HomeMy WebLinkAboutEDA Resolution 06-EDA-223RESOLUTION NO. 06-EDA-223
MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION APPROVING AND AUTHORIZING THE EXPENDITURE OF TAX
INCREMENT FUNDS FOR PLANNING AND MARKET RESEARCH ANALYSIS
ASSOCIATED WITH THE PROPERTY AT 2390 COUNTY ROAD 10 AND
SURROUNDING AREA
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 It has been proposed that the Authority conduct a land planning and market
research analysis of the subject property located in the City at 2390 County Road 10 (the
Property) and other property in this area consistent with the proposal and contract dated
August 4, 29006 submitted by the firm DSU / Bonestroo.
Section 2. Resolved.
2.01 The Board hereby determines that the Authority's execution of the contract
and the subsequent planning activity 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 provision of background information and any data useful in the completion of the
proposed study, which is being accomplished for blight elimination and proactive
redevelopment purposes.
Resolution 06-EDA-223
Page 2
2.03 That the Board of the Authority hereby determines that the execution and
performance of the Contract with DSU / Bonestroo 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 $14,000 of tax increment funds.
Adopted by the Board of Commissioners of the Mounds View Economic
Development Authority this 11th day of September, 2006.
~__
Rob Marty, President
ATTEST:
~~
Kurt Ulrich, Executive Director