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MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY <br />REQUEST FOR EDA CONSIDERATION <br />STAFF REPORT <br />EDA MEETING DATE <br />EDA Action: <br />❑ Special Order oE Busuiess <br />❑ Public Hearings <br />❑ Consent A�;enda <br />❑ EDA Business <br />May 13, 1996 <br />Item Description: <br />Consideration of Resolution No. 96-EDA47 <br />Executive Director's Review/Recommendation: FOCfe1tUCC La11C1S <br />- No comments to supplement this report <br />- Commccits attaclicc3 <br />Cxplauation/Summary �attach suppicmeut sheets as necessary) <br />SUNII�[ARY: <br />Agenda Section: � �f� <br />Repore Number. �� �- -� l)l, 5 �/ <br />Report Date: <br />rovin� the Purchase of Tax <br />At the April 22, 1996 Regular Council Meeting the Council made a motion to <br />recommend that the EDA purchase three contiguous properties that are up for tax <br />forfeiture by Ramsey County. City staff has reviewed the properties and concluded that <br />they are developable and would be worthwhile to own for redevelopment purposes in the <br />future. <br />The cost of all three properties, including closing fees, amounts to $4,798.35. <br />Attached is a resolution which would authorize the purchase of the properties using excess <br />tax increment funds. <br />Cat y Bennett co omic Development Coordinator\ <br />EDA Executive Director <br />RECO�INiE�lD�TION: <br />Approve/Deny Resolution No. 96-EDA47 Approving the Purchase of Tax Forfeiture Lands within Mounds <br />V iew <br />