Laserfiche WebLink
<br />. <br /> <br />. <br /> <br />. <br /> <br />RESOLUTION NO. 01-EDA-148 <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 <br />INCREMENT FUNDS FOR THE ACQUISITION OF 3016 COUNTY ROAD H2 FOR THE <br />PURPOSE OF FUTURE REDEVELOPMENT <br /> <br />It is hereby resolved by the Board ofComll1issioners (the "Board") of the Mounds View <br />Economic Development Authority (the "Authority") as follows: <br /> <br />Section I. Recitals. <br /> <br />1.10 The Authority has the powers provided in Minnesota Statutes, Sections <br />469.124 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 <br />has undertaken a program to promotc development and redevelopment of certain land <br />within the City of Mounds View and in this connection is engaged in carrying out the <br />Mounds View Economic Development Project (the "Project") within the City. <br /> <br />1.03 There has been approved pursuant to the Aet a Project Plan for the Project. <br /> <br />1.04 The redevelopment of property within thc Project is a stated objeetive of <br />the Project Plan. <br /> <br />1.05 In order to achicve the objectives of the Projcct Plan, the Authority has <br />determined to provide substantial aid and assistance through the financing of certain <br />public costs of development. <br /> <br />1.06 It has been proposed that the Authority acquire the propcrty located in the <br />City at 3016 County Road H2 (the "Property") and that thc Authority approve the <br />purchase agreement and/or similar agreement(s) (collectively, thc "Agrecment") attached <br />as "Appendix A" for the acquisition of the Property for the purposes ofredevclopment. <br /> <br />Section 2. Resolved. <br /> <br />2.01 The Board hereby detcrnlines that the Authority's execution of the <br />Agreement and the subsequent acquisition and redevelopment of the Propcrty would be in <br />furtherance of the Project Plan and hereby approves and authorizes said actions, including <br />the exccution of the Agrecment by the officers of the Authority in their discretion and at <br />such timc, if any, as they may dcem appropriate. <br /> <br />2.02 Upon execution and delivery of the Agreement, the officers and employees of <br />