order to effectively minimize or counteract negative perceptions or circumstances. Examples of such <br />future efforts may include the following: <br /> <br />! In order to address the relative scarcity of raw land suitable for new construction, and in <br />light of the small size of the few remaining parcels of undeveloped land, <br /> <br />Χ Prepare and periodically update an inventory of undeveloped land, <br />Χ List undeveloped parcels on the City web site with the knowledge and consent of <br />their owners/agent, <br />Χ Acquire and/or clear underdeveloped sites suitable for new construction, <br />Χ Focus development efforts on businesses suitable for smaller lots, and investigate the <br />possibility of combining adjoining lots to accommodate larger businesses. <br /> <br />! In situations involving unrealistic price expectations on the part of those who own <br />undeveloped parcels of land (i.e., asking prices well in excess of actual market value), <br /> <br />Χ Wait for the market to catch up with currently excessive asking prices and <br />Χ Investigate options that might reduce those prices (offering relocation assistance, <br />etc.). <br /> <br />! In cases involving actual or perceived neighborhood opposition to commercial development <br />of certain types in certain areas, <br /> <br />Χ Survey nearby residents to determine their preferences and/or <br />Χ Arrange neighborhood meetings or public hearings in connection with proposed <br />commercial development(s). <br /> <br />! In situations where owners of underdeveloped parcels (especially residential homeowners <br />and owners of old or obsolete commercial structures) are unwilling to sell, thereby delaying <br />or preventing the development of those properties to their highest and best use, <br /> <br />Χ Arrange meetings with the owners, <br />Χ Provide current information to them regarding the potential market value of their <br />properties, <br />Χ Develop or refine City relocation policies, or <br />Χ Consider the use of eminent domain only as a last resort.