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Item No : 7C <br /> M0U--NDS VIEW Meeting Date: September SI 2025 <br /> ESS <br /> Type of Business: EDA BUSINESS <br /> Administrator Review <br /> ON of Mounds View Staff Report <br /> To: Economic Development Authority <br /> From: Brian Beeman, Assistant City Administrator <br /> Item Title/Subject: Redevelopment Update for 2840 Mounds View Boulevard & 7861 <br /> Groveland Rd <br /> Background <br /> The City of Mounds View Economic Development Authority (EDA) owns a .41 Acre parcel at 7861 <br /> Groveland Rd. The EDA is cooperating with the owner of the adjacent corner lot at 2840 Mounds View <br /> Boulevard, a .59-acre lot in order to create a large redevelopment. <br /> The current zoning for both parcels is B-3 allowing commercial development. The builder Dering Pierson <br /> Group will be present to provide an update on the redevelopment. <br /> Discussion <br /> The builder will be available to answer any questions of the EDA. <br /> Strategic Plan Strategy/Goal <br /> Maintain a positive business climate where businesses want to locate and remain in Mounds View. <br /> Finance top redevelopment areas Industrial/Commercial/Residential. <br /> Financial Impact <br /> None <br /> Recommendation <br /> Staff recommends that the EDA hear the update from the Dering Pierson Group and ask any questions <br /> as appropriate. <br /> Respectfully submitted, <br /> Av&wv- <br /> Brian Beeman, Assistant City Administrator <br /> Attachment(s): <br /> 1.None <br />