EDA Resolution 06-EDA-215 - Laserfiche WebLink

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RESOLUTION NO. 06 -EDA -215 MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY CITY OF MOUNDS VIEW RAMSEY COUNTY STATE OF MINNESOTA RESOLUTION ADOPTING A MODIFICATION TO THE PROJECT PLAN FOR THE MOUNDS VIEW ECONOMIC DEVELOPMENT PROJECT AND A MODIFICATION TO THE TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 5 THEREIN WHEREAS, it has been proposed by the Board of Commissioners (the "Board of the Mounds View Economic Development Authority (the "EDA and the City of Mounds View (the "City that the EDA adopt a Modification to the project Plan for the Mounds View Economic Development Project and adopt a Modification to the project Plan for the Mounds View Economic Development Project and adopt a Modification to the Tax Increment Financial Plan (Collectively, the "Modifications for Tax Increment Financing District No. 5 (the "District all pursuant to and in conformity with applicable law, including Minnesota Statutes, Sections 469.090 to 469.19082, and Sections 469.174 to 469.1799, inclusive as amended (the "Act all as reflected in the Plans and presented for the Board's consideration; and WHEREAS, the EDA has investigated the facts relating to the Modifications and has caused the Modifications to be prepared; and WHEREAS, the EDA has performed all actions required by law to be performed prior to the adoption of the Modifications. The EDA has also requested the City Planning Commission to provide for review of and written comment on the Modifications and that the Council schedule a public hearing on the Modifications upon published notice as required by law. NOW, THEREFORE, BE IT RESOLVED by the Board as follows: 1. The EDA hereby reaffirms that the District as modified herein is in the public interest and its an "economic development district" established under the 2005 Laws of Minnesota, Chapter 152, Article 2, Section 26 (H.F. No. 2498) (the "Special Legislation located in the Mound View Economic Development Project. And finds that the Modifications conform in all respects to the requirements of the Act and will help fulfill a need to develop an area of the State of Minnesota which is underutilized and that the adoption of the proposed Modifications will help provide employment opportunities in the State because it will discourage commerce and