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City of Mounds View Comprehensive Plan COMMUNITY ECONOMIC DEVELOPMENT GOALS Mounds View's future economic development will be governed and directed by a set of basic goals, principles and assumptions. The most important of these are set forth below. The redevelopment or expansion of an existing business,new commercial or industrial development, or residential housing will be considered even if it involves the possible acquisition, demolition or relocation of an existing business or residential homes. The redevelopment or expansion of an existing business, or new commercial or industrial development, or residential housing will be considered if a reasonable opportunity for public input has been provided,particularly by those business owners and homeowners who could potentially be affected. Whether or not such parties support (or, at a minimum, do not oppose) any proposed redevelopment, expansion, new development or new project will be one of the more important factors in determining the City's position with respect to any such proposal. In the final analysis,the City's goal will be to determine whether the actual or potential benefits to the City(from any such proposal) outweigh the actual or potential negative impacts on individuals, businesses or the community as a whole. The City will actively market itself to selected target audiences as a prime location for specific types of businesses and industries. In order to continuously refine and review its objectives as economic conditions and realities change,the City(through the EDC and/or the EDA)will annually update its list of targeted businesses and industries.Although the City will respond in a timely and businesslike manner to all requests for information about the City's suitability as a business location, City staff members will focus their attention on those requests that come from businesses of the type that appear on the City's target list. In light of the increasing mobility of businesses in general,the City's future economic development efforts will focus on retaining existing businesses and industries in the community,in some cases by helping to create circumstances under which they can expand to meet their customers needs and/or their own desire to grow and prosper financially. Given the fact that the City is almost fully developed,and in order to improve the City's tax base and improve the City's visual aesthetics,the City also intends to devote significant attention to redeveloping aging, obsolete, blighted or otherwise underdeveloped structures. Additionally,the City will explore the opportunities that are presented by the few remaining parcels of undeveloped property. In some cases this may involve assisting the owners of such parcels with the marketing of their properties to prospective developers. 89