Resolution No. 98-04 EDA - Laserfiche WebLink

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Member Bergeson introduced the following resolution and moved its adoption: LINO LAKES ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION NO. 98-04 RESOLUTION AUTHORIZING PREPARATION OF A REDEVELOPMENT PROJECT PLAN WHEREAS, The City Council of the City of Lino Lakes (the "City") established the Lino Lakes Economic Development Authority (the "Authority") in 1990 and conferred upon it responsibility for economic development within Lino Lakes; and WHEREAS, the area of the city in the vicinity of I -35W and Highway 23 known as the Town Center has not developed solely through private efforts in a manner consistent with its prominence ,-t within the city and which justifies the public expenditures for infrastructure improvements which have been made; and WHEREAS, it appears that it will be necessary to provide public assistance to assist development in the area to achieve the city's goal for quality commercial development within the Town Center; and WHEREAS, it has been proposed that the area generally known as the Town Center be established as a Redevelopment Project pursuant to Minnesota Statutes, sections 469.001 through 469.047 (the "HRA Act") in order to offer financial assistance to selected projects. NOW, THEREFORE, BE IT RESOLVED by the Lino Lakes Economic Development Authority as follows: 1. Staff and Kennedy & Graven, Chartered are hereby authorized and directed to prepare a Redevelopment Project Plan (the "Plan") concerning the Redevelopment Project.