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• BE IT FURTHER RESOLVED THAT,the Economic Development Authority , <br /> directs Staff to: <br /> 1.) Begin administrative steps towards the potential purchase of the BelRae Ballroom <br /> located at 5394 Edgewood Drive,Mounds View,Minnesota by the City of Mounds View <br /> Economic Development Authority for use as a community center, including at least the <br /> following steps: preparation of a feasibility study which outlines potential uses, costs and <br /> revenue projections;an inspection report; an appraisal and a legal opinion on the.use of <br /> excess tax increment financing funds or other identified funding sources; and <br /> 2.) Contact the School District 621 regarding school district use of space in the <br /> BelRae Ballroom; and <br /> 3.) Contact other social service deliverers such as Northwest Youth&Family <br /> Services and the Ramsey County Department of Public Health for the purpose of <br /> providing local residents with services through satellite offices at the BelRae Ballroom; <br /> and <br /> 4.) Prepare a proposal for EDA review at a regular meeting for the purchase of the <br /> BelRae Ballroom building,lot,furnishings and fixtures at a not to exceed price of <br /> $750,000.00,excluding administrative costs,with the City of Mounds View Economic <br /> • Development Authority taking possession on a mutually agreed upon date on or about <br /> July 1, 1996 for use as a Community Center. <br /> Adopted by the Board of Commissioners of the Mounds View Economic Development <br /> Authority on this 12th day of February,1996. <br /> Commissioner moved the adoption of the foregoing <br /> resolution,which motion was duly seconded by Commissioner , and <br /> upon vote being taken thereon,the following voted in favor thereof: <br /> and the following voted against the same: <br /> ATTEST: <br /> President <br /> (SEAL) <br /> Executive Director <br />