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<br />. <br /> <br />redevelopment of the City as a whole. The reason for supporting this finding is that the <br />Modifications will generally compliment and serve to implement policies adopted in the <br />City's comprehensive plan. <br /> <br />(a) <br /> <br />The Modifications will afford maximum opportunity, consistent with the sound <br />needs of the City as a whole, for the development or redevelopment of Mounds View <br />Economic Development Project Area by private enterprise. The reason for supporting <br />this finding is that the development activities are necessary so that development and <br />redevelopment by private enterprise can occur within the Mounds Vie\v Economic <br />Development Project Area. <br /> <br />Section 3. <br /> <br />Public Purpose <br /> <br />3.01. The adoption of the Modifications COnf0n11 in all respects to the requirements of the Act <br />and will help fulfill a nccd to develop an area of the State which is already built up, to provide <br />employment opportunities, to improve the tax base and to improve the general economy of the State and <br />thereby serves a public purpose. <br /> <br />Section 4. <br /> <br />Approval and Adoption ofthc Modifications: Filing. <br /> <br />4.01. The prior budgets arc hereby restated, elarified and confirmed and the Modifications are <br />approved, and shall be placed on file in the oftice ofthe EDA Executive Director. Approval of the <br />\1odifications does not constitute approval of any project or a development agreement with any <br />developer. <br /> <br />. <br /> <br />4.02. The staff oCthe EDA are authorized to file the Modifications with the Commissioner of <br />Revenue and the Ramsey County Auditor. <br /> <br />4.03. The staff of the EDA, the EDA's advisors and legal counsel are authorized and dircctcd to <br />proceed with the implementation of the Modifications and for this purpose to negotiate, draft:, prepare and <br />present to this Board for its consideration all further modifications, resolutions. documents and contracts <br />necessary for this purpose. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Vicc-President <br />Stigncy, and upon a vote being taken thereon, the following voted in favor thereof: <br /> <br />President Coughlin, Conunissioner Marty, <br /> <br />and the following voted against the same: <br /> <br />None <br /> <br />Dated: November 13, 2000 <br /> <br />0"1' /'//) /.. / <br />../ (I/-' ,: I ( ~ <br />I~'-' ,~,llA ' <br />Dan CO~gh1;t.prdi ent'~ <br />.\ ..'/' <br />~'\,........~ ..// '- <br />~...- . <br /> <br /> <br />(Seal) <br /> <br />A TrEST: <br />j <br /> <br /> <br />Executive Director <br />