Laserfiche WebLink
RESOLUTION NO. <br /> 1110 <br /> A RESOLUTION APPROVING HOUSING REPLACEMENT PROGRAM <br /> It is hereby resolved by the Board of Commissioners (the"Board") of the Mounds View <br /> Economic Development Authority(the"Authority") as follows: <br /> 1. Recitals. <br /> (a) The Authority has the'powers provided in Minnesota Statutes, Sections <br /> 469.124 to 469.134 and 469.090 to 469.108 (collectively, the"Act"). <br /> (b) Pursuant to and in furtherance of the objectives of the Act, the Authority <br /> has undertaken a program to promote development and redevelopment of certain land <br /> within the City of Mounds View and in this connection is engaged in carrying out the <br /> Mounds view Economic Development Project (the"Project")within the City. <br /> (c) There has been approve pursuant to the Act a Project Plan for the Project. <br /> (d) The redevelopment and development of property within the Project by <br /> private developers are stated objectives of the Project Plan. <br /> 110 (e) In order to achieve the objectives of the Project Plan, the Authority has <br /> determined to provide substantial aid and assistance through the financing of certain of the <br /> public costs of development. <br /> (f) There has been presented to the Board a document detailing the proposed <br /> Housing Replacement Program, the stated purposes of which include reducing the social <br /> costs of blight, making better use of existing public infrastructure, and redistributing tax <br /> base to communities with higher levels of fiscal needs. This Program's objectives include <br /> replacing smaller, lower-value housing on scattered sites throughout the City with larger, <br /> new and higher-value housing designed for families, the elimination of blighting influences <br /> and substandard housing, and the increase of available quality housing for families within <br /> the City. <br /> 2. The Board hereby determines that the Housing Replacement Program is consistent <br /> with and would be in furtherance of the Project Plan and hereby approves that Program. <br /> 3. The Board hereby determines that the implementation of the Housing Replacement <br /> Program will help realise the public purposes of the Act and would be in furtherance of the <br /> Project Plan. <br /> Adopted by the Board of Commissioners of the Mounds View Economic Development <br /> Authority on , 1996. <br /> • <br />