HomeMy WebLinkAboutResolution 00-EDA132
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RESOLUTION NO. OO-EDA-132
MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION APPROVING ECONOMIC DEVELOPMENT PROJECT AND
TAX INCREMENT FINANCING AMENDMENTS
BE IT RESOLVED by the Board of Commissioners (the "Board") of the Mounds View
Economic Development Authority (the "EDA"), as follows:
Section 1.
Recitals.
1.01. It has been proposed that the EDA amend the Project Plan for the EDA's
Mounds View Economic Development Project (the "Project") and amend the tax increment
financing plans for the tax increment financing districts heretofore established within the Project
to reflect increased development goals, activities, expenses and bonded indebtedness; all
pursuant to Minnesota Statutes, Sections 469.001 through 469.047,469.090 through 469.108,
469.124 through 469.134, and 469.174 through 469.179, respectively (collectively, the "Plans"),
and all as reflected in the certain document entitled in part "Amendments Relating to the
Mounds View Economic Development Project of the Mounds View Economic Development
Authority," dated August 14, 2000, and presented for the Board's consideration.
1.02. The Board has investigated the facts relating to the Plans and has caused the
Plans to be prepared.
1.03. The EDA has performed all actions required by law to be performed prior to the
adoption and approval of the Plans, and has also requested that the Mounds View City Council
hold a public hearing on and thereafter consider approving the Plans.
Section 2.
Findinqs for the Adoption and Approval of the Plans.
2.01. The Board herby finds that the Plans are in the public interest and that the
proposed development 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 Plans conform to the general plan for the development or redevelopment of the City as a
whole; and that the Plans 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.
2.02. The Board further finds that the Plans are intended and, in the judgment of the
Board, their effect will be, to promote the public purposes and accomplish the objectives
specified in the tax increment financing plans and the Project Plan for the Mounds View
Economic Development Project.
2.03. The bases, reasons, supporting and justifications for the findings made in the
Plans and this Resolution include (a) the nature and location of the various properties to be
improved, the deficiencies respecting those properties, and the development and
redevelopment needs of the City, all of which necessitate tax increment and related public
assistance in order to facilitate the desired improvements; (b) the extensive tax increment
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application materials and justifications provided by or on behalf of The Mermaid; and (c) the
long period over which The Mermaid and the City have discussed and negotiated over this tax
increment redevelopment project.
Section 3.
Approval and Adoption of the Plans.
3.01. The Plans, as presented to the Board on this date, are hereby approved, ratified,
established, and adopted; provided that the foregoing approval is conditioned upon approval
thereof by the City Council following its public hearing thereon.
Adopted by the Board of Commissioners of the Mounds View Economic Development
Authority on August 14, 2000.
Commissioner Marty moved the adoption of the foregoing resolution, which motion was duly
seconded by Commissioner Quick, and upon vote being taken thereon, the following voted in
favor thereof: President Coughlin, Vice President Stigney, and Commissioners Marty, Quick,
and Thomason.
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el Ulrich, Interim EDA Executive Director
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Resolution No. 00-EDA-132
STATE OF MINNESOTA
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COUNTY OF RAMSEY
I, the undersigned, being the duly qualified Interim Executive Director of the Mounds View
Economic Development Authority, DO HEREBY CERTIFY that I have carefully compared the
attached and foregoing extract of the minutes of a duly called and regularly held meeting of the
EDA held on August 14th, 2000, with the original minutes thereof on file in the office of the EDA
Executive Director and I further certify that the same is a full, true, and correct transcript thereof
insofar as said minutes relate to the tax increment and related actions referenced therein with
respect to the Mounds View Economic Development Project.
WITNESS MY HAND officially and the official seal of the City this 14th day of August, 2000
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Interim Executive Director
Mounds View Economic Development Authority
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