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HomeMy WebLinkAbout1994-03-28 EDA AuthorizationMounds View City Council Page Three Regular Meeting March 28, 1994 Mayor Linke closed the public hearing at 7:35 p.m. MOTION/SECOND: Quick/Blanchard to Adopt ordinance No. 534 vacating Mustang Lane Street Right -Of -Way ROLL CALL VOTE: Mayor Linke - yes Acting Mayor Blanchard - yes Councilmember Quick - yes Councilmember Wuori - yes Councilmember Trude - yes 4 ayes 0 nays Motion Carried 7:05 p.m. Public Hearing on Establishment of Economic Development Aiii-hrvritv - Rp.qnlution No. 4352 Enablinq Resolution Establishinq Mounds View Economic Development Authority Under Minnesota –57c—d-F-.u–u--e-ls--,- Sections 469.090 through 469.108 Mayor Linke opened the public hearing at 7:36 p.m. Samantha Ordunof City Administrator, explained that the purpose of establishing an Economic Development Authority is to establish a formal, corporate entity in which to vest the economic development opportunities and activities of the City with a concentrated effort directed to business retention, housing rehabilitation and redevelopment. orduno further reported that the creation of an economic development mechanism is especially meaningful. to the City because it will utilize all of the legal opportunities afforded an EDA to further the economic development goals developed by the City Council and the FOCUS 2000 groups. orduno further explained that the process of establishing an EDA begins with the adoption of the Enabling Resolution which is a description of the duties and powers that the EDA will be authorized to use for economic development activities. MOTION/SECOND: Blanchard/Trude to Adopt Resolution No. 4352 Enabling Resolution Establishing the Mounds View Economic Development Authority Under Minnesota Statutes, Sections 469.090 through 469.108 VOTE: 5 ayes 0 nays Motion Carried Samantha orduno, City Administrator, reported that State Statutes permit the City, by resolution, to transfer the control, authority and operation of any project or program located within the city from the municipal government agency the established the project or program to the EDA. Orduno explained that Resolution No. 4533 Transferring to the Mounds View EDA the Control, Authority, and Operation of the City's Development Districts and Programs and the Tax Increment Financing Districts Therein transfers the control, authority and operation of the city's three economic development districts to the EDA. RESOLUTION NO. 4532 CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF MINNESOTA ENABLING RESOLUTION ESTABLISHING THE MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY UNDER MINNESOTA STATUTES, SECTIONS 469.090 THROUGH 469.108 BE IT RESOLVED by the City Council (the "Council") of the City of Mounds View, Minnesota (the "City"), as follows: 1. Recitals. The City is authorized pursuant to Minnesota Statutes, Sections 469.090 through 469.108 (the Economic Development Authority Act"), to establish an economic development authority for the City, and the Council desires to do so in order to promote the economic, commercial, housing, and industrial development and redevelopment of the City and in order to consolidate the activities heretofore undertaken by or on behalf of the City in those areas. The City has caused notice of a public hearing on the establishment by the City of an economic development authority to be published in a newspaper of general circulation in the City once each week for two consecutive weeks, and pursuant to such notice, a public hearing on said question has been held by the Council on the date hereof, at which hearing all persons desiring to present their oral or written comments on this proposal were given an opportunity to do so. 2. Establishment of Economic Development Authority. Pursuant to the Economic Development Authority Act, the Council hereby establishes an economic development authority for the City, to be known as the Mounds View Economic Development Authority (the "EDA"). The EDA shall be governed by a board of commissioners thereof consisting of the five members of the Council, and the term of each such commissioner of the EDA shall coincide with that commissioner's membership on the City Council. 3. Powers.. The EDA shall have all powers given to an economic development authority pursuant to the Economic Development Authority Act, as the same may be amended or supplemented. Adopted by the City Council of the City of Mounds View, this 28th day of March, 1994. ATTEST: W (SEAL) CITY ADMINISTRATOR. MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION NO. 94-EDAI COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION ORGANIZING THE MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY AND ACCEPTING THE TRANSFER OF CERTAIN PROJECTS OF THE CITY, INCLUDING THE TAX INCREMENT FINANCING DISTRICTS THEREIN IT IS HEREBY RESOLVED by the Board of Commissioners (the "Board) of the Mounds View Economic Development Authority (the "EDA") as follows: 1. Recitals. (a) On March 28, 1994, the City of Mounds view, Minnesota (the "City"), acting through its City Council, adopted a certain enabling resolution establishing the EDA pursuant to Minnesota Statutes, Sections 469.090 through 469.108. (b) The City has heretofore established its Development District Nos. 1, 2, and 3 adopted the Development Programs therefor, and established certain Tax Increment Financing Act, presently codified in Minnesota Statutes, Sections 469.134 and 469.174 through 469.179, respectively. (c) Pursuant to Minnesota Statutes, Sections 469.094, Subdivision 2, the City has, by resolution of the Council, transferred the control, authority, and operation of the Development Project to the EDA, subject to EDA's acceptance thereof. 2. Adoption of Bylaws.and Appointment of Officers. The Board hereby (1) approves the Bylaws of the EDA attached hereto as Exhibit A, as presented for the Board's consideration, and (2) appoints and approves the following officers of the EDA: President: Jerry Linke Vice -President: Phyllis Blanchard Secretary: Diane Wuori Treasurer: Don Brager Executive Director/Assistant Treasurer: Samantha Orduno Clerk: Michele Severson 3. Acceptance of Proiect Transfer. The Board hereby accepts the transfer authorized by the City to the EDA of the control., authority, and operation of the Development Project. Pursuant to Minnesota Statutes, Section 469.094, Subdivision 21 the EDA may and shall exercise all, of the powers that the City could exercise with respect to the Development Project, and the Board and the EDA hereby covenant and pledged to perform the terms, conditions, and covenants of all bond indentures and other RESOLUTION NO. 94-EDA1. PAGE TWO OF TWO agreements executed for the security of any bonds and other activities undertaken with respect to the Development Project. ATTEST: (SEAL)