HomeMy WebLinkAbout1995-EDC-07EDC RESOLUTION NO. 95-EDC7
RESOLUTION RECOMMENDING THE ECONOMIC DEVELOPMENT
AUTHORITY'S CONSIDERATION OF TAX INCREMENT FINANCING FOR THE
PROPOSED BRIDGES TECHNOLOGY PARK
WHEREAS, BelAir Builders and their clients outlined preliminary plans for construction
of the "Bridges Technology Park" on Coral Sea Drive in Mounds View at the Economic
Development Commission meeting on May 25, 1995; and
WHEREAS, the proposal is for a 31,000-33,000 square foot office/showroom facility on
2.7 acres located at lot 3 of Doug Watson's property directly abutting the Bridges Practice
Range,and
WHEREAS, the main occupant of the building, and investor, will be a medical
distribution company specializing in home care pharmaceuticals, and
WHEREAS, the company will be requesting tax increment financing from the Mounds
View Economic Development Authority to assistance in the development of the property for
the proposed facility, and
WHEREAS, the Economic Development Commission's mission includes acting as an
advisory to the Economic Development Authority with regards to the attraction of quality new
businesses; and
WHEREAS, The Economic Development Commission sees the development of a
technology park next to the Bridges Golf Facility as an enhancement to the overall economic
vitality of the City of Mounds View.
NOW, THEREFORE, BE IT RESOLVED THAT the Economic Development
Commission hereby recommends that the Economic Development Authority consider tax
increment financing assistance for the "Bridges Technology Park" as proposed by BelAir
Builders on May 25, 1995.
Adopted by the Economic Development Commission of the City of Mounds View this
25th day of May, 1995.
ATTEST: /` "
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Chair
(SEAL)
Economic D I ment Coordinator