Resolution 94-EDA-03 - Laserfiche WebLink

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~ . . . MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION NO. _94~ RESOLUTION APPROVING ECONOMIC DEVELOPMENT PROJECT AND TAX INCREMENT FINANCING AMENDMENTS BE IT RESOLVED by the Board of Commissioners (the "Board") of the Mounds View Economic Development Authority (the "EDA") as follows: section 1. Recitals. 1.01. It has been proposed that the EDA enlarge its Development District Nos. 1, 2 and 3 (the "Development Districts") in order to integrate and make coterminous their boundaries and areas; designate said integrated areas as the Mounds View Economic Development Project; amend the respective Development Programs for the Development Districts to integrate and expand their goals, objectives, activities, and budgets into a single plan for the development and redevelopment of the consolidated project areas; designate said consolidated development program as the Project Plan; and amend the tax increment financing plans for the tax increment financing districts heretofore established within the Development Districts, respectively, to reflect increased development goals, activities, expenses and bonded indebtedness; all pursuant to Minnesota Statutes, sections 469.001 through 469.047, 469.090 through 469.108, 469.124 through 469.134, and 469.174 through 469.179, respectively (collectively, the "Plans"), and all as reflected in that certain document entitled in part "Mounds View Economic Development Project of the Mounds View Economic Development Authority," dated May 9, 1994, and presented for the Board's consideration. 1.02. The Board has investigated the facts relating to the Plans and has caused the Plans to be prepared. 1.03. The EDA has performed all actions required by law to be performed prior to the adoption and approval of the Plans and has also requested that the Mounds View City Council hold a public hearing on and thereafter consider approving the Plans. 262071 .1