Agenda Packets - 1985/02/09 - Laserfiche WebLink

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r DEVELOPMENT DISTRICT PLAN A. Statement of Public Purpose It is found that there is a need for new development in the City of Mounds View, Minnesots, to encourage development both within and without areas which are already Wilt up to provide employment opportunities to improve the local tax base and to improve the general tax base of the state. B. Statutory .Authority The Pity of Mounds View proposes to desigrare a portion of the city (see map on page 2) as a municipal development district ill as authorized by Minnesota Statutes Chapier 472.L 'Reis area would include the triangu.ar shape�Highway 10 snown on the map on page 2. According to Minnesota Statutes Section 472A.02, Subdivision 11, a development district is a specs lc area within the corporate limits of a municipality which has been so designated and separately numlWrcd by the governing body. The City of (Mounds View also pans to eventually utilize the development finance provisions encompassed in Minnesota Statutes, Section 273.71-78, the Minnesota Tax Inicreinent Finimring Act, in eenjunctlon wan the designation of the municipal development district. C. Property Description The area to be encompassed by the proposed 'lunicipal .Development District is generally described as follows: Beginning at the point of intersection of the centerl,rie of Groveland Road, as extended, and the southwesterly rightof-wsy line of Trunk Highway 10, City of Mounds View, Minnesota; thence southeasterly from suid point and along said southwesterly right-of-way line of Trunk Highway 10 to a point of intersection with the center line of County Road 1, as extended; thence westerly, more or less, from said point and along said center like to a ocint of mierscction with the cente:lme of Grovchuid Road: thence northerly from said point and along said center line to the point of beginning. D. Rchdbihtation There are no existing structures in the ,uuni^ip.ii develonment district to be rehabilitated, therefore no rehabilitsttoi, program is regjired. E. Reloastion `io person: arc an!icipatcc to be displdccd as a result of development at this time. However, in the event of any relocation .f individuals or businesses, the City will comply with the Minnesota Uniform Relocation Act (M.U.R.A.), Minnesota Statutes, Section I17.50-55.