HomeMy WebLinkAbout09-05 - ADMIN Resolution - Economic Development Authority - 2009/04/06ST. LOUIS PARK ECONOMIC DEVELOPMENT AUTHORITY
EDA RESOLUTION NO. 09-05
Q
RESOLUTION AUTHORIZING BADER DEVELOPMENT'S SUBMITTAL OF A
GRANT APPLICATION TO
HENNEPIN COUNTY'S TRANSIT ORIENTED DEVELOPMENT PROGRAM
WHEREAS, Bader Development, as a private, for-profit developer, is eligible to make direct
application for grant funds from Hennepin County's Transit Oriented Development Program; and
WHEREAS, Bader Development has submitted an application requesting grant funds from
the Hennepin County Transit Oriented Development Program; and
WHEREAS, the grant funds will be used for certain Public Improvement Costs associated
with the proposed Ellipse on Excelsior redevelopment project at the southeast corner of 36d' Street
and Wooddale Avenue in the City of St. Louis Park; and
WHEREAS, the Hennepin County Transit Oriented Development Program Guidelines
requires the municipality in which a project is located to adopt a resolution authorizing the
developer's submittal of a grant application and execution of subsequent agreements and contracts;
NOW, THEREFORE, BE IT RESOLVED that the St. Louis Park Economic
Development Authority, in accordance with Minnesota Statutes 383B.77, subd. 3., supports Bader
Development's submission of a Transit Oriented Development Program grant application to the
Hennepin County Housing and Redevelopment Authority on or before February 26, 2009 for the
proposed Ellipse on Excelsior project and that the President and Executive Director are hereby
authorized execute such agreements as are necessary to implement the project on behalf of the
Attest
Adopted by the Economic Development Authority
April 6, 2009
President