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<br />. <br /> <br />. <br /> <br />. <br /> <br />RESOLUTION No. 5206 <br /> <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />ST ATE OF MINNESOTA <br /> <br />A RESOLUTION OF GENERAL SUPPORT TO ANTHONY PROPERTIES, INC. FOR THE CITY <br />OF MOUNDS VIEW'S PARTICIPATION IN SHARING COSTS FORA TRAFFIC LIGHT <br />SIGNAL ON HIGHWAY 10 AND EDGEWOOD DRIVE <br /> <br />WHEREAS, Anthony Properties, Inc. is known to be considering the development of a multiplex <br />theater complex on the south side of Highway 10 between Long Lake Road and County Road H2 and has <br />requested a statement of general City support; and <br /> <br />WHEREAS, such a development will require a traffic light signal on Highway 10 and Edgewood <br />Drive in order to adequately support sound traffic flow in the area: and <br /> <br />WHEREAS, the City of Mounds View recognizes its role in facilitating such a traffic signal: and <br /> <br />WHEREAS, the City has not committed to the precise location of a signal light, the exact layout of a <br />possible realignment of Edgewood Drive, nor has determined an acceptable cost for the City's participation; <br />and <br /> <br />WHEREAS, however the City has attempted to work with the developer, neighborhood residents <br />and the Minnesota Department of Transportation to find the best acceptable project and traffic layout for the <br />community, <br /> <br />BE IT HEREBY RESOLVED that the MOlmds View City Council will give consideration to the <br />use of tax increment or other appropriate non-general fund funds and Minnesota Department of <br />Transportation funds in order to facilitate the positioning of a traffic signal on Highway 10 and Edgewood <br />Drive in order for Anthony Properties, Inc. to commit its time and funds towards a project layout, recognizing <br />the City will still need to determine its acceptance of the project regarding City zoning ordinances, best traffic <br />design for the signal and appropriate cost participation in the traffic signal and Edgewood Drive realignment. <br /> <br />ADOPTED this 12th day of January, 1998. <br /> <br /> <br />ATTEST: <br /> <br /> <br />Charles S. Whiting, Cit., Clerk-Administrator <br /> <br />(SEAL) <br />