HomeMy WebLinkAboutResolution 00-EDA123
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RESOLUTION NO. 00-EDA-123
MOUNDS VIE'V ECONOl\lIC DEVELOPMENT AUTHORITY
COUNTY OF RAlVISEY
STATE OF MINNESOTA
RESOLUTION APPROVIt\G AND AUTHORIZING THE EXPENDITURE OF TAX INCREMENT
FUNDS FOR THE DEMOLITION OF HOME AT 2225 HILL VIEW ROAD
AS PART OF THE EDA HOUSING REPLACEMENT PROGRAM
It is herehy rcsolved by the Board ofCommissioncrs (thc "Board") of the Mounds View
Economic Development Authority (the "Authority") as follows:
Section I. Recitals.
1.01 The Authority has the pO\vers provided in Minnesota Statutes, Sections
469.124 to 469.134 and 469.090 to 469.108 (collectively, the "Act").
1.02 Pursuant to and in furtherance of the objectives of the Act, the Authority has
undertaken a program to promote development and redevelopment of ce11ain land within the
City of Mounds View and in this connection is engaged in canying out the Mounds View
Economic Development Project (thc "Project") within the City.
1.03 There has heen approved pursuant to the Act a Project Plan lor the Project.
1.04 The Housing Replacement Program has becn adopted under and as part o[the
Project Plan.
1.05 The redevelopmcnt of property within the Project is a stated objectivc of the
Project Plan and the I-lousing Replacement Program.
1.06 In order to achicvc thc objectivcs of the Project Plan, the Authority has
detC1l11ined to provide substantial aid and assistance through the financing of certain public
costs of Development.
1.07 The stated purposes of thc Housing Replaccment Program include reducing the
social costs ofblighL making better use of 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 scattcred sites throughout the
City with larger. new and higher-value housing designed for families, the elimination of
blighting intluenccs and substandard housing, and the increase of available quality housing for
[amilies within the City.
1.08 On J L1nc 28, 1999, the Authority approved for participation in the Program and
authorizcd purchase ofthc home located at 2225 Hillview Road (the "Propcrty").
1.09 In order to prepare the lot [or redevelopmcnt, it is necessary that the Authority
provide funding for the demolition of the Property.
1.10 In responsc to Requests for Proposals mailed to area contractors on February 9,
2000, Staff has received five bids to accomplish the demolition of the Propcrty.
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RESOLUTION #OO-EDA-I23
PAGE20F2
Section 2. Resolvcd.
2.01 That the Board hcrcby determines that thc Authority's cxpenditurc to cffectuate
dcmolition orthe Property would be in rurtherance of the Projcct Plan and the I-lousing
Replacemcnt Program and hereby approves and authorizes said action
2.02 That the Board ofthc Authority hereby authorizes the Prcsident ancl Executive
Dircctor to award the contract to dcmolish Property to lo\\' biddcr Kevitt Excavation, Inc.,
appropriating a maximum orS7.590 in tax increment funds.
Adopted by the Board ofCol11lllissioners orthe Mounds Vie\\' Economic Devclopment
Authority this 28th day of Fcbruary, 2000.
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,pan. Cough I iil. President
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ATTEST:
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