Laserfiche WebLink
EXHIBIT A <br /> RESOLUTION NO. 98-EDA-82 <br /> 111 MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY <br /> COUNTY OF RAMSEY <br /> STATE OF MINNESOTA <br /> RESOLUTION GRANTING APPROVAL FOR EXPENDITURE OF TAX INCREMENT FUNDS TO <br /> FINANCE THE CITY'S COST IN PARTICIPATION WITH A CONSORTIUM OF SUBURBAN <br /> COMMUNITIES IN THE DEVELOPMENT OF A REMODELING PLANBOOK <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 /> Section 1. Recitals. <br /> 1.10 The Authority has the powers provided in Minnesota Statutes, Sections 469.124 to <br /> 469.134 and 469.090 to 469.108 (collectively,the"Act"). <br /> 1.02 Pursuant to and in furtherance of the objectives of the Act,the Authority has <br /> undertaken a program to promote development and redevelopment of certain land within the City of <br /> Mounds View and in this connection is engaged in carrying out the Mounds View Economic <br /> Development Project(the"Project")within the City. <br /> 1.03 There has been approve pursuant to the Act a Project Plan for the Project. <br /> 111111.04 The redevelopment and development of property within the Project by private <br /> developers are stated objectives of the Project Plan. <br /> 1.05 In order to achieve the objectives of the Project Plan,the Authority has determined to <br /> provide substantial aid and assistance through the financing of certain of the public costs of <br /> development. <br /> 1.06 There has been presented to the Board an opportunity to participate with a consortium <br /> of first tier suburban communities in the creation of a remodeling planbook. The remodeling <br /> planbook would serve to assist and promote remodeling projects involving detached housing within <br /> the city. The remodeling planbook will also serve to promote both the City and it's housing. <br /> 1.07 The Authority has appropriated$300,000 of tax increment funds for redevelopment <br /> purposes associated with single family housing for 1998. <br /> 1.08 A $5,000 commitment is required for the City to participate with the consortium of <br /> suburban communities in the development of a remodeling planbook for the City. <br /> Section 2. Resolved. <br /> • <br /> 2.01 That the Board of the Authority authorizes the President and Executive Director to <br /> appropriate$5,000 in tax increment funds to finance the City's costs in participation with the <br /> consortium of suburban communities for the development of a remodeling planbook for the City and <br /> to approve the Letter of Understanding between Fridley Housing and Redevelopment <br /> Authority (contract holder representing the suburban communities consortium) and the <br /> • Mounds View Economic Development Authority for the development of a remodeling <br /> planbook. <br /> 2.02 That the Board of the Authority hereby grants final approval for the expenditure of <br />