My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
Resolution 6754
MoundsView
>
City Council
>
City Council
>
Resolutions
>
06500 - 06999 (2005-2007)
>
Resolution 6754
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
6/25/2019 10:11:02 AM
Creation date
4/6/2007 2:42:59 PM
Metadata
Fields
Template:
MV City Council
City Council Document Type
Resolutions
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
3
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
• CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />RESOLUTION N0.6754 <br />CITY OF MOUNDS VIEW RESOLUTION APPROVING AMENDED <br />AND RESTATED PURCHASE AGREEMENT AND CONTRACT <br />FOR PRIVATE DEVELOPMENT BETWEEN CITY <br />OF MOUNDS VIEW, MOUNDS VIEW ECONOMIC <br />DEVELOPMENT AUTHORITY AND MEDTRONIC, INC. <br />BE IT RESOLVED by the City Council ("Council") of the City of Mounds View as <br />follows: <br />Section 1. Recitals. <br />1.01. The City of Mounds View (the "City") has previously established the Mounds View <br />Economic Development Project (the "Project"), which is currently administered by the Mounds <br />View Economic Development Authority (the "Authority"). <br />• 1.02. The Authority and City have approved a tax increment financing plan ("TIF Plan") <br />and Tax Increment Financing District No. 5 (the "TIF District") within the Project. <br />1.03. The City and Authority previously conveyed certain property within the Project <br />legally described as set forth in Exhibit A (the "Property") to Medtronic, Inc. (the "Developer"). <br />1.04. The City and Authority previously approved a development proposal from the <br />Developer for an office facility to be constructed on the Property which is located within the <br />proposed TIF District. <br />1.05. The City and Authority have received an amended development proposal from- the <br />Developer for an office facility (the "Development") to be constructed on the Property which is <br />located within the proposed TIF District. <br />1.06 The Developer has proposed to accelerate development of the Property and in <br />connection with that proposal, the City and Authority have caused to be prepared an Amended and <br />Restated Purchase Agreement and Contract for Private Development between the City, the <br />Authority and Developer (the "Contract"). <br />1.07. The Council has reviewed the Contract providing for the sale of the Property (which <br />has already occurred), the construction of the Development on the Property and certain tax <br />increment payments to the Developer in connection with the Development, and has concluded that <br />• <br />SJR-278596v1 <br />MU205-30 <br />1 <br />
The URL can be used to link to this page
Your browser does not support the video tag.