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HomeMy WebLinkAbout04-19-2002 ECONOMIC DEVELOPMENT COMMISSION AGENDA April 19, 2002 7:30 A.M. MOUNDS VIEW CITY HALL - CITY COUNCIL CHAMBERS 1. CALL TO ORDER A.M. 2. ROLL CALL (Present = P, Absent = A) Belting Fox Field Helgemoe Johnson Open McDonald Backman (Saff)taff) Eri 3. APPROVE EDC MINUTES March 27, 2002 Motion: Second: Vote: 1111 4. SPECIAL BUSINESS No Special Business Scheduled 5. REPORT OF COMMISSIONERS, STAFF AND EDA LIAISON A. Report of Commissioners -No Materials Attached B. Report of EDA Liaison -No Materials Attached C. Chamber of Commerce Update -No Materials Attached D. Report of Staff 1. TIF Cash Flow Analysis 2. Manufactured Home Park Revitalization Activities 3. Mermaid Hotel & Banquet Center Project Update 4. Highway 10 Revitalization Public Meeting 6. EDC BUSINESS A. Review of EDC Bylaws B. Meetings with M.V. Businesses C. Business Prospects/Current Business List N:\DATA\GROUPS\ECONDEV\EDC\Agendas\Agenda02\4-19-02.doc D. Met Council Livable Community Grant Application Workshop E. Other • 7. ADJOURN at A.M. Next Regularly Scheduled Meeting: May 17, 2002 • • N:\DATA\GROUPS\ECONDE V\EDC\Agendas\Agenda02\4-19-02.doc ECONOMIC DEVELOPMENT COMMISSION AGENDA April 19, 2002 7:30 A.M. MOUNDS VIEW CITY HALL - CITY COUNCIL CHAMBERS 1. CALL TO ORDER 7 : 1 Cs A.M. 2. ROLL CALL (Present = P, Absent = A) Belting Fox Field Helgemoe McDonald Backman (Staff) Ericson (Staff) 3. APPROVE EDC MINUTES March 27, 2002 Motion: "Y-- Second: it'"'t ' Vote: " 4. SPECIAL BUSINESS No Special Business Scheduled 5. REPORT OF COMMISSIONERS, STAFF AND EDA LIAISON A. Report of Commissioners -No Materials Attached B. Report of EDA Liaison -No Materials Attached C. Chamber of Commerce Update -No Materials Attached D. Report of Staff 1. TIF Cash Flow Analysis 2. Manufactured Home Park Revitalization Activities 3. Mermaid Hotel & Banquet Center Project Update 4. Highway 10 Revitalization Public Meeting 6. EDC BUSINESS L - -- 6-i A. Review of EDC Bylaws rvi' i /, /- (1 4110 B. Meetings with M.V. Businesses "' 7""q I411 C. Business Prospects/Current Business List /11/ C:\TEMP\4-I 9-022.doc D. Met Council Livable Community Grant Application Workshop E. Other • 7. ADJOURN at A.M. Next Regularly Scheduled Meeting: May 17, 2002 I C:\TEMP\4-19-022.doc • Appr ©v d Minutes of the Economic Development Commission • City of Mounds View Ramsey County, Minnesota Regular Meeting March 27, 2002 City of Mounds View, Council Chambers 2401 Highway 10, Mounds View, MN 55112 1. CALL TO ORDER: The meeting was called to order at 7:38 a.m. by Chairperson Greg Belting. 2. ROLL CALL: Members Present: Dr. Greg Belting, Tom Field, Torri Johnson, and Dave Fox Member Absent: Stan McDonald, Jason Helgemoe Staff Present: Economic Development Coordinator Aaron Backman Ah•3'. APPROVAL OF EDC MINUTES: Motion/Second: Field moved and Johnson seconded the approval of the February 1, 2002 EDC minutes. Motion Carried: 4 Ayes 0 Nays 4. SPECIAL BUSINESS No Special Business Scheduled. 5. REPORT OF COMMISSIONERS, STAFF AND EDA LIAISON A. Commissioner Reports: There were no reports. B. Report of EDA Liaison: Backman reported that it was determined that Mr. Field needed to be formally re-appointed to the EDC. The EDA did approve his new term at its March 11, 2002 meeting. Mayor Rich Sonterre was notified of today's EDC meeting. C. NB-MV Chamber of Commerce Update: • Backman will be attending the New Brighton-Mounds View Chamber Board meeting this Thursday, March 28th at the Dalco Enterprises building in New Brighton. Field mentioned that the 4th Annual Chamber Golf Tournament will be held at Brightwood Hills Golf Course on May 16th The public and Chambers members are encouraged to participate. EDC Minutes March 27, 2002 A p p roved di Page 2 • D. Report of Staff: 1. Developer Payments for TIF Projects: Belting inquired as to who is responsible for calculating the Tax Increment Financing(TIF)payments to developers. Backman responded that historically the Economic Development Coordinator has calculated the payments and that the City's Finance Director has filled out the TIF reports that are submitted to the Office of State Auditor (OSA). Last year the E.D. Coordinator filled out the reports, which were incorrectly