HomeMy WebLinkAboutEDA Resolution 12-EDA-274AMOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY
CITY OF MOUNDS VIEW
RAMSEY COUNTY
STATE OF MINNESOTA
RESOLUTION NO. 12 -EDA -274 f I
RESOLUTION ADOPTING A MODIFICATION TO THE PROJECT PLAN FOR
THE MOUNDS VIEW ECONOMIC DEVELOPMENT PROJECT AND ADOPTING
MODIFICATIONS TO THE TAX INCREMENT FINANCING PLANS FOR TAX
INCREMENT FINANCING DISTRICTS NOS. 1, 2, AND 3.
WHEREAS, it has been proposed by the Board of Commissioners (the "Board") of the
Mounds View Economic Development Authority (the "EDA") and the City of Mounds View (the
"City") that the EDA adopt a Modification to the Project Plan for the Mounds View Economic
Development Project (the "Project Plan Modification") and modifications to the Tax Increment
Financing Plans (the "TIF Plans") for Tax Increment Financing Districts Nos. 1, 2, and 3 (the
"TIF Districts") (the Project Plan Modification and the TIF Plans are referred to collectively
herein as the "Plans"), all pursuant to and in conformity with applicable law, including
Minnesota Statutes, Sections 469.090 to 469.1082, and Sections 469.174 to 469.1799, inclusive,
as amended (the "Act"), all as reflected in the Plans and presented for the Board's consideration;
and
WHEREAS, the EDA has investigated the facts relating to the Plans and has caused the Plans
to be prepared; and
WHEREAS, the EDA has performed all actions required by law to be performed prior to the
adoption of the Plans. The EDA has also requested the City Planning Commission to provide for
review of and written comment on the Plans and that the Council schedule a public hearing on
the Plans upon published notice as required by law.
NOW, THEREFORE, BE IT RESOLVED by the Board as follows:
1. The EDA hereby reaffirms that the Districts as modified herein are in the public
interest and are "redevelopment districts" under Minnesota Statutes, Section 469.174, subd. 10
(a)(1), and finds that the Modifications conform in all respects to the requirements ofthe Act and
will help fulfill a need to develop an area of the State of Minnesota which is already built up and
that the adoption of the proposed Modifications will help provide employment opportunities in
the State and in the preservation and enhancement of the tax base of the City and the State
because it will discourage commerce and industry from moving their operations to another state
or municipality and thereby serves a public purpose.
2. The EDA further finds that the Modifications will afford maximum opportunity,
consistent with the sound needs for the City as a whole, for the development or redevelopment of
the project area by private enterprise in that the intent is to provide only that public assistance
necessary to make the private developments financially feasible.
Resolution 12 -EDA -274
Page 2
3. Conditioned upon the approval thereof by the City Council following its public
hearing thereon, the Modifications, as presented to the EDA on this date, are hereby approved
and adopted and shall be placed on file in the office of the City Administrator.
4. Upon approval of the Modifications by the City Council, the staff, the EDAs advisors
and legal counsel are authorized and directed 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 farther plans, resolutions, documents and contracts necessary for this purpose.
Approval of the Modifications does not constitute approval of any project or a Development
Agreement with any developer.
5. Upon approval of the Modifications by the City Council, the City Administrator is
authorized and directed to forward a copy of the Modifications to the Minnesota Department of
Revenue and Office of the State Auditor pursuant to Minnesota Statutes 469.175, Subd. 4a.
Approved by the Board of Commissioners of the Mounds View Economic Development
Authority this 8th day of October, 2012.
j geNalicte, e ' t
ATTEST:
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James Ericson, Executive Director
(seal)
Mounds View Economic Development Project
13 L A I N E
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