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<br />- <br /> <br />e <br /> <br />e <br /> <br />RESOLUTION NO. 98-EDA-90 <br /> <br />MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION GRANTING APPROVAL FOR EXPENDITURE OF TAX INCREMENT FUNDS <br />TO FINANCE THE PROMOTION AND IMPLEMENTATION OF A HOME IMPROVEMENT <br />FAIR <br /> <br />It is hereby resolved by the Board of Commissioners (the "Board") of the Mounds View <br />Economic Development Authority (the "Authority") as follows: <br /> <br />Section 1. Recitals. <br /> <br />1.10 The Authority has the powers provided in Minnesota Statutes, Sections 469.124 <br />to 469.134 and 469.090 to 469.108 (collectively, the "Act"). <br /> <br />1.02 Pursuant to and in furtherance of the objectives of the Act, the Authority has <br />undertaken a program to promote development and redevelopment of certain land within the City <br />of Mounds View and in this connection is engaged in carrying out the Mounds View Economic <br />Development Project (the "Project") within the City. <br /> <br />1.03 There has been approve pursuant to the Act a Project Plan for the Project. <br /> <br />1.04 The redevelopment and development of property within the Project by private <br />developers are stated objectives of the Project Plan. <br /> <br />1.05 In order to achieve the objectives of the Project Plan, the Authority has <br />determined to provide substantial aid and assistance through the financing of certain of the public <br />costs of development. <br /> <br />1.06 There has been presented to the Board an opportunity to promote and implement <br />a "Home Improvement Fair". The fair would work to promote home improvement and <br />remodeling of the city's housing by providing resources needed for homeowners to improve their <br />homes. The fair would be a venue for marketing the city sponsored housing programs, as well as <br />other housing programs and funding sources available to homeowners of the city. <br /> <br />1.07 The Authority has appropriated $130,000 of tax increment funds for <br />redevelopment purposes associated with housing for 1998. <br /> <br />1.08 A $2,500 commitment is needed to promote and implement a "Home <br />Improvement Fair" for the city. <br /> <br />Section 2. Resolved. <br /> <br />2.01 That the Board of the Authority authorizes the President and Executive Director <br />to appropriate $2,500 in tax increment funds to finance the city's costs to develop, promote, and <br />implement a "Home Improvement Fair" to encourage the improvement and redevelopment of <br />housing in the city. <br />