HomeMy WebLinkAboutResolution 05-EDA204
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EDA RESOLUTION NO. 05-EDA-204
CITY OF MOUNDS VIEW
MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION REQUESTING THE MOUNDS VIEW CITY COUNCIL SET A PUBLIC
HEARING ON THE PROPOSED ADOPTION OF A MODIFICATION TO THE
DEVELOPMENT PROGRAM FOR THE MOUNDS VIEW ECONOMIC DEVELOPMENT
PROJECT AND THE PROPOSED ESTABLISHMENT OF TAX INCREMENT
FINANCING DISTRICT NO.5 (A SPECIAL LEGISLATION ECONOMIC
DEVELOPMENT DISTRICT) AND THE ADOPTION OF A TAX INCREMENT
FINANCING PLAN.
WHEREAS, the City Council ("Council") of the City of Mounds View, Minnesota
("City") established the Mounds View Economic Development Project pursuant to
Minnesota Statutes, Sections 469.174 to 469.1799, inclusive, as amended, in an effort
to encourage the development and redevelopment of certain designated areas within
the City; and
WHEREAS, the EDA is proposing a Modification to the Development Program for
the Mounds View Economic Development Project and the establishment of Tax
Increment Financing District No. 5 therein and the adoption of a Tax Increment
Financing Plan therefore, all pursuant to, and in accordance with, Minnesota Statutes,
Sections 469.174 to 469.1799 and Sections 469.090 to 469.1082, inclusive, as
amended;
NOW, THEREFORE BE IT RESOLVED by the Mounds View Economic
Development Authority as follows:
1. The EDA hereby requests that the Council call for a public hearing on August 22,
2005 to consider the proposed adoption of a Modification to the Development Program
for the Mounds View Economic Development Project ("Development Program
Modification") and the proposed adoption of a Tax Increment Financing Plan ("TIF
Plan") for Tax Increment Financing District NO.5 (TIF District No.5), a special
legislation economic development tax increment financing district, (the Development
Program Modification and the TIF Plan are referred to collectively herein as the
"Program Modification and TIF Plan") and cause notice of said public hearing to be
given as required by law.
2. The EDA directs the Executive Director to transmit copies of the Program
Modification and TIF Plan to the Planning Commission of the City and requests the
Planning Commission's written opinion indicating whether the proposed Program
Modification and TIF Plan are in accordance with the Comprehensive Plan of the City,
prior to the date of the public hearing.
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3. The Executive Director of the EDA is hereby directed to submit a copy of the
Program Modification and TIF Plan to the Council for its approval.
4. The EDA directs the Executive Director to transmit the Program Modification and
TIF Plan to Ramsey County and Mounds View School District No. 621, in which TIF
District No.5 is located in, not later than July 22,2005.
Adopted this 2ih day of June, 2005 by the City
of Mounds ~iew.
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Rob'Marty, Mayor ~
ATTEST:
L&-'b ~O
Kurt Ulrich, City Administrator
(seal)