HomeMy WebLinkAboutResolution 96-EDA46
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RESOLUTION NO. 96-EDA46
A RESOLUTION APPROVING HOUSING REPLACEMENT PROGRAM
It is hereby resolved by the Board of Commissioners (the "Board") of the Mounds View Economic
Development Authority (the "Authority") as follows:
1. Recitals.
(a) The Authority has the powers provided in Minnesota Statutes, Sections 469.124 to
469.134 and 469.090 to 469.108 (collectively, the "Act").
(b) Pursuant to and in furtherance of the objectives of the Act, the Authority has undertaken
a program to promote development and redevelopment of certain land within the City of Mounds View
and in this connection is engaged in carrying out the Mounds View Economic Development Project (the
"Project") within the City.
(c) There has been approve pursuant to the Act a Project Plan for the Project.
(d) The redevelopment and development of property within the Project by private developers
are stated objectives of the Project Plan.
(e) In order to achieve the objectives of the Project Plan, the Authority has determined to
provide substantial aid and assistance through the financing of certain of the public costs of development.
(f) There has been presented to the Board a document detailing the proposed Housing
Replacement Program, the stated purposes of which include reducing the social costs of blight, making
better use of existing public infrastructure, and redistributing tax base to communities with higher levels
of fiscal needs. This Program's objectives include replacing smaller, lower-value housing on scattered
sites throughout the City with larger, new and higher-value housing designed for families, the elimination
of blighting influences and substandard housing, and the increase of available quality housing for families
within the City.
2. The Board hereby detennines that the Housing Replacement Program is consistent with and
would be in furtherance of the Project Plan and hereby approves that Program.
3. The Board hereby detennines that the implementation of the Housing Replacement Program will
help realize the public purposes of the Act and would be in furtherance of the Project Plan.
Adopted by the Board of Commissioners of the Mounds View Economic Development Authority on
_M-"'-"'-l3 ,1996. c2../~
President '
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ATTEST:
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Executive Director
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I, the undersigned, being the duly qualified and acting Executive Director of the Mounds
View Economic Development Authority, do hereby certify that I have carefully compared the
attached and foregoing resolution adopted at a special or regular meeting of the Board of
Commissioners of said Authority duly called and regularly held on the date therein indicated with
the original thereof on file in my office and I further certify the same is a full, true, and correct
copy thereof, insofar as the same related to the approval of a certain Housing Replacement
Program.
I further certify that Boardmember ~ \A.t\\ci-\ARb
moved the adoption of said
resolution, that Boardmember
" (' l1hE
seconded said motion, and that upon
a vote being taken thereon, the following Boardmembers voted in favor thereof:
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and the following Boardmembers voted against the same:
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whereupon said resolution was declared duly passed and adopted.
WITNESS my hand as such Executive Director of said Authority this \3 day of
M~~
,1996.
1~~iie,~VA-uJ--
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/Executiv~~irector, ..
. Mounds View Econormc
Development Authority