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City of Mounds View Comprehensive Plan <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 /> ! 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 /> X Prepare and periodically update an inventory of undeveloped land, <br /> X List undeveloped parcels on the City web site with the knowledge and consent of <br /> their owners/agent, <br /> X Acquire and/or clear underdeveloped sites suitable for new construction, <br /> X Focus development efforts on businesses suitable for smaller lots,and investigate the <br /> possibility of combining adjoining lots to accommodate larger businesses. <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 /> X Wait for the market to catch up with currently excessive asking prices and <br /> X Investigate options that might reduce those prices (offering relocation assistance, <br /> etc.). <br /> ! In cases involving actual or perceived neighborhood opposition to commercial development <br /> of certain types in certain areas, <br /> X Survey nearby residents to determine their preferences and/or <br /> X Arrange neighborhood meetings or public hearings in connection with proposed <br /> commercial development(s). <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 /> X Arrange meetings with the owners, <br /> X Provide current information to them regarding the potential market value of their <br /> properties, <br /> X Develop or refine City relocation policies, or <br /> X Consider the use of eminent domain only as a last resort. <br /> 93 <br />