HomeMy WebLinkAboutResolution 98-EDA83RESOLUTION NO. 98-EDA-83
CITY OF MOUNDS V�W
COUNTY OF RAMSEY
STATE OF M]�1NESOTA
A RESOLUTION APPROVING AMENDMENTS TO THE HOUSING REPLACEMENT PROGRAM
It is hereby resolved by the Board of Commissioners (the "Board") of the Mounds View Economic
Development Authority (the "Authority") as follows:
l. Recitals.
(a) Pursuant to Minnesota Statutes, Sections 469.124 to 469.134 and 469.090 to 469.108
(collectively, the "Act"), the Authority (i) has undertaken a program to promote the 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; (ii) has
approved a Project Plan for the Project; and (iii) has approved and adopted a Housing Replacement
Program under and as an aspect of the project plan.
(b) The redevelopment of property within the project is a stated objective of the Project
Plan and the Housing Replacement Program.
(c) The Housing Replacement Progra.m's objectives include replacing lower-value housing
on scattered sites throughout the City with larger, new and higher value housing designed for families,
the elimination of blighting influences and the increase of available quality housing for families within
the City. .
(d) Including the addition and replacement of language which includes but is not limited
to; (i) change the Property Eligibility Criteria to require review of "property value"; (ii) allow
consideration of tenant occupied properties on a case-by-case basis; (iii) consider the sale of property to
a builder or developer without a buyer to sell on the open market. The changes are being presented as
amendments to the Housing Replacement Program. �
2. The Board hereby determines that including (i) changing the Property Eligibility Criteria by
adding a requirement to review "property value"; (ii) allowing consideration of tenant occupied properties on a
case-by-case basis; (iii) considering the sale of property to a builder or developer without a buyer to sell on the
open market; is consistent with and would be in furtherance of the Project Plan and hereby approves that
Program.
3. The Board hereby determines that the implementation of tliese amendments will help realize
the public purpose of the Act and would be in furtherance of the Project Plan
Adopted by the Board of Commissioners of the Mounds View Economic Development Authority on
February 9, 1998.
,
uane McCa , President
ATTEST:
CJ�!JC. � '
.
Charles S. Whiting, Ex utive Director