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<br />. <br /> <br />.. <br /> <br />. <br /> <br />RESOLUTION NO. 02-EDA-163 <br /> <br />MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION AUTHORIZING THE EXPENDITURE OF TAX INCREMENT FUNDS TO <br />FINANCE THE CITY'S COST IN PARTICIPATION WITH A CONSORTIUM OF <br />COMMUNITIES IN THE DEVELOPMENT OF THE SECOND REMODELING PLANBOOK <br /> <br />It is hereby resolved by the Board of Commissioners (the "Board") of the Mounds <br />View Economic Development Authority (the "Authority") as follows: <br /> <br />WHEREAS, 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"); and, <br /> <br />WHEREAS, the Authority seeks to expand the quantity and enhance the quality of <br />the housing stock of the City of Mounds View; and, <br /> <br />WHEREAS, the Authority previously determined that there was a need for a <br />remodeling Planbook and approved the expenditure of tax increment funds in February <br />1998 for the first remodeling Planbook; and, <br /> <br />WHEREAS, there is an opportunity to participate with a consortium of suburban <br />communities in the creation of a second remodeling Plan book. The book would serve to <br />assist and promote remodeling projects involving split-level detached homes within the city; <br />and, <br /> <br />WHEREAS, the Authority has appropriated $300,000 of tax increment funds for <br />development/redevelopment purposes for 2002; and, <br /> <br />WHEREAS, a financial commitment of at least $2,500 is needed for the City to <br />participate with the consortium of communities in the development of the second <br />remodeling Plan book. <br /> <br />NOW THEREFORE BE IT RESOLVED, that the Mounds View Economic <br />Development Authority, finding that the proposed expenditure would be consistent with the <br />Authority's mission and responsibilities, hereby approves the expenditure of $2,500 in Tax <br />Increment funds to finance the City's costs in participating with the consortium of <br />communities for the development of a remodeling Planbook. <br /> <br />NOW THEREFORE BE IT FURTHER RESOLVED, that the Mounds View Economic <br />Development Authority hereby authorizes its President and Executive Director to execute an <br />Agreement between the Mounds View EDA and the City of Brooklyn Park regarding the <br />development of a remodeling Planbook for the City of Mounds View. <br /> <br />N :\DA T A\GROUPS\ECONDEV\Eda\Resolutions\Res 02\02-EDA-163.doc <br />