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<br /> <br />MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION NO. 05-EDA-211 <br /> <br />RESOLUTION REQUESTING THE CITY COUNCIL OF THE CITY OF <br />MOUNDS VIEW CALL FOR A PUBLIC HEARING ON THE PROPOSED <br />ADOPTION OF A MODIFICATION TO THE PROJECT PLAN FOR THE <br />MOUNDS VIEW ECONOMIC DEVELOPMENT PROJECT AND THE <br />PROPOSED MODIFICATION TO THE TAX INCREMENT FINANCING PLAN <br />FOR TAX INCREMENT FINANCING DISTRICT NO. 5. <br /> <br /> <br /> BE IT RESOLVED, by the Board of Commissioners ("Board") of the Mounds View <br />Economic Development Authority ("EDA") as follows: <br /> <br /> WHEREAS, the City Council ("Council") of the City of Mounds View, Minnesota ("City") <br />established the Mounds View Economic Development Project pursuant to Minnesota <br />Statutes, Sections 469.174 to 469.1799, inclusive, as amended, in an effort to encourage <br />the development and redevelopment of certain designated areas within the City; and <br /> <br /> WHEREAS, the EDA is proposing a modification to the Project Plan for the Mounds <br />View Economic Development Project and a modification to the Tax Increment Financing <br />Plan for Tax Increment Financing District No. 5, all pursuant to, and in accordance with, <br />Minnesota Statutes, Sections 469.174 to 469.1799 and Sections 469.090 to 469.1082, <br />inclusive, as amended; <br /> <br /> NOW, THEREFORE BE IT RESOLVED by the Board as follows: <br /> <br />1. The EDA hereby requests that the Council call for a public hearing on February 13, <br />2006 to consider the proposed adoption of a modification to the Project Plan for the <br />Mounds View Economic Development Project and the proposed modification of the Tax <br />Increment Financing Plan for Tax Increment Financing District No. 5, a special legislation <br />economic development tax increment financing district, (collectively the "Modifications") and <br />cause notice of said public hearing to be given as required by law. <br /> <br />2. The EDA directs the Executive Director to transmit copies of the Modifications to the <br />Planning Commission of the City and requests the Planning Commission's written opinion <br />indicating whether the proposed Modifications are in accordance with the Comprehensive <br />Plan of the City, prior to the date of the public hearing. <br /> <br />3. The Executive Director of the EDA is hereby directed to submit a copy of the <br />Modifications to the Council for its approval. <br /> <br />4. The EDA directs the Executive Director to transmit the Modifications to Ramsey County <br />and Mounds View School District No. 621, in which TIF District No. 5 is located in, not <br />later than January 13, 2006.