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HomeMy WebLinkAbout05-26-2009 CITY OF MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY MEETING AGENDA MOUNDS VIEW CITY HALL Tuesday, May 26 2009 6:00 PM 1. CALL TO ORDER 2. ROLL CALL: President Flaherty, Vice President Stigney, Commissioner Hull, Commissioner Mueller, Commissioner Gunn 3. APPROVAL OF AGENDA 4. PUBLIC INPUT: Citizens may speak to issues not on tonight’s agenda. Before speaking, please give your full name and address for the minutes. Also, please limit your comments to three minutes. 5. APPROVAL OF MINUTES: A. April 27, 2009, EDA Minutes. B. May 11, 2009, EDA Minutes. 6. CONSENT AGENDA 7. EDA BUSINESS A. Continued Review of Possible City Taglines B. Discuss Business Improvement Partnership Loan Program 8. REPORTS 9. NEXT EDA MEETING: Monday, June 8, 2009 at 6:30 p.m. 10. ADJOURNMENT Corrections made by Clerk-Administrator Ericson and Community Development Director Roberts PROCEEDINGS OF THE MOUNDS VIEW EDA 1 CITY OF MOUNDS VIEW 2 RAMSEY COUNTY, MINNESOTA 3 4 Regular Meeting 5 April 27, 2009 6 Mounds View City Hall 7 2401 Highway 10, Mounds View, MN 55112 8 6:34 P.M. 9 10 11 1. CALL MEETING TO ORDER 12 13 2. ROLL CALL: President Flaherty, Vice President Stigney, Commissioner Hull, 14 Commissioner Mueller, Executive Director Ericson, Community Development Director 15 Roberts, and Economic Development Specialist Steinmetz. 16 17 NOT PRESENT: Commissioner Gunn 18 19 3. APPROVAL OF AGENDA 20 21 MOTION/SECOND: Mueller/Hull. To Approve the April 27, 2009, Agenda as presented. 22 23 Ayes – 4 Nays – 0 Motion carried. 24 25 4. PUBLIC INPUT 26 27 None. 28 29 5. APPROVAL OF MINUTES 30 31 None. 32 33 6. CONSENT AGENDA 34 35 None. 36 37 7. EDA BUSINESS 38 A. Consider a Request from the Homeowner of 2949 Highway 10 for the EDA to 39 Acquire the Property for Redevelopment Purposes. 40 41 Economic Development Specialist Steinmetz presented the request of Mark Schnor to purchase 42 his .26-acre property at 2949 Highway 10 for redevelopment purposes. She reviewed the 43 surrounding property uses and advised that this property is on the EDA’s property acquisition 44 Mounds View EDA April 27, 2009 Regular Meeting Page 2 list. The zoning of this site is Single Family but surrounding properties are a mix of Medium 45 Density Residential, Limited Business, and High Density Residential. The future land use of this 46 property is Mixed Use PUD. She noted the Council’s #2 goal is the redevelopment of the 47 County Road 10 corridor and a plan prepared by Bonestroo notes addresses that each opportunity 48 should be considered to further redevelopment along the corridor. 49 50 Mark Schnor, 2949 Highway 10, stated they had not planned to move but because of his wife’s 51 health problems, they are having difficulty living on a fixed income. He stated if they can 52 eliminate the mortgage payment with a City buyout, he would be able to meet medical and living 53 expenses and the house would not sit empty. Mr. Schnor stated he would return the buyout 54 money to the City at whatever interest rate the City believes is fair. 55 56 Duane Waldoch, 2935 Highway 10, stated he lives next door and supports Mr. Schnor’s request. 57 He stated he does not know what his own property is worth but is also willing to consider 58 reasonable offers for the purchase of his property. 59 60 Commissioner Hull asked about the corner lot owned by the State of Minnesota. Executive 61 Director Ericson stated it is a storm water management pond and cannot be developed. 62 63 Economic Development Specialist Steinmetz asked if the two State-owned parcels could handle 64 more storm water should higher density development occur on adjacent sites. Executive Director 65 Ericson stated that is a possibility. 66 67 President Flaherty stated the EDA’s job is to open discussion and look at options. He stated he is 68 intrigued with the option of paying off the mortgage at an interest rate, which may be considered 69 an investment since there would be a rate of return. President Flaherty expressed caution about 70 setting a precedent and noted there are other programs that could offer assistance to the Schnors. 71 72 Economic Development Specialist Steinmetz stated her understanding that Mr. Schnor has 73 researched all other assistance programs. In addition, Mr. and Ms. Schnor were interested in 74 rental options but most programs require the occupant to be in a wheelchair so they do not meet 75 that qualification. 76 77 Commissioner Mueller asked if it would be a rental program if the EDA bought the mortgage 78 and the resident remained in the dwelling. Mr. Schnor stated he is unsure how it would be 79 arranged but he would be willing to return the payoff to the City and pay interest. 