Resolution 99-EDA110 - Laserfiche WebLink

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. . . RESOLUTION NO. 99-EDA-110 MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY COUNTY OF RAMSEY ST ATE OF MINNESOTA RESOLUTION APPROVING AND AUTHORIZING THE EXPENDITURE OF TAX INCREMENT FUNDS FOR THE DEMOLITION OF HOME AT 8300 F AlRCHlLD AVENUE AS PART OF THE EDA HOUSING REPLACEMENT PROGRAM It is hereby resolved by the Board of Commissioners (the "Board") of the Mounds View Economic Development Authority (the "Authority") as follows: Section 1. Recitals. 1.01 The Authority has the powers provided in Minnesota Statutes, Sections 469.124 to 469.134 and 469.090 to 469.108 (collectively, the "Act"). 1.02 Pursuant to and in furtherance of the objectives of the Act, the Authority has undertaken a program to promote development and redevelopment of certain land within the City of Mounds View and in this connection is engaged in carrying out the Mounds View Economic Development Project (the "Project") within the City. 1.03 There has been approved pursuant to the Act a Project Plan for the Project. 1.04 The Housing Replacement Program has been adopted under and as part of the Project Plan. 1.05 The redevelopment of property within the Project is a stated objective of the Project Plan and the Housing Replacement Program. 1.06 In order to achieve the objectives of the Project Plan, the Authority has determined to provide substantial aid and assistance through the financing of certain public costs of Development. 1.07 The stated purposes of the Housing Replacement Program include reducing the social costs of blight, making better use of public infrastructure, and redistributing tax base to communities with higher levels offiscal needs. The Housing Replacement Program's objectives include replacing smaller, lower-value housing on scattered sites throughout the City with larger, new and higher-value housing designed for families, the elimination of blighting influences and substandard housing, and the increase of available quality housing for families within the City. 1.08 It has been proposed that the Authority provide funding for the demolition of the home located in the City at 8300 Fairchild Avenue (the "Property") and that the Authority enter into an agreement (the "Agreement") with the owner for the clearance of the property for redevelopment. Section 2. Resolved. 2.01 The Board hereby determines that the Authority's execution of the Agreement and the subsequent clearance of the Property would be in furtherance of the Project Plan and the Housing Replacement Program and hereby approves and authorizes said actions, including the execution of the Agreement by the officers of the Authority in their discretion and at such time, if any, as they may deem appropriate. 2.02 Upon execution and delivel)' of the Agreement, the officers and employees of the Authority (including members of the City Staff, acting in their capacity as staff to the Authority as well) are hereby authorized and directed to take or cause to be taken such actions as may be appropriate or