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HomeMy WebLinkAboutResolution 5121 e . . RESOLUTION NO. 5121 CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION AUTHORIZING STAFF TO PROCEED WITH PREP ARING BEL RAE COMMUNITY CENTER PROJECT CONSTRUCTION CONTRACT SPECIFICATIONS, SOLICIT A TION OF BIDS, AND FINAL APPROVAL FOR EXPENDITURE OF T AX INCREMENT FUNDS IN CONNECTION WlTH THE PROJECT WHEREAS, the City Council ("Council") of the City of Mounds View ("City") has already given preliminary approval of the Bel Rae Community Centcr project and proposed redevelopment plans for the remainder of thc Bel Rae site as proposed by V.B. Digs to build a privately owncd volleyball complex adjacent to the Bel Rae Community Center (collectively referred to hereafter as "the Project"); and WHEREAS, the City cstablishcd Tax Incrcment Finance District No.4 (Redcvelopment District) ("TIF District No.4") on April 28, 1997 in connection with the Project; and WHEREAS, thc City and the Mounds View Economic Development Authority ("EDA") have entered into an Exclusivc Ncgotiation Agrcement with V.B. Digs in which tax increment finance assistance would be provided to be V.B. Digs for certain qualified reimbursable costs relating to land acquisition and public improvemcnts for the Project, including parking; and WHEREAS, the Council previously authorized the City to enter into a contract with W AI Continuum ("W AI") for architectural and design scrvices related to the Projcct and the architect has commenced work on thc architectural design for thc Project pursuant to the contract; and WHEREAS, the Council has authorized the City to enter into a construction manager agreemcnt with Flannery Construction, Inc. to scrve as construction manager for the Project; and WHEREAS, the City has requested the EDA to provide the City with tax increment funds in an amount not to exceed 4.5 million dollars in the form of a loan to finance the City's costs in connection with the Project; and WHEREAS, the City is currently in the process of negotiating leases with the Childrens Home Society of Minnesota and Independent School District No. 621 as tenants of certain leased premises of the City's owned portion of the Project. NOW, THEREFORE, BE IT RESOLVED, that the Council hereby authorizes City staff to work with the City's architect and construction manager to prepare construction contract specifications for the Project, solicit bids in accordance with the competitive bidding requirements RCL122523 MU205-4 1 . . . of state law, and take all the steps necessary to bring the lowest responsible bids before the Council for contract awards. BE IT FURTHER RESOLVED, that the Council authorizes the Mayor and City Clerk- Administrator to enter into a loan agreement with the EDA for a loan to the City by the EDA of up to 4.5 million in tax increment funds to finance the City's costs in connection with the Project. BE IT FINALLY RESOLVED, that the Council hereby grants final approval for the expenditure of up to 4.5 million in tax increment funds loaned to the City by the EDA to finance the City's costs in connection with the Project. Adopted by the City Council of the City of Mounds View, Minnesota this 12th day of May, 1997. ATTEST: Cflir (,j Chuck Whiting, jty C erk-Administrator RCL122523 MU205-4 2