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JAN �9 '97 17�42 KENNEDY & GRAVEN <br />i <br />RF.�C1T.i.JTTnN Nn. 97 - EDA � <br />CITY OF MOIJNDS 'VYE'9V <br />COUNTY UF R.AMS�Y <br />STt�'I'� UF MfNN,�50'I'A <br />� It�SOiUTY01+i TNTTIATING FROCESS FOR CONSIDERAl�QN <br />; �F A 1�EW TAX T1�TCREMENT FINANCTNG AISTRFCT <br />� <br />P�� <br />' BE IT RES�L'V'Bb by the Board oi C�muussioaers (the "Boatci") of thr Mournclx ViCw <br />. Econcunic Dcvclopmcxit Autliority (t� "EDA"), as folluws: <br />1. Rccitai4_ <br />(a) PuTS�t Go I�1'uu�esota Ststutes, Section� 469.OyQ throngh 469.1U8 <br />(collecti�veJy, the "Aci")9 tt� �UA is uurhorized to exercise developmeat and <br />reclevelopment povvers, <br />(b) Zhe ET�A has established its Mounds'View Economic Development Disui.ce <br />(th� "Disaict") aad adopted the projeat Plan tkerefoa pursuxnt to thc Act. <br />(c) The F.DA, propose.� t� asta�lisl� a�x inccemcnt financin� di4trict ("Ti� <br />' District") for tl�c propos�d Bel Rac redevclopment projcct consis�nt witi� thc statcci <br />objectives of the Project Plan. <br />� (d) The process which must be followed is the prepnrution of the tox increment <br />: finnnoing plan ("TI� Plan"), aotificatioa to both tha individual oaunty commissioner and <br />. the Cour►ty Bcard as a whole, noti�fication to the Sehool Soard, and the holding o�' a <br />. publie hearing by che Ciry Council on the propesed plan. <br />, 2. Public HearinL. The EDA herCby auihuricty th� nr,cc�cy staps which ncc�! tu bc <br />: laictn in urdtr tn prepare and hring fi�rwarcl the pru�xr.ccd TIF Di.vlri�l and TIF Pt�� fur <br />COII!�dCPAtip[1 2tli(� rUI)IIG hCd[I0� i)jr �1C C�It}r C'tlunW�. �I'f1C FI�/i }1�Ter�,�u�� �� c�r� r.�,m��t <br />� to schedule a p�blic hearing on the TIF District and T'TF plan at thc appropriat� time, givrn the <br />: required 30-day prior notice to the County aad Schoo! Boards and thc requirement that noticc of <br />thc public heating be publishcd at least 10 days prior tbereto. <br />A,dopted by the Mouads 'V'iew E]7A Bonrd of Commissioners this 13th day of Jeaucuy, <br />1997. <br />ATT'�ST: <br />busui� MeCartp <br />Presidant <br />' (SEAL) <br />Executi�ve Director <br />RCL215988 <br />MU205•4 <br />s-��iV� �. ' <br />