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RESOLUTION NO. 97-EDA66 <br /> • <br /> CITY OF MOUNDS VIEW <br /> COUNTY OF RAMSEY <br /> STATE OF MINNESOTA <br /> RESOLUTION APPROVING AMENDMENTS TO THE HOUSING REPLACEMENT PROGRAM <br /> It is hereby resolved by the Board of Commissioners (the"Board") of the Mounds View Economic <br /> Development Authority (the "Authority") as follows: <br /> 1. Recitals. <br /> (a) Pursuant to Minnesota Statues, Sections 469.124 to 469.134 and 469.090 to 469.108 <br /> (collectively,the "Act"), the Authority (i) has undertaken a program to promote development and <br /> redevelopment of certain land within the City of Mounds View and is engaged in carrying out the <br /> Mounds View Economic Development Project (the "Project) within the City; (ii)has approved a Project <br /> Plan for the Project; and (iii) has approved and adopted a Housing Replacement Program under and as <br /> an aspect of the Project Plan. <br /> (b) The redevelopment of property within the Project is a stated objective of the Project Plan <br /> and the Housing Replacement Program. <br /> (c) The Housing Replacement Program's objectives include replacing lower-value housing <br /> on scattered sites throughout the City with larger, new and higher-value housing designed for families, 40 <br /> the elimination of blighting influences and the increase of available quality housing for families within <br /> the City. <br /> (d) Including an option to provide funds for demolition and adding and replacing language <br /> for a more consistent and clear document is being presented as amendments to the Housing Replacement <br /> Program. <br /> 2. The Board hereby determines that including an option to provide funds for demolition to the <br /> Housing Replacement Program are consistent with and would be in furtherance of the Project Plan and hereby <br /> approves amendments as presented in exhibit 1. <br /> 3. The Board hereby determines that the implementation of these amendments will help realize the <br /> public purposes of the Act and would be in furtherance of the Project Plan. <br /> Adopted by the Board of Commissioners of the Mounds View Economic Development Authority on <br /> May 12, 1997. <br /> BY: <br /> Duane McCarty, President <br /> • <br /> ATTEST: <br /> Cathy Bennett, Executive Director <br />