80 81 Commissioner Mueller asked how long he had lived on the property. Mr. Schnor stated he has 82 lived 12 years in this house and 7 years in the neighboring house. He stated he has a credit rating 83 of 808, which means he has not missed payments. However, his income is no longer high 84 enough to support that rating. They are currently on the assistance program for Xcel Energy 85 Excel and telephone service. 86 Mounds View EDA April 27, 2009 Regular Meeting Page 3 87 Mr. Schnor stated most Realtors were not interested in his property because of the PUD zoning 88 and it is currently listed with Eagle Realty. He believed his property would be difficult to sell as 89 it is the only single family residential home left in that section and there is heavy traffic on 90 Highway 10. 91 92 Commissioner Hull asked if buying the house and renting it to the Schnors is an option. 93 Economic Development Specialist Steinmetz stated she is unsure whether it would work since 94 the rent amount would probably be higher than what Mr. Schnor is currently paying as a 95 mortgage payment. She noted that if the City owns the property, it would go off the tax rolls but 96 a development package would be easier to assemble if City owned. 97 98 Vice President Stigney stated the EDA needs to consider all options including whether there is a 99 development opportunity for this property. He stated there are a lot of foreclosures in Mounds 100 View so he would be reluctant to consider the option being discussed. Vice President Stigney 101 noted that in the past the City bought some properties and rented them out but the results were 102 not successful. 103 104 Mr. Schnor stated his belief it would be dangerous to put a family with children into his house 105 because of the traffic on Highway 10. He stated he is able to pay his taxes and insurance and 106 maintain the house. However, if the house sits empty, the City would have to pay someone to 107 keep it up. 108 109 President Flaherty asked staff to research the options, finances, and determine potential 110 development. 111 112 8. REPORTS 113 114 None. 115 116 9. NEXT EDA MEETING: Monday, May 11, 2009, at 6:30 p.m. 117 118 10. ADJOURNMENT 119 120 President Flaherty adjourned the meeting at 7:04 p.m. 121 122 Respectfully submitted, 123 124 125 Recorded and transcribed by: 126 Carla Wirth 127 TimeSaver Off Site Secretarial, Inc. 128 Corrections made by Clerk-Administrator Ericson and Community Development Director Roberts PROCEEDINGS OF THE MOUNDS VIEW EDA 1 CITY OF MOUNDS VIEW 2 RAMSEY COUNTY, MINNESOTA 3 4 Regular Meeting 5 May 11, 2009 6 Mounds View City Hall 7 2401 Highway 10, Mounds View, MN 55112 8 6:33 P.M. 9 10 11 1. CALL MEETING TO ORDER 12 13 2. ROLL CALL: President Flaherty, Vice President Stigney, Commissioner Hull, 14 Commissioner Mueller, Commissioner Gunn, Executive Director Ericson, Community 15 Development Director Roberts, and Economic Development Specialist Steinmetz. 16 17 NOT PRESENT: None. 18 19 3. APPROVAL OF AGENDA 20 21 MOTION/SECOND: Mueller/Gunn. To Approve the May 11, 2009, Agenda as presented. 22 23 Ayes – 5 Nays – 0 Motion carried. 24 25 4. PUBLIC INPUT 26 27 None. 28 29 5. APPROVAL OF MINUTES 30 A. April 13, 2009, EDA Minutes. 31 32 Vice President Stigney requested a correction to Page 4, Line 163, to indicate: “Vice President 33 Stigney asked if The Mermaid will go bankrupt unless no TIF payment is made on the hotel 34 parcel.” 35 36 MOTION/SECOND: Gunn/Mueller. To Approve the April 13, 2009, Minutes as corrected. 37 38 Ayes – 5 Nays – 0 Motion carried. 39 40 6. CONSENT AGENDA 41 42 None. 43 44 Mounds View EDA May 11, 2009 Regular Meeting Page 2 45 7. EDA BUSINESS 46 A. Review City Tagline Options 47 48 Economic Development Specialist Steinmetz noted the City’s current tagline, “Pride Progress 49 and Partnerships” has been used for the past 18 years. The resident survey indicated that most 50 residents have mixed feelings about the current tagline and it did not mean anything to them. 51 However, 80% of the business community felt the current tagline represented their mission in the 52 City. Economic Development Specialist Steinmetz presented taglines developed by staff and 53 asked the EDA to provide direction whether any describe Mounds View today and going 54 forward, whether two taglines are needed (one for residents and another for businesses), or if a 55 tagline is needed at all. 56 57 Patrick Bettenburg, Risdall Marketing Group, explained that finding a tagline is a creative 58 process and sometimes it is difficult to reach consensus on one that is the most reflective of who 59 the City feels they are today and will grow into the future. He commented on several of the 60 taglines and how they reflect on Mounds View, its residents, and business community. 61 62 The EDA discussed the taglines, noting that “Two Words One Community” would identify that 63 Mounds View is spelled with two words and “One Community” infers Mounds View is a united 64 and close community. 