02-15-2019 EDC - Laserfiche WebLink

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EDC Minutes February 15, 2019 Page 3 of 4 MWF Developers Beeman informed the Commission that MWF Properties is a little behind schedule due to the snow but they continue to progress by the week. Construction is expected to be completed by the end of 2019. The Triton (Skyline Motel) Beeman informed the commission that the EDA is expecting to close on the property around May 1, 2019. In the meantime, Beeman has been meeting with developers to explain the variety of options available at the site. Once the EDA takes possession, the Police Dept. has requested using it for training then having the Fire Dept. use it as training in a controlled burn. Staff will start target marketing to developers once the EDA has official control of the site. Ridgewood Apartments Beeman showed the EDC a series of before and after pictures of the apartment units being rehabilitated by a Twin Cities investor who has purchased two Mounds View apartment buildings a block from City Hall and is rehabilitating units as tenants move out and releasing them at a higher price. The investor is putting an average of $10,000 into each unit and he is looking to purchase more class c apartments in the area. The EDC appreciated the updates. Other Upcoming Events/Reports Beeman informed the EDC that City offices will be closed Monday February 18, 2019 in observance of Presidents Day. Beeman also reminded the Commission that nominations for Citizen of the Year are due Friday, March 22, 2019. The Town Hall meeting will be held at City Hall Monday, April 15, 2019 from 6:00 p.m. to 8:30 p.m. The Festival in the Park will be moved to Silver View Park this year to allow more opportunities to expand the Festival which will be held August 17, 2019. 8. REPORTS OF COMMISSIONERS Commissioner Muckala raised concern of the high speeds from vehicles traversing along Mounds View Boulevard. She suggested the City continue to keep pressure on the County to encourage them to lower the speed limit along the corridor. 9. NEXT REGULAR EDC MEETING Chair Farmer reminded the Commissioners that the next EDC meeting will be held March 15, 2019 as needed. The Commissions discussed the need to meet and decided that all meetings will be as-needed until the required November meeting. Beeman will coordinate a speaker at an upcoming meeting. Commissioner Freichels s suggested that someone update the EDC on the MNPASS lane construction project. The Commissioners also agreed that they are open to Beeman bringing in more speakers to present to the EDC with topics pertaining to business matters.