done. This year,the OSA reports are being completed by Ehlers&Associates in conjunction with the City's Finance Director. Backman indicated that there are revised payments for three projects: Silver Lake Pointe, Building N, and C.G. Hill. Backman reviewed with the EDC members the TIF spreadsheet calculations for C.G. Hill—past and current. Shelly Eldridge, Ehlers, Charlie Hansen, and Backman met with Everest Development on March 19th to discuss both C.G. Hill and Building N projects. Additional changes in the calculations have occurred because some land parcels were added to the TIF District after it was established (changing the applicable tax capacity rate). Tim Nelson, Everest Development will be talking with the Ramsey County Assessor's office to discuss the possibility of re-allocating the property valuations for Building N. Backman believes that it has been beneficial that Ehlers & Associates has been advising the City of Mounds View regarding TIF issues and payments. 2. I-35W Corridor Coalition Committee Activities: A meeting of the Economic Developing & Marketing Committee was held on March 12th in the Blaine City Hall. Backman stated that the I-35W Corridor Coalition has undertaken a labor force assessment. Prepared by DTED, • the report focuses on collecting and evaluating underemployment data. It is available to the Commission in hardcopy and CD ROM formats. 3. Mermaid Hotel & Banquet Center Project Update: Backman relayed that the $9.5 million Banquet and Hotel expansion at the Mermaid is about 90% completed. Documents pertaining to acquisition of the Cabot property have yet to be sent from Boston. However, with assurances from the City,the bank has released the remaining dollars for construction. Mr. Hall indicates that the plan is still to open the Americlnn Hotel by mid-April. 4. Highway 10 Revitalization Plan Update: The Highway 10 Revitalization Plan will be presented by URS, the Minneapolis consulting company, to the City Council on April 1St Backman mentioned that when plans become available he will provide them to the EDC members. He also highlighted an upcoming public meeting/open house at the Community Center. URS and the City will present and seek public comment on the Highway 10 Plan on Wednesday, April 24th at 6:00 p.m. 7. EDC BUSINESS A. Review of EDC Bylaws: Members indicated they had not had an opportunity to review the EDC Bylaws or consider any changes. Belting suggested moving this item to the April 19th EDC meeting. The members concurred. B. Meetings with Mounds View Businesses: Backman spoke of his priority to meet with the businesses in the community. He noted meetings with Midwest Motor Express, Vitran, Bio- Clean, Zep Manufacturing, and RAVE Sports. Backman brought the Commission up-to-date regarding the status of RAVE. The Company's administrative, distribution, sales, and R&D activities are located in Mounds View. Its manufacturing facility is located in Missouri. RAVE •EDC Minutes �� March 27, 2002 App (-0vecrr- Page 3 • Sports is considering relocating its production activities to a more suitable building closer to the Twin Cities. Backman will keep the Commission informed about developments. C. Business Prospects: Abbey Carpet, a floor covering business currently located in New Brighton, is having to move its showroom. The owner of the store, John Kopas, has been in business for 29 years and has been looking for a visible location for a 10,000 sq. ft. showroom/warehouse facility. Backman has provided Mr. Kopas information regarding sites along Highway 10. Backman also discussed Minuteman Press and a building products/service company prospect. D. TIF Cash Flow Analysis: Backman highlighted key points in a TIF cash flow analysis undertaken by Ehlers & Assoc. There is a projected deficit for 2002. Interfund borrowing will likely be necessary. The TIF Cash Flow information will be revised and presented to the City Council. E. Ehlers Public Finance Seminar Info: Backman discussed TIF information garnered from the Ehlers Seminar in February. He distributed to the members copies of the TIF fundamentals. Field requested that the EDC receive the minutes from EDA meetings. Backman indicated he would include the minutes. 