65 66 President Flaherty supported a tagline with few words like “It’s Where You Want To Be” or 67 “Discover for Yourself.” 68 69 Mr. Bettenburg explained that the original list of taglines was developed to incorporate learnings 70 from the brand process, values connected in the survey by citizens, information from qualitative 71 survey, and clever phrases to help describe Mounds View. 72 73 Vice President Stigney stated the names of other cities have two words so a tagline with “Two 74 Words” would not be unique to Mounds View. He suggested identifying five words that 75 describe Mounds View and then pare it down into something meaningful. 76 77 President Flaherty felt none of the taglines were distinctive enough. 78 79 Commissioner Gunn noted the tagline would be used with the new “Mounds View” logo. She 80 felt the tagline “Close Enough Far Enough.” identified Mounds View because it tied in the 81 business and residential communities as well as the school and Highway 10, which provided the 82 route to be “Close Enough.” 83 84 Commissioner Mueller stated she understands the vision of a tagline but prefers the suggestion 85 by Vice President Stigney to find something unique to Mounds View. She stated she likes “Two 86 Mounds View EDA May 11, 2009 Regular Meeting Page 3 Words One Community” but agrees with Vice President Stigney that other cities are also two 87 words. She noted that just over 80% of the City’s businesses like the current tagline “Pride 88 Progress and Partnerships” and she wondered if residents may favor that tagline once the street 89 projects are completed, denoting progress is being made and pride in their community. 90 Commissioner Mueller stated she remains open to suggestions. 91 92 Executive Director Ericson stated the tagline of “Two Words One Community” may be unique to 93 Mounds View because not many cities have gone to the length that Mounds View has 94 experienced to ensure that its name is written as two words. He noted that in the past, the City’s 95 name had been spelled as one word. Executive Director Ericson noted Risdall’s suggestion to 96 incorporate resident’s input from the survey by using words like “close, convenient, connected, 97 and caring.” 98 99 Economic Development Specialist Steinmetz stated an additional tagline suggested by staff was 100 to use the name of the newsletter: “Mounds View Matters.” She suggested the EDA take this 101 matter under advisement and discuss it again at its next meeting. 102 103 Commissioner Hull stated he likes the tagline “Two Words One Community” and noted there is 104 no confusion with other cities whether the name is written as two words. He stated he remains 105 open to suggestions. 106 107 Vice President Stigney again stated his preference to find a tagline that is unique to Mounds 108 View and suggested the EDA consider whether the tagline is intended for current residents, to 109 attract new residents and businesses, and/or identify the direction Mounds View is moving. 110 111 President Flaherty agreed the tagline target needs to be identified. Mr. Bettenburg stated ideally 112 the tagline is an all-encompassing emotion yet an outward expression of who Mounds View is. 113 He stated the tagline has to have meaning to its residents yet portray who Mounds View is to 114 those who are not familiar. 115 116 Consensus was reached to create one tagline and the following were added: “Two Words One 117 Community,” “Community Matters,” “Make it Mounds View,” and “See for Yourself.” This 118 item was postponed to the May 26, 2009, EDA meeting and resident input was welcomed. 119 120 8. REPORTS 121 A. Update – City Communications / Marketing Plan. 122 123 Economic Development Specialist Steinmetz advised that Mr. Bettenburg would be presenting 124 the Marketing Plan to the EDA on May 26, 2009. 125 126 127 128 Mounds View EDA May 11, 2009 Regular Meeting Page 4 129 B. Business Improvement Partnership Loan Program Inquiry. 130 131 Economic Development Specialist Steinmetz advised staff received an inquiry about the City’s 132 Business Improvement Partnership Loan Program, which is designed to assist existing businesses 133 of two years to make improvements. The inquiry is from a new business so staff advised them 134 that they do not meet the Program requirements of two years. The new business asked if the 135 EDA would waive that criteria since Mounds View does not currently have a dental office. The 136 dental office has a purchase agreement in the Mounds View Center Suites for about 1,500 square 137 feet that needs a significant investment to build out the space and buy equipment. The dental 138 office would provide three initial full-time jobs and several more over the next three to five 139 years. The space would be purchased for $183,000 and the buildout would cost $120,000 plus 140 equipment purchases. 