1994-03-28 EDA Authorization - Laserfiche WebLink

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Mounds View City Council Page Three Regular Meeting March 28, 1994 Mayor Linke closed the public hearing at 7:35 p.m. MOTION/SECOND: Quick/Blanchard to Adopt ordinance No. 534 vacating Mustang Lane Street Right -Of -Way ROLL CALL VOTE: Mayor Linke - yes Acting Mayor Blanchard - yes Councilmember Quick - yes Councilmember Wuori - yes Councilmember Trude - yes 4 ayes 0 nays Motion Carried 7:05 p.m. Public Hearing on Establishment of Economic Development Aiii-hrvritv - Rp.qnlution No. 4352 Enablinq Resolution Establishinq Mounds View Economic Development Authority Under Minnesota –57c—d-F-.u–u--e-ls--,- Sections 469.090 through 469.108 Mayor Linke opened the public hearing at 7:36 p.m. Samantha Ordunof City Administrator, explained that the purpose of establishing an Economic Development Authority is to establish a formal, corporate entity in which to vest the economic development opportunities and activities of the City with a concentrated effort directed to business retention, housing rehabilitation and redevelopment. orduno further reported that the creation of an economic development mechanism is especially meaningful. to the City because it will utilize all of the legal opportunities afforded an EDA to further the economic development goals developed by the City Council and the FOCUS 2000 groups. orduno further explained that the process of establishing an EDA begins with the adoption of the Enabling Resolution which is a description of the duties and powers that the EDA will be authorized to use for economic development activities. MOTION/SECOND: Blanchard/Trude to Adopt Resolution No. 4352 Enabling Resolution Establishing the Mounds View Economic Development Authority Under Minnesota Statutes, Sections 469.090 through 469.108 VOTE: 5 ayes 0 nays Motion Carried Samantha orduno, City Administrator, reported that State Statutes permit the City, by resolution, to transfer the control, authority and operation of any project or program located within the city from the municipal government agency the established the project or program to the EDA. Orduno explained that Resolution No. 4533 Transferring to the Mounds View EDA the Control, Authority, and Operation of the City's Development Districts and Programs and the Tax Increment Financing Districts Therein transfers the control, authority and operation of the city's three economic development districts to the EDA.