8. ADJOURNMENT There being no further business before the Commission, Chair Belting adjourned the March 27th meeting of the Economic Development Commission at 9:02 a.m. • Respectfully submitted, 1. Aaron Backman Economic Development Coordinator N:\DATA\GROUPS\ECONDEV\EDC\Minutes\Min02\3-27-02.doc • Last Amended 12/18/97 02/16/01 Draft MOUNDS VIEW ECONOMIC DEVELOPMENT COMMISSION BYLAWS AUTHORITY: These Bylaws are established in accordance with City Ordinance 408.07, Subdivision 6. "The Commission shall adopt bylaws for its governance and for the transaction of its business." There shall be no conflict between the Bylaws of this Commission and the provisions of the City Charter and the Municipal Code. • II. MEETINGS. The regular meetings of the Commission shall be held on the fourth Thursday Third Friday of each month as established by resolution of the Economic Development Commission. Regular meetings may be changed,added or canceled by the chairperson or vice-chairperson. Special meetings may be added by the chairperson or vice-chairperson. A. The regular business meeting shall be for the purpose of making recommendations to the Economic Development Authority, herein EDA, conducting public hearings, drafting of reports, and for other discussion not requiring action (ie. vote) by the Commission. B. Meetings shall be conducted in accordance with State Open Meeting Laws. • 1 • Last Amended 12/18/97 02/16/01 Draft III. INFORMATIONAL PACKETS. Each commissioner shall receive an informational planning report for the items that are on the regular meeting agenda no later than the Friday preceding the regular meeting. Each commissioner is responsible for reviewing the material within the packet prior to the regular agenda meeting. IV. ATTENDANCE. Commission members shall advise the designated Staff member or chairperson of an anticipated absence from any regularly scheduled Economic Development Commission meeting. Any member attending less than eighty percent of the meetings per year without consent of the commission shall be deemed to have vacated the office, and • such vacancy shall be filled by the EDA pursuant the Chapter 408.06 of the Municipal Code. A leave of absence may be granted by the consent of the commission. V. PROFESSIONAL CONSULTANTS. Advice from, consultation with, and/or requests for review by the City Attorney, Bond Attorney, City Engineer, City Planning Agency, or other paid consultants shall be in accordance with the Municipal Code. VI. ADJOURNMENT. Meetings shall adjourn on or before 90 minutes from the time of call to order unless a two-thirds majority of the members present agree to extend the time of adjournment. • 2 Last Amended 12/18/97 02/16/01 Draft VII. MINUTES. Approved minutes shall be the official record of the Economic Development Commission. A. The minutes shall state: 1. The kind of meeting, whether regular business or special and the date, time and place. 2. Roll call of members present and whether absent members are excused or unexcused. 3. Corrections to and approval of the previous minutes and the vote taken. 4. Description of each item being discussed. 5. A motion and second is required for each action item and the • motion shall be recorded as accurately as possible. 6. The vote on each motion (ayes, nays, and abstentions), a statement of reasons for nay votes or abstentions, and whether motion carries or fails. 7. Specific concerns addressed to the chairperson for inclusion in the minutes. 8. Reports by members. 9. Time for adjournment. 10. Signature of the Staff designated member. B. All minutes shall be clearly marked to indicate either"APPROVED" or "UNAPPROVED". Each commissioner shall receive a copy of the previous regular business meeting minutes"UNAPPROVED". Approved copies may S 3 • Last Amended 12/18/97 02/16/01 Draft be obtained upon request. A copy of the approved minutes shall be filed with the EDA Executive Director. VIII. LIAISON TO EDA. In the event of the absence of the EDA ex-officio member,a commission member may be appointed by the chairperson to represent the Economic Development Commission at the next regular EDA meeting. IX. POTENTIAL CONFLICT OF INTEREST. When a potential conflict of interest may exist for commission member or members, the member(s) shall ask to be excused and step down • from the commission