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_: _ <br />� ------ - ---- ---- <br />WRITEA'S DIEECT DZAL :7TSMBEE <br />(612) 223-6420 <br />--j , : __ ___ <br />.---- -- <br />L�w oFricEs <br />B13IGGS AND tiTOBGAN <br />PROFESSION�I. ASSOCZ�TION <br />2200 FIl?ST AIA'TIONAL BA1�7E BUILDIN6 <br />SAINT PAUL, MIN;QESOT� 35101 <br />TELEPHONE (012) 223 - 0000 <br />FACSIMILE 10121 �.".3 - 9450 <br />VIA FACSIMILE AND U.S. MAIL <br />Ms. Jennifer Bergman <br />Housing Inspector <br />Mounds View City Hall <br />2401 Highway 10 <br />Mounds View, MN 55112-1499 <br />May 1, 1996 <br />Re: Housin� Replacement Pro�ram <br />Dear Jennifer: <br />MINNEAPOLIS OI�'FIC� <br />2400 I D S CENTLR <br />.IINNEAPOLIS, �fINNLrSOTA 55402 <br />TELEPHO.IE 1012) J3�1-�400 <br />� � PACSI MILE (612) D34 - 8660 <br />Enclosed is a short resolution which could be considered by the Board of <br />Commissioners of the Mounds View Economic Development Authority. If adopted, this <br />resolution would approve your Housing Replacement Program and make the determination <br />that it is consistent with and in furtherance of the "Project Plan" of the Mounds View <br />Economic Development Project, which is the basic tax increment/development district <br />structure which encompasses the entire City of Mounds View. <br />Based upon the draft document of the Housing Replacement Program which you <br />telecopied to me on April 24, I believe it is indeed consistent with the goals and activities <br />which have heretofore been included within the Project Plan by resolutions of both the City <br />Council and the EDA Board. <br />If the Board elected to do so in particular cases, I believe it would be authorized to <br />use such revenues as are derived from the Project Area, including with out limitation tax <br />increment revenue, to £und the activities of the Housing Replacement Program. <br />Furthermore, any proceeds of the EDA derived from subsequent sales of these acquired <br />sites would no longer constitute taac increment revenue and would therefore be eligible for <br />deposit into a more general revolving redevelopment account of the EDA. <br />319789.1 <br />