HomeMy WebLinkAboutResolution 96-EDA49
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RESOLUTION NO. 96-EDA-49
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION APPROVING AND AUTHORIZING THE ACQUISITION OF 8265
SPRING LAKE ROAD UNDER T1-IE EDA'S 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) Pursuant to Minnesota Statues. Sections 469.124 to 469.134 and 469.090
to 469.108 (collectively, the "Act"), the Authority (i) has undertaken a program to
promote development and redevelopment of certain land within the City of Mounds View
and is engaged in carrying out the Mounds View Economic Development Project (the
"Project) within the City; (ii) has approved a Project Plan for the Project; and (iii) has
approved and adopted a Housing Replacement Program under and as an aspect of the
Project Plan.
(b) The redevelopment of property within the Project is a stated objective of
the Project Plan and the Housing Replacement Program.
(c) The stated purposes of the Housing Replacement Program 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. The Housing
Replacement 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.
(d) It has been proposed that the Authority acquire the property located in the
City at 8265 Spring Lake Road (the "Property") and that the Authority enter into a
purchase agreement and/or similar agreement (s) (collectively, the "Agreement") for that
acquisition and/or subsequent clearance of the property for redevelopment.
2. The Board hereby determines that the Authority's execution of the Agreement and
the subsequent acquisition and/or clearance of the Property would be in furtherance of the Project
Plan and the I-lousing Replacement Program and hereby approves and authorizes said actions,
including the execution of the Agreement by the officers of the Authority in their discretion and
at such time. if any. as they may deem appropriate.
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RESOLUTION NO. 96-EDA-49
P AGE TWO OF TWO
3. Upon execution and delivery of the Agreement, the officers and employees of the
Authority (including members of the City staff, acting in their capacity as staff to the Authority
as well) are hereby authorized and directed to take or cause to be taken such actions as may be
appropriate or necessary on behalf of the Authority to implement the Agreement, including the
acquisition of the Property, which is being accomplished for redevelopment purposes.
4. The Board hereby determines that the execution and performance of the
Agrecment and the acquisition of the Propcrty will help realize the public purposes of the Act
and are in furtherance of the Project Plan and the I-lousing Replacement Program.
Adopted by the Board of Commissioners of the Mounds View Economic Development
Authority on Junc 24, 1996.
ATTEST:
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Executive Director's Certificate
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 relates
to the approval of a certain acquisition under and specific
implementation of the EDA's Housing Replacement Program.
I further certify that Boardmember alA,:' c:...Ir...
moved the
adoption of said resolution, that Boardmember ~(\ "-ne-v-
seconded said motion, and that upon a vote being taken thereon, the
following Boardmembers voted in favor thereof: ~",k.e iO\~V'chG\.rd,
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.,.- ru.A..ct, Q u,lCL, I. ~ k.~eV'"
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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 -M- day of ::r u.ne...
Executiv rector
Mounds Vie Economic
Development Authority
324300.1