prior to discussion on that item. X. SUPPLEMENTARY PUBLICATIONS. All commission members shall receive a copy of the Municipal Code, Chapter 408, a copy of the 1986 Economic Development Plan, as well as other materials as provided by the EDA, Staff or other commission members. S4 CITY OF MOUNDS VIEW ECONOMIC DEVELOPMENT COMMISSION BYLAWS 1"P-4644 /ti 9/#01 AUTHORITY: These Bylaws are established in accordance v Subdivision 6. "The Commission shall adopt bylaws for it: transaction of its business." There shall be no conflict between the Bylaws of this Commission and the provisions of the City Charter and the Municipal Code. II. MEETINGS. The regular meetings of the Commission shall be held on the third Friday of each month as established by resolution of the Economic Development Commission. Regular meetings may be changed, added or canceled by the chairperson or vice- chairperson. Special meetings may be added by the chairperson or vice-chairperson. • A. The regular business meeting shall be for the purpose of making recommendations to the Economic Development Authority, herein EDA, conducting public hearings, drafting of reports, and for other discussion not requiring action (ie. vote) by the Commission. B. Meetings shall be conducted in accordance with State Open Meeting Laws. III. INFORMATIONAL PACKETS. Each commissioner shall receive an informational planning report for the items that are on the regular meeting agenda no later than the Friday preceding the regular meeting. Each commissioner is responsible for reviewing the material within the packet prior to the regular agenda meeting. IV. ATTENDANCE. Commission members shall advise the designated Staff member or chairperson of an anticipated absence from any regularly scheduled Economic Development Commission meeting. Any member attending less than eighty percent of the meetings per year without consent of the commission shall be deemed to have vacated the office, and • EDC Bylaws Approved March 9, 2001 such vacancy shall be filled by the EDA pursuant the Chapter 408.06 of the Municipal Code. A leave of absence may be granted by the consent of the commission. V. PROFESSIONAL CONSULTANTS. Advice from, consultation with, and/or requests for review by the City Attorney, Bond Attorney, City Engineer, City Planning Agency, or other paid consultants shall be in accordance with the Municipal Code. VI. ADJOURNMENT. Meetings shall adjourn on or before 90 minutes from the time of call to order unless a two-thirds majority of the members present agree to extend the time of adjournment. VII. MINUTES. Approved minutes shall be the official record of the Economic Development Commission. A. The minutes shall state: 1. The kind of meeting,whether regular business or special and the date, time and place. • 2. Roll call of members present and whether absent members are excused or unexcused. 3. Corrections to and approval of the previous minutes and the vote taken. 4. Description of each item being discussed. 5. A motion and second is required for each action item and the motion shall be recorded as accurately as possible. 6. The vote on each motion (ayes, nays, and abstentions), a statement of reasons for nay votes or abstentions, and whether motion carries or fails. 7. Specific concerns addressed to the chairperson for inclusion in the minutes. 8. Reports by members. 9. Time for adjournment. 10. Signature of the Staff designated member. B. All minutes shall be clearly marked to indicate either"APPROVED" or • "UNAPPROVED". Each commissioner shall receive a copy of the previous regular business meeting minutes "UNAPPROVED". Approved copies may be obtained 2 EDC Bylaws Approved March 9, 2001 • upon request. A copy of the approved minutes shall be filed with the EDA Executive Director. VIII. LIAISON TO EDA. In the event of the absence of the EDA ex-officio member,a commission member may be appointed by the chairperson to represent the Economic Development Commission at the next regular EDA meeting. IX. POTENTIAL CONFLICT OF INTEREST. When a potential conflict of interest may exist for commission member or members, the member(s) shall ask to be excused and step down from the commission prior to discussion on that item. X. SUPPLEMENTARY PUBLICATIONS. All commission members