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<br />. <br /> <br />RESOLUTION NO. OO-EDA-130 <br /> <br />MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION APPROVING AND AUTHORIZING THE EXPENDITURE OF TAX INCREMENT FUNDS FOR <br />THE DEMOLITION OF 2901 HIGHWAY 10 <br /> <br />It is hereby resolved by the Board of Commissioners (the Board) of the Mounds View Economic <br />Development Authority (the Authority) as follows: <br /> <br />Section 1. Recitals. <br /> <br />1.01 The Authority has the powers provided in Minnesota Statutes, Sections 469.124 to <br />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 of <br />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 approved pursuant to the Act a Project Plan for the Project. <br /> <br />1.04 The redevelopment of property within the Project is a stated objective of the Project <br /> <br />Plan. <br /> <br />. <br /> <br />1.05 In order to achieve the objectives of the Project Plan, the Authority has determined to <br />provide substantial aid and assistance through the financing of certain public costs of Development. <br /> <br />1.06 In order to prepare the lot for redevelopment, it is necessary that the Authority provide <br />funding for the demolition of the Property. <br /> <br />1.07 In response to Requests for Proposals mailed to area contractors on May 12, 2000, <br />Staff has received five bids to accomplish the demolition of the Property. <br /> <br />Section 2. Resolved. <br /> <br />2.01 That the Board hereby determines that the Authority's expenditure to effectuate <br />demolition of the Property would be in furtherance of the Project Plan and hereby approves and <br />authorizes said action <br /> <br />2.02 That the Board of the Authority hereby authorizes the President and Executive Director <br />to award the contract to demolish Property to low bidder Dirt & Demolition, Inc., appropriating a <br />maximum of $6,028.80 in tax increment funds. <br /> <br />Adopted by the Board of Commissioners of the Mounds View Economic Development Authority this <br />12th day of June, 2000. <br /> <br />J . <br />. -- ') <br />) ;;:i./ . / '/ <br />1l.A"-"-<----...' . #l-l'-0.,.',. l <br />Dan Coughlin, Presklent . <br /> <br />ATTEST: <br /> <br /> <br />I' <br /> <br />. <br />