HomeMy WebLinkAbout1998-EDC-22MOUNDS VIEW ECONOMIC DEVELOPMENT COMMISSION
RESOLUTION NO. 98 -EDC -22
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION RECOMMENDING THE ECONOMIC DEVELOPMENT AUTHORITY'S
CONSIDERATION TO APPROPRIATE TAX INCREMENT FINANCING TO PROMOTE AND
IMPLEMENT A "HOME IMPROVEMENT FAIR"
WHEREAS, due to the age and condition of the city's housing stock it is important to
encourage reinvestment in the community to avoid blight and to upgrade the quality, livability
and marketability of the housing stock; and
WHEREAS, a "Home Improvement Fair' would work to promote home improvement and
remodeling of the city's housing by providing resources needed for homeowners to improve
their home; and
WHEREAS, a "Home Improvement Fair" would be a venue for marketing city sponsored
housing programs as well as other housing programs and funding sources to Mounds View
homeowners; and
WHEREAS, cities which have held home improvement fairs indicate investments in fairs are a
break even venture with revenue coming from the rental of booths; and
WHEREAS, the Economic Development Commission's mission includes acting as an advisor to
the Economic Development Authority with regards to economic matters; and
WHEREAS, the Economic Development Commission finds that the use of tax increment
financing to promote and implement a "Home Improvement Fair" for the spring of 1999 is
consistent with the City's tax increment policies.
NOW THEREFORE, BE IT RESOLVED that the Economic Development Commission of the
City of Mounds View hereby recommends that the Economic Development Authority approve
$2,500 of tax increment funds to develop a "Home Improvement Fair" for the spring of 1999.
Adopted this 23th day of April, 1998.
ATTEST:
Chair
(SEAL)
City Administr for