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<br /> <br /> <br />RESOLUTION # 00-EDA-139 <br /> <br />MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION AUTHORIZING THE EXPENDITURE OF TIF FUNDS TO <br />PURCHASE THE SHERIFF’S CERTIFICATE FOR 2345 COUNTY ROAD H2. <br /> <br />It is hereby resolved by the Board of Commissioners (the ‘Board’) of the Mounds <br />View Economic Development Authority (the ‘Authority’) as follows: <br /> <br />Section 1. Recitals. <br /> <br />1.10 The Authority has the powers provided in Minnesota Statutes, <br />Sections 469.124 to 469.134 and 469.090 to 469.108 (collectively, the “Act”). <br /> <br />1.02 Pursuant to and in furtherance of the objectives of the Act, the <br />Authority has undertaken a program to promote development and <br />redevelopment of certain land within the City of Mounds View and in this <br />connection is engaged in carrying out the Mounds View Economic Development <br />Project (the “Project”) within the City. <br /> <br />1.03 There has been approved pursuant to the Act a Project Plan for the <br />Project. <br /> <br />1.04 The redevelopment of property within the Project is a stated <br />objective of the Project Plan. <br /> <br />1.05 In order to achieve the objectives of the Project Plan, the Authority <br />has determined to provide substantial aid and assistance through the financing of <br />certain public costs of development. <br /> <br />1.06 It has been proposed that the Authority approve and authorize the <br />expenditure of funds to acquire the Sheriff’s Certificate for 2345 County Road H2 <br />for purposes of future redevelopment. <br /> <br />Section 2. Resolved. <br /> <br />2.01 The Board hereby determines that the Authority’s expenditure of <br />tax increment funds would be in furtherance of the Project Plan and hereby <br />approves and authorizes said action. <br /> <br />2.02 That the Board of the Authority hereby determines that the <br />expenditure of funds will help realize the public purposes of the Act and are in <br />furtherance of the Project Plan and authorizes the President and Executive <br />Director to utilize a maximum of $71,400 in tax increment funds to purchase the <br />Sheriff’s Certificate allowing for the possible redevelopment of the property. <br /> <br />