shall receive a copy of the Municipal Code, Chapter 408, as well as other materials as provided by the EDA, Staff or other commission members. • • 3 Apprcwced Minutes of the Economic Development Commission City of Mounds View Ramsey County, Minnesota Regular Meeting April 19, 2002 City of Mounds View, Council Chambers 2401 Highway 10, Mounds View, MN 55112 1. CALL TO ORDER: Chairperson Greg Belting called the meeting to order at 7:35 a.m. 2. ROLL CALL: Members Present: Dr. Greg Belting, Tom Field, Dave Fox, Jason Helgemoe, Torn Johnson, and Stan McDonald Members Absent: None Staff Present: Economic Development Coordinator Aaron Backman Others Present: EDA Liaison Rich Sonterre 3. APPROVAL OF EDC MINUTES: Motion/Second: McDonald moved and Johnson seconded the approval of the March 27, 2002 EDC minutes. Motion Carried: 6 Ayes 0 Nays 4. SPECIAL BUSINESS No Special Business Scheduled. 5. REPORT OF COMMISSIONERS, STAFF AND EDA LIAISON A. Commissioner Reports: There were no reports. B. Report of EDA Liaison: Mayor Rich Sonterre spoke on behalf of the EDA and City Council. He indicated that not enough attention has been given to development issues in the past. The City Council is anxious to get back to the business of the city, including reviewing the Comprehensive Plan, considering new development opportunities, and accomplishing other goals. C. NB-MV Chamber of Commerce Update: Backman reviewed the ongoing challenges with the Chamber—declining membership(currently there are 116 paid members,at one time there were over 160), operational debt and no financial reserves, and reduced member participation in committees. He noted that consolidations of EDC Minutes � O O C'Oo ��� April 19, 2002 Lip Page 2 chambers are happening both regionally and nationally. At the March 28th Board meeting, four options were considered: Status quo (no change); cease operations or disband; reorganization (reduce overhead); and merge with another chamber. A survey of chamber members revealed that none selected options one and two, 14 selected option three (reorganization), and 28 selected option four(merge). In looking at merger candidates, the Chamber Board is considering three: Southern Anoka (Spring Lake Park, Fridley, and Columbia Heights), Metro North (Coon Rapids and Blaine),and St. Paul Area (inc. St. Paul, Roseville, Maplewood,White Bear Lake, Little Canada, Shoreview, Vadnais Heights, North Oaks, etc.). Joint meetings with Board members were held on 4/11 (St. Paul), 4/12 (So. Anoka), and 4/15 (Metro No.). Backman attended the latter two. All three have strengths and are interested in the merger. Jim Witkowski, NB-MV President,prepared a merger matrix that compared the three chambers in terms of members,financial, programmatic activity, committee activity, member activity, fundraising, public policy, board, staff, and gaming experience. St. Paul Area has 2,200, Southern Anoka has 341, and Metro North has 774 members. The NB-MV Chamber Board will consider the merger options at its April 25th meeting at the Pratt Ordway Building. Mayor Sonterre spoke positively about the North Metro Chamber and has attended several of their events. North Metro is politically well-connected and reaches out to all levels of government. It has organized luncheons with major speakers,including Gov.Ventura,that are of interest to the membership. Field mentioned that the 4th Annual Chamber Golf Tournament will be held at Brightwood Hills Golf Course on May 16th. The public and Chambers members are encouraged to participate. D. Report of Staff: 1. TIF Cash Flow Analysis: Backman reviewed a memo recently prepared by Shelly Eldridge, Ehlers & Assoc., that will be presented to the City Council on Monday, April 22nd. The purpose of the cash flow analysis is to provide the City of Mounds View a picture of the financial health of the Tax Increment Financing (TIF)districts, as well as opportunities and options to consider. Backman noted that there are three active TIF districts in the City. All three were created before 1990 when the state placed more restrictions on new TIF districts. In 2001 legislative changes regarding property taxes had a major impact on revenues. It is projected that there will be a 35% reduction in increment available for Pay 2002. The