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111 EDC RESOLUTION NO. 95-EDC7 <br /> RESOLUTION RECOMMENDING flus ECONOMIC DEVELOPYIENT <br /> AUTHORITY'S CONSIDERATION OF TAX INCREMENT <br /> PROPOSED BRIDGES TECHNOLOGY FINANCING FOR THE <br /> WHEREAS, BelAir Builders and their clients outlined preliminary plans for construction <br /> of the "Bridges Technology Park" on Coral Sea Drive in Mounds View at the Economic <br /> Development Commission meeting on May 25, 1995; and <br /> WHEREAS, the proposal is for a 31,000-33,000 square foot office/showroom facility on <br /> - 2.7 acres located at lot 3 of Doug Watson's property directly abutting the Bridges Practice <br /> Range, and <br /> WHEREAS, the main occupant of the building, and investor, will be a medical <br /> distribution company specializing in home care pharmaceuticals, and <br /> WHFREAS, the company will be requesting tax increment financing from the Mounds <br /> View Economic Development Authority to assistance in the development of the property for <br /> the proposed facility, and <br /> • <br /> WHEREAS, the Economic Development Commission's mission includes acting as an <br /> advisory to the Economic Development Authority with regards to the attraction of quality new <br /> businesses; and <br /> WHEREAS, The Economic Development Commission sees the development of a <br /> technology park next to the Bridges Golf Facility as an enhancement to the overall economic <br /> vitality of the City of Mounds View. <br /> NOW, THEREFORE, BE IT RESOLVED THAT the Economic Development <br /> Commission hereby recommends that the Economic Development Authority consider tax <br /> increment financing assistance for the "Bridges Technology Park" as proposed by BelAir <br /> Builders on May 25, 1995. <br /> Adopted by the Economic Development Commission of the City of Mounds View this <br /> 25th day of May, 1995. <br /> ATTEST: <br /> (SEAL) <br /> Chair / �, v; <br /> Economic D v lopment Coordinator <br />