EDA Resolution 06-EDA-221 - Laserfiche WebLink

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RESOLUTION NO. 06 -EDA -221 MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION APPROVING AND AUTHORIZING THE EXPENDITURE OF TAX INCREMENT FUNDS FOR THE DEMOLITION AND RESTORATION OF 2390 COUNTY ROAD 10 FOR THE PURPOSE OF BLIGHT ELIMINATION AND FUTURE REDEVELOPMENT It is hereby resolved by the Board of Commissioners (the Board) of the Mounds View Economic Development Authority (the Authority) as follows: Section 1. Recitals. 1.01 The Authority has the powers provided in Minnesota Statutes, Sections 469.124 to 469.134 and 469.090 to 469.108 (collectively, the Act). 1.02 Pursuant to and in furtherance of the objectives of the Act, the Authority has undertaken a program to promote development and redevelopment of certain land within the City of Mounds View and in this connection is engaged in carrying out the Mounds View Economic Development Project (the Project) within the City. 1.03 There has been approved pursuant to the Act a Project Plan for the Project. 1.04 The redevelopment of property within the Project is a stated objective of the Project Plan. 1.05 In order to achieve the objectives of the Project Plan, the Authority has determined to provide substantial aid and assistance through the financing of certain public costs of development. 1.06 It has been proposed that the Authority demolish the property located in the City at 2390 County Road 10 (the Property) and that the Authority approve the demolition contract and /or similar contract(s) (collectively, the Contract) attached as "Exhibit A" for the demolition of the Property for the purposes of redevelopment. Section 2. Resolved. 2.01 The Board hereby determines that the Authority's execution of the Contract and the subsequent demolition and site restoration of the Property would be in furtherance of the Project Plan and hereby approves and authorizes said actions, including the execution of the Contract by the officers of the Authority in their discretion and at such time, if any, as they may deem appropriate.