HomeMy WebLinkAboutResolution 00-EDA130
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RESOLUTION NO. OO-EDA-130
MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION APPROVING AND AUTHORIZING THE EXPENDITURE OF TAX INCREMENT FUNDS FOR
THE DEMOLITION OF 2901 HIGHWAY 10
It is hereby resolved by the Board of Commissioners (the Board) of the Mounds View Economic
Development Authority (the Authority) as follows:
Section 1. Recitals.
1.01 The Authority has the powers 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 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.
1.03 There has been approved pursuant to the Act a Project Plan for the Project.
1.04 The redevelopment of property within the Project is a stated objective of the Project
Plan.
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1.05 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 public costs of Development.
1.06 In order to prepare the lot for redevelopment, it is necessary that the Authority provide
funding for the demolition of the Property.
1.07 In response to Requests for Proposals mailed to area contractors on May 12, 2000,
Staff has received five bids to accomplish the demolition of the Property.
Section 2. Resolved.
2.01 That the Board hereby determines that the Authority's expenditure to effectuate
demolition of the Property would be in furtherance of the Project Plan and hereby approves and
authorizes said action
2.02 That the Board of the Authority hereby authorizes the President and Executive Director
to award the contract to demolish Property to low bidder Dirt & Demolition, Inc., appropriating a
maximum of $6,028.80 in tax increment funds.
Adopted by the Board of Commissioners of the Mounds View Economic Development Authority this
12th day of June, 2000.
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Dan Coughlin, Presklent .
ATTEST:
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