141 142 Commissioner Mueller asked why the loan criteria is for a two-year business. Executive Director 143 Ericson explained it was the original intent of the loan program to provide incentive for existing 144 businesses to renovate and improve its facilities. Since the City created the program 15-20 years 145 ago and since it has experienced very little usage, the EDA could ask if the purpose of the 146 program should be reconsidered since Mounds View is now a fully developed city, for the most 147 part. 148 149 Vice President Stigney stated the request is from a new business and if they cannot afford to buy 150 the space perhaps it could be leased. He felt that part of being a dentist is the buildout and 151 purchase of equipment and the City’s Program should stay as it is designed, to improve upon 152 existing properties. Vice President Stigney cautioned about setting a precedent and stated if the 153 Program is not being used, maybe it should be advertised more. 154 155 Commissioner Hull stated it is time to “think outside the box” and he would favorably consider 156 this request. 157 158 Economic Development Specialist Steinmetz stated the Program provides a loan up to $25,000 159 and the EDA may want to be in first position on the loan, or require a security. 160 161 Commissioner Gunn noted this is an improvement to an existing building/business and she 162 thinks the City should try to attract businesses. Commissioner Gunn noted the City has been 163 trying to get dental and medical practices in Mounds View and she would consider the request. 164 165 Commissioner Mueller stated that portions of the building are vacant and a dental office would 166 be a good fit. However, she understands Vice President Stigney’s word of caution that it could 167 open the Program to other businesses. She stated she would like additional information about the 168 applicant and whether lease-to-buy is an option if they do not have financing to purchase the 169 space. 170 Mounds View EDA May 11, 2009 Regular Meeting Page 5 171 President Flaherty stated a Program is in place and each request can be considered on its own 172 merit. He suggested the current building owner could request funding through the program to 173 install the floor so it meets the Program criteria. President Flaherty stated it may be time to 174 relook at the Program and asked staff to see if something can be worked out with the current 175 building owner. 176 177 Economic Development Specialist Steinmetz stated Silverview Chiropractic has been in Mounds 178 View for about 19 years. 179 180 Executive Director Ericson noted if the application is from Silverview Chiropractic instead of the 181 new dental business, the end result remains the same and he questioned whether Silverview 182 Chiropractic would want to be obligated for another $50,000 when they want to sell the space. 183 184 Vice President Stigney stated he does not support using City money to help this business and 185 suggested staff look at job grants and other funding opportunities. 186 187 Majority EDA consensus was reached that it would be willing to look at the application. 188 189 C. Update – Property Owner (2949 Highway 10) Acquisition Request. 190 191 Economic Development Specialist Steinmetz reviewed the request of Mark Schnor to purchase 192 his .26-acre property at 2949 Highway 10 for redevelopment purposes. She advised that a 193 developer is interested in constructing rental townhomes on that property and four adjacent 194 properties. Economic Development Specialist Steinmetz asked whether the EDA would support 195 townhomes on these five properties. 196 197 Community Development Roberts stated the parcels would require rezoning if used as 198 townhomes. If the EDA is not interested in townhomes, staff would inform the developer of that 199 stance. 200 201 The EDA discussed the potential townhome development. Vice President Stigney stated 202 residents felt that Mounds View had enough rental property so he does not support the proposal. 203 Commissioner Gun agreed the purpose of rezoning was to keep housing off Highway 10. 204 President Flaherty felt the City wanted more of a B2 or B3 use along Highway 10 rather than 205 housing. 206 207 Executive Director Ericson added that the intent was not to completely redevelop to a business 208 corridor, but that there would be some housing. The Comprehensive Plan identifies the corridor 209 as mixed use with a housing component. He noted there may be residential opposition to a 210 commercial development on this site and there has been a transition with a higher number of the 211 population choosing to rent rather than buy. 212 Mounds View EDA May 11, 2009 Regular Meeting Page 6 213 Vice President Stigney stated he is not strongly opposed to owner-occupied townhomes. 