increment for District 1,for example, is projected to fall from $1.5 million to$1.0 million. The increment is used to pay a$1.1 million bond payment. Hence,a cash flow problem for 2002. Fortunately that bond is paid off in 2003 and the cash flow situation improves. Backman discussed the three primary obligations for the districts: 1) paying off the 1994, 1996A& B bonds, 2) the annual EDA operational budget, and 3) various developer payments for TIF projects. In the files e-mailed to the Commissioners were cash flows for each district and an overall summary of all three districts by year, as well as the cumulative effect of the obligations and revenue projections. Due to the class rate compression that decreased the increment revenues, it is projected that there will be a $222,000 deficit in 2002. This will require interfund borrowing,that is a loan from an EDA or other City fund. Shelly will make a presentation at the City Council meeting on Monday night. Backman also pointed out that increment may have to go back to Ramsey County as early as 2005/6 unless another significant development project occurs that requires increment. Johnson inquired about the developer payments situation. Backman indicated that discussions continue. Everest met with John Evans, Co. Appraiser, seeking to reallocate the building valuation. Ramsey County agreed to place 39% on the north parcel and 61% on the south parcel. The total valuation remains the same and only applies to the future (Pay 2003). EDC Minutes April 19, 2002 Approvad Page 3 2. Manufactured Home Park Revitalization Activities: Last year the City was able to garner a CDBG grant through Ramsey County to improve the home units at Mounds View Mobile Home Park. The voluntary program has two elements to it—an acquisition program to purchase and demolish substandard manufactured homes and a rehabilitation program to upgrade existing units to eliminate health and safety violations. The manufacturing program slowed down in late 2001. Subsequent to the awarding of the grant, Ramsey County required that a survey be done of the park residents. In addition to the survey,staff turnover occurred. To the move the process forward, Backman encouraged a meeting of all the parties to be held at the MV MHP main office. Representatives from Ramsey County, Durand & Assoc. (property mgmt. company), and the City met on April 10th. Five expectations/steps were agreed to: 1) Ramsey Co. wants to move forward with the project and wants to see a commitment on the part of the park owner to invest in needed infrastructure (eg. $300K+for water line replacements). 2) Ramsey Co. will write a letter to the City delineating its expectations. A copy will go to Durand & Associates. 3) Perry Hansen from Durand will contact the park owners regarding the commitment,timelines,etc. 4)Tom Hipps,the new park manager, and Backman will draft a letter inviting all residents to a meeting at City Hall or the Community Center to discuss the program. The goal is to hold the meeting before Memorial Day. 5) Ramsey Co.will check on the feasibility of an interest buydown program as an added option to encourage new units. A reduction of 1 to 3% in loans rates would stimulate new manufactured units in the park. Sonterre inquired if there were studies showing if people maintained manufactured units. Backman responded that the condition of units reflected the management policies of parks and other factors. Some households view the units as intermediate housing options,whereas others view it as a long term choice. McDonald asked about the resale value of manufactured homes. Backman stated that the market is different than regular detached homes. In general, manufactured homes do decline in value over time. However, well-maintained units can hold their value. McDonald added that a rehab program may encourage other households to upgrade their units as well. 3. Mermaid Hotel & Banquet Center Project Update: Backman reported that the Americlnn Hotel portion of the complex started taking guests on April 6th. A Grand Opening with black tie casino gaming occurs tonight and members are welcome to attend. Fox mentioned that now that the facility was open that it would be good if somebody could clean up construction materials that