Agenda Packets - 1986/10/06 - Laserfiche WebLink

Home Browse Search

R. Relocation No persons are anticipated to bo displaced as a result of the development. However, In the event of any relocation of Individuals or businesses, the FIN City accepts Its binding obligations under provisions of federal and state law, Minnesota Statutes, Section 117.50 through 117.56 for relocation and will administer payment benefits to individuals and businesses to be displaced by public action. Development Program Municipal Development District No. 2 is being created for the purpose of assisting present and futur± developers with the public improvements associated with commercial/industrial development in the district. The City of Mounds View is authorized to use eminent domain, Issue bonds and to acquire, construct, reconstruct, improve, alter, extend, operate, maintain and promote development programs In each municipal development district created. Tex Increments will be utilized to assist in the financing of street upgrcding, water, sewer and other public Improvement costs associated with providing a suitable site for current new construction of commercial/Industrial buildings and other future development. Statement of Objectives The City Council of the City of Mounds View, Minnesota, determines that it is necessary, desirable and in the public interest to establish, designate, develop, and administer Development District No. 2 In the City of Mounds View pursuant to the provisions of Minnesota Statutes, Chapter 472A. The City of Mounds View determines that the funding of the necessary activities and Improvements in Development District No. 2 shall be accomplished through tax Increment financing In accordance with Minnesota Statutes, Seetions 270.71-79. The City cf Mounds View and the Mounds View City Council seek to achieve the following objectives through this development plan: a. Acquire land or spree which is vacant, unused; underused, or lnapproprintely used. b. Eliminate or correct physical deterrents to the development of land. c. Acquire property containing structurally substandard buildings and remove structurally substandard buildings for which rehabilitation is not feasible. d. Eliminate blighting Influences which impede potential development. e. Provide adequate streets, sidewalks, and other public Improvements to enhance the area for new development.