214 215 Executive Director Ericson stated Finance Director Beer had advised that acquiring Mr. Schnor’s 216 property as an investment would not be a good investment for a number of reasons. 217 218 Consensus was reached that owner-occupied townhomes or a 55 and older co-op community 219 would be more favorably considered than rental townhomes. 220 221 D. Update – Select Senior Living Project. 222 223 Economic Development Specialist Steinmetz reported that Select Senior Living, the 95-unit 224 senior housing project approved last year, has been delayed due to financing problems. 225 226 9. NEXT EDA MEETING: Tuesday, May 26, 2009, at 6:30 p.m. 227 228 10. ADJOURNMENT 229 230 President Flaherty adjourned the meeting at 7:03 p.m. 231 232 Respectfully submitted, 233 234 235 Recorded and transcribed by: 236 Carla Wirth 237 TimeSaver Off Site Secretarial, Inc. 238 Item Number: 7A Meeting Date: May 26, 2009 Type of Business: EDA Administrator Review: _____ City of Mounds View Staff Report To: Economic Development Authority From: Heidi Steinmetz, Economic Development Specialist Item Title/Subject: Continued Review of Possible City Taglines Background As part of the Mounds View Branding Project, the EDA reviewed the below list on May 11, 2009 of possible new taglines for the City. The list is a compilation of taglines prepared by Risdall Marketing Group and City staff. Mounds View’s original tagline was Gateway to the North. Pride, Progress and Partnerships has been the City’s tagline for the past 18 years. 1. Where you want to be 2. The small town with big opportunities 3. Connected to the future 4. Central to growth 5. Close. Convenient. Connected. 6. Convenient. Connected. Caring. 7. Close enough. Far enough. 8. See more from here 9. Growing better everyday 10. It’s all here 11. A caring connected community 12. Discover for yourself 13. A connected community 14. The heart of it all 15. Growing better every day. 16. Small Town Feel. Big Picture Thinking. 17. At the center of growth. 18. The Intersection of Progress and Growth. 19. Growing home. 20. Where past values meet a bright future. 21. The future looks great from here. 22. Small Town Feel. Big City Vision. 23. Small town feel. Forward looking vision 24. Community Within Reach 25. Community Redefined 26. Two Words. One Community. 27. Honor the past. Celebrate the present. Choose the future. 28. Mounds View: Value(s) the past. Welcome(s) the future. 29. Celebrating the present and planning for the future 30. A small town feel with a modern vision 31. Honoring the past and building the future EDA Item 7A – May 26, 2009 Continued Tagline Review Page 2 of 3 Discussion Below are six taglines that the EDA discussed on May 11, 2009 as options: 1. Two Words. One Community. 2. Close enough. Far enough. 3. Where you want to be 4. You’ll enjoy the view 5. Where community matters 6. Make it yours The EDA agreed that Mounds View’s tagline needs to be unique and cannot have the words “Mounds View” in it since the new City logo already contains the City name. The EDA asked for tagline ideas from residents during the May 11, 2009 meeting, so the EDC discussed taglines at their May 15, 2009 meeting and provided the following input: The EDC said they do not like Two Words. One Community. Not one option jumped out to the EDC as the perfect tagline, however there was some interest expressed by the EDC in Close. Convenient. Connected or Convenient. Connected. Caring. One EDC member submitted the following new tagline ideas: 1. Connecting you Home 2. Connecting Careers to Home The Planning Commission was scheduled to discuss taglines at their May 20, 2009 meeting but the meeting was cancelled due to a lack of a quorum. One Planning Commission member, however, indicated to City staff that he prefers the tagline Where Community Matters. City staff also came up with a couple of new tagline ideas, which are: 1. What a great place to be 2. More than just a great location Finally, City staff has attached reading material that might make it easier for the EDA to decide upon a new tagline for the City. One article provides ten steps to creating a tagline (many of which Mounds View has already taken) and another article provides lists of many other city taglines. Finally, a report to the City Council of Tracy Brand Base in California describes how they chose a new tagline last summer that is very unique and describes the City geographically. EDA Item 7A – May 26, 2009 Continued Tagline Review Page 3 of 3 Recommendation Staff recommends that the EDA select the strongest three tagline options from any of the many choices for final consideration and possible approval at the June 8, 2009 EDA meeting. Respectfully submitted, ____________________________ Heidi