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HomeMy WebLinkAboutResolution 94-EDA-01 MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY . RESOLUTION NO. 94-EDA1 COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION ORGANIZING THE MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY AND ACCEPTING THE TRANSFER OF CERTAIN PROJECTS OF THE CITY, INCLUDING THE TAX INCREMENT FINANCING DISTRICTS THEREIN IT IS HEREBY RESOLVED by the Board of Commissioners (the "Board) of the Mounds View Economic Development Authority (the "EDA") as follows: 1. Recitals. (a) On March 28, 1994, the City of Mounds View, Minnesota (the "city"), acting through its City Council, adopted a certain enabling resolution establishing the EDA pursuant to Minnesota Statutes, Sections 469.090 through 469.108. (b) The City has heretofore established its Development District Nos. 1, 2, and 3 adopted the Development Programs therefor, and established certain Tax Increment Financing Act, presently codified in Minnesota Statutes, sections 469.134 and 469.174 through 469.179, respectively. . (c) Pursuant to Minnesota Statutes, Sections 469.094, Subdivision 2, the City has, by resolution of the Council, transferred the control, authority, and operation of the Development Project to the EDA, subject to EDA's acceptance thereof. 2 . Adoption of Bylaws and Appointment of Officers. The Board hereby (1) approves the Bylaws of the EDA attached hereto as Exhibit A, as presented for the Board's consideration, and (2) appoints and approves the following officers of the EDA: President: Jerry Linke Vice-President: Phyllis Blanchard Secretary: Diane Wuori Treasurer: Don Brager Executive Director/Assistant Treasurer: Samantha Orduno Clerk: Michele Severson 3. Acceptance of proiect Transfer. The Board hereby accepts the transfer authorized by the City to the EDA of the control, authority, and operation of the Development Project. Pursuant to Minnesota Statutes, section 469.094, Subdivision 2, the EDA may and shall exercise all of the powers that the City could exercise with respect to the Development Project, and the Board and the EDA hereby covenant and pledged to perform the terms, conditions, and covenants of all bond indentures and other . lJ ..... ~ RESOLUTION NO. 94-EDA1 PAGE TWO OF TWO ~agreements executed for the security of any bonds and undertaken with respect to the Development Project. other activities Adopted this 28 day of Ma~ch, 1994. (SEAL) ATTEST: .. ~.