HomeMy WebLinkAboutResolution 00-EDA137
.
.
.
l\10Ur\DS VIEW Ee'ONOMle DEVELOPMENT AUTHORITY
RAMSEY COUNTY
STATE OF MfNNESOTA
Commissioner Quick introduced the following resolution and moved its adoption:
RESOLl;TION 1\'0. OO-EDA-137
RESOLUTION ADOPTING CLARIFICATIONS OF PRIOR BUDGETS AND i\10DIFICATIONS
TO THE TAX INCREME~T FINANCING IlLA~S FOR TAX Il\CREMENT FINANCI1\'G
DISTRICTS l\'OS. I, 2 Al\'D 3. WITHIl\' THE MOUNDS VIEW ECONOMIC DEVELOPMENT
IlROJECT AREA AND ADOPTING THE )lOI>IFICATION TO THE TAX INCRE)lENT
FINANCING PLAN THEREFORE.
BE IT RESOLVED by the Board of Commissioners (the "Board") of the Mounds View
Economic Development Authority. Minnesota (the "EDA"). as follows:
Section 1.
Recitals.
1.01. The Board of Commissioners (the "Board") of the Mounds View Economic Development
Authority (the "EDA") has heretofore established the Mounds View Economic Development Project Area
and adopted the Development Program therefore and established Tax Increment Financing Districts Nos.
1, 2 and 3 and adopted the Tax Increment Financing Plan therefore. It has been proposed that the Board
restate and confirm prior budgets and adopt Modifications to the Tax Increment Financing Plans (the
"Modifications") for Tax Increment Financing Districts Nos. 1.2 and 3 (the "District"), all pursuant to
and in confomlity with applicable law. including Minnesota Statutes, 469.090 through 469.1081, and
Sections 469.174 to 469.179, inclusive as amended (the "Act"), all as retlected in the Modifications, and
presented for the Board's consideration.
1.02. The Board has investigated the facts related to the Clarifications and Modifications and
has caused the Modifications to be prepared.
1.03. The City has performed all actions required by law to be performed prior to the adoption
and approval of the proposed Modifications. including, but not limited to, notification of Ramsey County
and Independent School District No. 621 having taxing jurisdiction over the property included in the
District, and the holding ofa public hearing upon published notice as required by la\'/.
1.04. The City is not modifying the boundaries of Mounds View Economic Development
Project Area.
1.05. The City is not modifying the boundaries nor term of the Districts.
Section 2. Findings l'or the Tax Increment Plan Modification
2.01. The Board hereby reatTirms the original findings for the District, namely that when the
Districts were established, they were established as "redevelopment districts" under Minnesota Statutes.
Section 469.174, subd. 10 (a)(1). In addition, the Board makes the following findings:
(a)
The Modifications conform to the general plan for development or
.
redevelopment of the City as a whole. The reason for supporting this finding is that the
Modifications will generally compliment and serve to implement policies adopted in the
City's comprehensive plan.
(a)
The Modifications will afford maximum opportunity, consistent with the sound
needs of the City as a whole, for the development or redevelopment of Mounds View
Economic Development Project Area by private enterprise. The reason for supporting
this finding is that the development activities are necessary so that development and
redevelopment by private enterprise can occur within the Mounds Vie\v Economic
Development Project Area.
Section 3.
Public Purpose
3.01. The adoption of the Modifications COnf0n11 in all respects to the requirements of the Act
and will help fulfill a nccd to develop an area of the State which is already built up, to provide
employment opportunities, to improve the tax base and to improve the general economy of the State and
thereby serves a public purpose.
Section 4.
Approval and Adoption ofthc Modifications: Filing.
4.01. The prior budgets arc hereby restated, elarified and confirmed and the Modifications are
approved, and shall be placed on file in the oftice ofthe EDA Executive Director. Approval of the
\1odifications does not constitute approval of any project or a development agreement with any
developer.
.
4.02. The staff oCthe EDA are authorized to file the Modifications with the Commissioner of
Revenue and the Ramsey County Auditor.
4.03. The staff of the EDA, the EDA's advisors and legal counsel are authorized and dircctcd to
proceed with the implementation of the Modifications and for this purpose to negotiate, draft:, prepare and
present to this Board for its consideration all further modifications, resolutions. documents and contracts
necessary for this purpose.
The motion for the adoption of the foregoing resolution was duly seconded by Vicc-President
Stigncy, and upon a vote being taken thereon, the following voted in favor thereof:
President Coughlin, Conunissioner Marty,
and the following voted against the same:
None
Dated: November 13, 2000
0"1' /'//) /.. /
../ (I/-' ,: I ( ~
I~'-' ,~,llA '
Dan CO~gh1;t.prdi ent'~
.\ ..'/'
~'\,........~ ..// '-
~...- .
(Seal)
A TrEST:
j
Executive Director