have blown across County Road H toward Rice Creek. Backman will relay the concern to Mr. Hall. 4. Highway 10 Revitalization Public Meeting: Earlier in the week Backman dropped off a copy of the schematic plan for redeveloping Highway 10 to each member. Backman briefly reviewed the plan discussing some specific pages, such as the H2 intersection and the adjacent redevelopment opportunities. Sonterre mentioned that the Long Lake Road redevelopment site could open up an area (3 1/2 acres)to the east of Gas&Splash that the City owns along Highway 10. The Highway 10 Revitalization Plan will be presented by URS and the City at a Public Meeting on April 24th at 6:00 p.m. in the M.V. Community Center. 7. EDC BUSINESS A. Review of EDC Bylaws: Members considered the Commission's Bylaws. Chair Belting noted that the Commission did review the Bylaws last year and adopted two changes at that time. The most notable change was moving the regular meeting date for the EDC. Johnson moved to amend Section III Informational Packets. The present language in the first sentence states that EDC Minutes April 19, 2002 A p n>r© v di Page 4 the informational packet being received by the Commission members be provided on the Friday before the EDC's regular meeting date(the 3rd Friday of each month). Johnson suggested giving Backman additional time to complete the packets and moved to substitute the word Tuesday for Friday. The motion was seconded by Field. The amendment to the Bylaws was passed 6 to 0. No additional amendments were proposed. McDonald moved to approve the amended EDC Bylaws. The motion was seconded by Johnson. The Commission approved the Bylaws as amended 6 to 0. At this point,Chair Belting excused himself and turned the meeting over to Vice Chair Johnson. B. Meetings with Mounds View Businesses: Backman noted meetings with Glacier Machinery Sales and TitleSource, Ltd. He also spoke with Tony Mezzinga regarding his new office building on County Road I. He indicated that it was recently sold to Morningside Mortgage. C. Business Prospects/Current Business List: Backman discussed the Mounds View business list that he recently updated. He noted the list has some limitations. For example, a number of the home businesses still need to be verified and he eliminated some subsidiaries to limit duplication of addresses. He also distributed a top ten list of major employers in Mounds View comparing 1994 and 2002. At this point Mayor Sonterre excused himself to attend another meeting. McDonald asked if it would be possible to provide information regarding the type of business. Backman responded that he has SIC code information for some of the businesses, but it would take more time to gather it for all. Backman also discussed Minuteman Press and a building products/service company prospect. D. Met Council Livable Community Grant Application Workshop: Backman attended a workshop April 17`h in Maplewood regarding Opportunity Grants. The Metropolitan Council administers two types of grants from its Livable Communities Fund. The Opportunity Grants fund early planning or predevelopment costs to develop project-specific and site-specific land use plans. A total of $500,000 is available this fiscal year. Last year 10 applications were funded. Backman is intending to work with Jim Atkinson in the office to submit an application to the Met Council. E. Other: Backman updated members regarding prospects. Building I is still on the list with CRESA Partners. No decision has been made by CRESA's prospect. Action is expected in 60 days. Backman continues to interact with Colliers Towle regarding the site south of 10 (across from Multi-Tech). Backman supplied Greg McDonald with ownership and PID information and they were pleased with the information. Colliers also provided information regarding a prospect that wants 4,000 sq. ft. of office space. Aside from renovating the old Perkins site, we have limited options for existing office space along Highway 10. 8. ADJOURNMENT There being no further business before the Commission, the April 19th meeting of the Economic Development Commission adjourned at 8:50 a.m. Respectfully submitted, 47a/tea, g, Aaron A. Backman Economic Development Coordinator N:\DATA\GROUPS\ECONDEV\EDC\Minutes\Min02\4-19-02.doc