Steinmetz Economic Development Specialist Attachments: • “How to Give Your City a Motto Makeover in 10 Easy Steps”, Eric Swartz, March 2006 • “TaglineGuru Releases List of Top U.S. City Mottos & Monikers”, Eric Swartz, September 2005 (lists included) • “Approval of Tagline for the City of Tracy Brand Base, CA”, Staff Report to the Tracy, California, City Council, July 15, 2008 Item Number: 7B Meeting Date: May 26, 2009 Type of Business: EDA Administrator Review: _____ City of Mounds View Staff Report To: Economic Development Authority From: Heidi Steinmetz, Economic Development Specialist Item Title/Subject: Discuss Business Improvement Partnership Loan Program Background The EDA developed the Business Improvement Partnership Loan Program in June of 1995 per the attached Resolution 95-EDA-27. The EDA modified the program in 1998 per the attached Resolution 96-EDA-98. In fourteen years, only three businesses (listed below) have used the program. The last time the EDA discussed this program was in March of 2008, when the EDA adopted the Mounds View Business Toolbox. Attached are the minutes from the respective 2008 EDC and EDA meetings when they discussed the Business Improvement Partnership Loan Program. The Toolbox is a document that provides a list of economic development resources and services available for existing and new businesses desiring to locate in Mounds View. The EDA adopted the following language on March 10, 2008 about the Business Improvement Partnership Loan Program as part of the Toolbox document: Purpose: The City’s Economic Development Authority has a vested interest in helping Mounds View businesses thrive and prosper while improving the aesthetics of the commercial, industrial, and retail sectors of the community. Accordingly, the Mounds View Business Improvement Partnership Loan Program has been established to partner with local businesses by providing 2% interest loans for exterior and interior building improvements. Date Business Loan Amount June 1995 Dynex Industries $25,000 October 1995 Mister Donut $25,000 August 1996 Mounds View Fina $25,000 EDA Item 7B – May 26, 2009 Discuss Business Improvement Partnership Loan Program Page 2 of 3 Who can apply? Any business owner who has operated a facility or property located in Mounds View for a minimum of two years. How does the program work? The City’s Economic Development Authority, in partnership with local banks, will provide improvement loans to existing Mounds View businesses at a minimum of $10,000 and a maximum of $50,000. The City participates by providing only half of the loan amount at a 2% interest rate. Discussion On May 11, 2009, the EDA indicated interest in reviewing the Business Improvement Partnership Loan Program criteria at a future meeting. The criteria is attached in the form of a flyer (the flyer is the program criteria). I also have attached the current application. This review was prompted by a recent inquiry from a dentist who would have applied for the program if the EDA would have considered waiving the loan criteria that only businesses located in Mounds View for at least two years are eligible. Also on May 11, 2009, the EDA discussed whether City staff is promoting the program enough. City staff has not promoted the program since March 2008 because the EDA approved the Toolbox as an “internal document only” and directed staff to discuss available programs with businesses only if businesses inquire about such programs. The EDA also directed staff not to post the Toolbox on the City’s Website. It is staff’s opinion that if the City is going to have Economic Development programs, that they should be promoted and used to the extent possible given budgetary considerations. Recommendation Staff recommends that the EDA authorize the promotion of all available business assistance programs to existing and prospective Mounds View businesses. This promotion could occur on the City’s Website and in other marketing materials. If promoting the Business Improvement Partnership Loan Program does not attract more applicants within one year of today’s date, staff would then recommend that the EDA change the program so that it better fits the needs of businesses and the City. Respectfully submitted, ____________________________ Heidi Steinmetz Economic Development Specialist EDA Item 7B – May 26, 2009 Discuss Business Improvement Partnership Loan Program Page 3 of 3 Attachments: 1. Resolution 95-EDA-27 Approving Business Loan Program 2. Resolution 98-EDA-96 Modifying the Business Improvement Partnership Loan Program 3. Page 4 of the February 15, 2008 EDC Minutes 4. Pages 3 & 4 of the February 25, 2008 EDA Minutes 5. Resolution 08-EDA-244 Approving Mounds View Business Toolbox 6. Business Improvement Partnership Loan Program Flyer 7. Business Improvement Partnership Loan Program Application