05-09-1994 EDA - Laserfiche WebLink

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_ . . _ �_____ _ . � City's development areas, goals, objectives, development costs, and activities to the fullest extent permitted by the Enabling Act, the Tax Increment Act and other applicable law, and the Board hereby finds that through such consolidation the necessary development of the City can be accomplished more consistently, efficiently, and economically. Pursuant to Section 469.094, Subdivision 2, of the Enabling Act, the EDA is authorized to exercise the powers'of a city with respect to a development district under Minnesota Statutes, Sections 469.124 through 469.134, and the powers of a housing and redevelopment authority under Minnesota Statutes, Sections 469.001 through 469.047, among other powers, and it is the intention of the Council and the Board that the EDA shall have and be empowered to exercise any and all of said powers as may be necessary or appropriate for the development of the Project in accordance with the Project Plan. The Development Districts, the Development Programs, and the Tax Increment Districts and Plans are hereby incorporated herein to the same extent as if set forth in full herein. Section 1.3. Enlarqement and Consolidation of the Development Districts; Designation as Mounds View Economic Development Project. Each of the Development Districts is hereby enlarged to include the area of each of the other Development Districts, and said consolidated and enlarged composite area is hereby designated as the Mounds View Economic Development Project (the "Project"). The Board finds that each of the Development Districts, as so enlarged pursuant to this Section 1.3, and the resulting Project Area, together with the goals and objectives which the EDA seeks to accomplish or encourage with respect to such areas, constitutes without limitation a"development district" within the meaning of Minnesota Statutes, Section 469.125, Subdivision 9, and a"redevelopment project" within the meaning of Minnesota Statutes, Section 469.002, Subdivision 14. Section 1.4. Amendment and Consolidation of the Development Procirams; Designation as Project Plan. Each of the Development Programs is hereby amended to include all of the goals, objectives, activities, and development costs heretofore identified in each of the other Development Programs and in each of the Tax Increment Plans; it being the intent and effect of the foregoing that each of the Development Programs and Tax Increment Plans shall be and hereby is amended to include the other Development Programs and Tax Increment Plans. Said 257768 -4-