HomeMy WebLinkAboutResolution 01-EDA145
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RESOLUTION 01-EDA-145
MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION AUTHORIZING THE EXPENDITURE OF TIF FUNDS TO PLANNING
AND TRANSPORTATION CONSULTANT URS/BRW TO UNDERTAKE AND
PERFORM THE HIGHWAY 10 REVITALIZATION AND RECONSTRUCTION STUDY
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.
1.05 In order to achieve the objectives of the Project Plan, the Authority has
determined a need to undertake a comprehensive County Highway 10 corridor study.
1 .06 It has been proposed that the Authority approve and authorize the
expenditure of TIF funds to compensate planning and transportation consultant
URS/BRW for their work in completing this Highway 10 corridor study.
Section 2. Resolved.
2.01 The Board hereby determines that the Authority's expenditure of tax
increment funds would be in furtherance of the Project Plan and hereby approves and
authorizes said action.
2.02 That the Board of the Authority hereby determines that the expenditure
of funds will help realize the public purposes of the Act and are in furtherance of the
Project Plan and authorizes the President and Executive Director to utilize a
maximum of $95,000 in tax increment funds to undertake and complete the corridor
study.
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Res.01-EDA-145
April 9, 2001
Page 2
Adopted by the Board of Commissioners of the Mounds View Economic Development
Authority this 9th day of April, 2001.
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Richa;honte-rre, resident
ATTEST:
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Katnleen Miller, Executive Director
Motion: _ Marty_
Second: __ Quic~._
Sonterre: aye
Stigney: . aye
Quick: <lye
Nlarty: ayc
Thomas: J.vc
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