HomeMy WebLinkAboutEDA Resolution 06-EDA-221RESOLUTION NO. 06 -EDA -221
MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION APPROVING AND AUTHORIZING THE EXPENDITURE OF TAX
INCREMENT FUNDS FOR THE DEMOLITION AND RESTORATION OF 2390
COUNTY ROAD 10 FOR THE PURPOSE OF BLIGHT ELIMINATION AND FUTURE
REDEVELOPMENT
It is hereby resolved by the Board of Commissioners (the Board) of the Mounds
View Economic Development Authority (the Authority) as follows:
Section 1. Recitals.
1.01 The Authority has the powers provided in Minnesota Statutes, Sections
469.124 to 469.134 and 469.090 to 469.108 (collectively, the Act).
1.02 Pursuant to and in furtherance of the objectives of the Act, the Authority
has undertaken a program to promote 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.
1.03 There has been approved pursuant to the Act a Project Plan for the
Project.
1.04 The redevelopment of property within the Project is a stated objective of
the Project Plan.
1.05 In order to achieve the objectives of the Project Plan, the Authority has
determined to provide substantial aid and assistance through the financing of certain
public costs of development.
1.06 It has been proposed that the Authority demolish the property located in
the City at 2390 County Road 10 (the Property) and that the Authority approve the
demolition contract and /or similar contract(s) (collectively, the Contract) attached as
"Exhibit A" for the demolition of the Property for the purposes of redevelopment.
Section 2. Resolved.
2.01 The Board hereby determines that the Authority's execution of the
Contract and the subsequent demolition and site restoration of the Property would be in
furtherance of the Project Plan and hereby approves and authorizes said actions,
including the execution of the Contract by the officers of the Authority in their discretion
and at such time, if any, as they may deem appropriate.
2.02 Upon execution of the contract, the officers and employees of the
Authority (including members of the City Staff, acting in their capacity as staff to the
Authority as well) are hereby authorized and directed to take or cause to be taken such
actions as may be appropriate or necessary on behalf of the Authority to implement the
Contract, including the demolition and site restoration of the Property, which is being
accomplished for blight elimination and redevelopment purposes.
2.03 That the Board of the Authority hereby determines that the execution and
performance of the Contract with Kevitt Excavating and demolition of the Property and
site restoration will help realize the public purposes of the Act and are in furtherance of
the Project Plan and authorizes the President and Executive Director to appropriate a
maximum of $27,400 plus asbestos abatement costs to be determined, of tax increment
funds.
Adopted by the Board of Commissioners of the Mounds View Economic
Development Authority this 24th day of July 2006.
ATTEST:
Kurt Ulrich, Executive Director
Rob Marty, President
Exhibit A: Demolition Contract
Jul 20. 2006 9.54AM key i c alp a ►c
Kevitt Excava ing LLC
Date: 0740-06
Pennsylvania Avenut N
To Yim IMMO
City Mout& View
7 7i 7,4021
73.71 4
5 427 763) 3557 Fax: 0763)
Phone 7
Fax 7 5
10
Signature