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Agenda Packets - 2025/06/02
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Agenda Packets - 2025/06/02
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6/3/2025 4:25:26 PM
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6/3/2025 4:02:07 PM
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MV Commission Documents
Commission Name
City Council
Commission Doc Type
Agenda Packets
MEETINGDATE
6/2/2025
Description
Work Session
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Vision: <br />CREATE AND MAINTAIN A POSITIVE BUSINESS CLIMATE WHERE BUSINESSES WANT TO LOCATE AND <br />REMAIN IN MOUNDS VIEW THROUGH A GOOD BR&E PROGRAM AND REDEVELOPMENT EFFORTS THAT <br />SUPPORT HEALTHY BUSINESS ECONOMIC DIVERSITY <br />Strategy: <br />Continue BR&E program, maximize utilization of development space and current list of available sites. <br />Start Value <br />Current Value <br />Target/End Value <br />$108,665 <br />$160,000 <br />$ <br />Goals <br />Start Value <br />Current Value <br />Target Value <br />Fill Vacant Space & Continue <br />$108,665 <br />Personnel costs <br />Personnel costs <br />BR&E Program <br />$108,665, <br />$118,445, & $1,635 <br />Advertising $1,500 <br />Advertising <br />Support Redevelopment & <br />Part of EDA Levy <br />$160,000 EDA Levy, <br />Operations $200,775 <br />Development Recruitment Efforts, <br />TIF Fees = $100,460 <br />— salary percentage <br />Increase the EDA levy to have <br />share drop in 2026, <br />funds available for <br />Grants = $15,000 <br />redevelopment projects, housing <br />Loans = $50,000 <br />rehabilitation, 1-4 units and <br />Property = $350,000, <br />commercial development and <br />Total = $615,775 <br />loan programs. (Council to <br />determine EDA levy increase as <br />part of overall budget discussions) <br />Continue supporting Tax <br />Increment Financing (TIF) as an <br />economic development tool <br />Research and/or create programs <br />to help maintain aging homes by <br />utilizing existing home <br />improvement loans <br />Research various programs and <br />potential housing solutions for <br />homeless <br />Maintain support for residents in <br />manufactured home parks <br />Consider ways to make Mounds <br />View more of a destination. <br />Example: Sports bars, Tree <br />lighting Ceremony, Mermaid, <br />Dunkin Donuts, Planet Fitness, <br />Easter Egg Hunt, etc. <br />Continue to research other types <br />of industries/businesses that we <br />13 <br />
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