HomeMy WebLinkAboutResolution 95-EDA27
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MOUNDS VIEW ECONOMIC D~JELOPMENT AUTHORITY
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION NO. 95-EDA-27
RESOLUTION APPROVING BUSINESS LOAN PROGRAM
BE IT RESOLVED by the Board of Commissioners (the "Boarei:")
of the Mounds View Economic Development Authority (the "EDA") "",.
follows:
Section 1. Recitals.
1.01~ The EDA has adopted and approved the Mounds View
Economic Development Project, including the "Project Plan" for
the development, redevelopment and revitalization of the City of
Mounds View.
1.02. By action and approvals taken on May 9, 1994, the
Board approved certain goals of the Project Plan, including the
retention, rehabilitation and preservation of the commercial and
industrial facilities and tax base of the City and the
implementation of business loan programs.
1.03. By Resolution No. 95-EDA 23 adopted on February 13,
1995, the Board has given its general consent and approval to a
small business loan program for Mounds View businesses, and in
the interim there have been prepared and submitted on the date
hereof for the Board's consideration the forms, statements of
goals, draft participation agreement and other materials pursuant
to which the EDA would implement that program (collectively, the
"Loan Program") .
Section 2. Findinqs for the Adoption and Approval of the
Loan Proqram.
2.01. The Board hereby finds that the Loan Program would be
in the public interest and that the proposed development and
redevelopment would not occur solely through private investment
within the reasonably foreseeable future and, therefore, the use
of tax increment financing is deemed necessary; that the Loan
Program conforms to the Project Plan and to the general plan for
the development or redevelopment of the City as a whole; and that
the Loan Program will afford maximum opportunity, consistent with
the sound needs of the City as a whole, for the development of
the Mounds View Economic Development Project by private
enterprise.
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2.02. The Board further finds that the Loan:';,",;,.. ..,
intended and, in the judgment of the Board, its et':/'.i:>:, .. ._.'...
to promote the public purposes and accomplish .the .., ~,:.'/" ..
specified in the -tax increment financing plans an6,'
Plan for the Mounds View Economic Development proj.'"
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Section:. Approval and Adootion of the Loan Proqram.
3 . 01. The Loan Program, as presented to the Do, :~>:(~,:::.:', '~',~J.iE
date, is hereby approved, established, and adopted.
Adopted by the Board of Commissioners of the .(ViOtl}AG.~::.., \; .,~.~.:::f
Economic Development Authority on Tllnp '1. -,~-'S .
Commissioner Hankner moved the ?l.dn( '<.
foregoing resolution, which motion was duly second.~(~ :J'j'
Commissioner Ouick , and upon vote being tak~
thereon, the following voted in favor thereof~
President Linke Commissioner Quick
Commissioner Trude Commissioner Hankner
Commissioner Blanchard
and the following voted against the same:
o nays
ATTEST:
cz~~
./,_preSTClent
(SEAL)
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SECRETARY'S CERTIFICATE
I, the undersigned, being the duly qualified and acting
Secretary of the Mounds View Economic Development Authcrit.y v DO
HEREBY CERTIFY that I have carefully compared the attach'3d ,~L';'"
foregoing extract of minutes of a duly called and regularly I,,,-,,~j,{::;
meeting of the EDA'held on
June .5
, 1995, 'lfJi t',h;' ~";,:.,
original minutes thereof on file in my office and that the same
is a full, true, and correct transcript thereof insofar as Dai.d
minutes relate to the approval of a certain business loan proqraro
within and for the benefit of the EDA's Mounds View Economic
Development Project.
WITNESS My hand officially and the official seal of the EDA
this ~ day of
June
, 1995.
Secretary
Mounds View Economic Development
Authority
( SEAL)
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