HomeMy WebLinkAbout08-17 - ADMIN Resolution - Economic Development Authority - 2008/11/17ST. LOUIS PARK ECONOMIC DEVELOPMENT AUTHORITY
CITY OF ST. LOUIS PARK
HENNEPIN COUNTY, STATE OF MINNESOTA
EDA RESOLUTION NO. 08-17
RESOLUTION REQUESTING THE CITY COUNCIL OF THE CITY OF ST.
LOUIS PARK CALL FOR A PUBLIC HEARING ON THE MODIFICATION OF
REDEVELOPMENT PROJECT NO. 1 AND THE ESTABLISHMENT OF THE
ELLIPSE ON EXCELSIOR TAX INCREMENT FINANCING DISTRICT (A
REDEVELOPMENT DISTRICT).
BE IT RESOLVED, by the Board of Commissioners (the "Board") of the St. Louis Park
Economic Development Authority, Minnesota (the "EDA") as follows:
WHEREAS, the City Council (the "Council") of the City of St. Louis Park, Minnesota (the
"City") established Redevelopment Project No. 1 pursuant to Minnesota Statutes, Sections 469.174
to 469.1799, inclusive, as amended (the "TIF Act"), in an effort to encourage the development and
redevelopment of certain designated areas within the City; and
WHEREAS, the EDA is proposing the modification of Redevelopment Project No. 1 and the
establishment of the Ellipse on Excelsior Tax Increment Financing District, pursuant to, and in
accordance with, the TIF Act and Minnesota Statutes, Sections 469.090 to 469.1082, inclusive, as
amended;
NOW, THEREFORE BE IT RESOLVED by the Board as follows:
1. The EDA hereby requests that the Council call for a public hearing to be held on January 20,
2009, to consider the proposed adoption of the Modification to the Redevelopment Plan for
Redevelopment Project No. 1 and the proposed adoption of the Tax Increment Financing Plan
for the Ellipse on Excelsior Tax Increment Financing District (collectively, the "Plans") and
cause notice of said public hearing to be given as required by law.
2. The EDA directs the Executive Director to transmit copies of the Plans to the Planning
Commission of the City and requests the Planning Commission's written opinion indicating
whether the proposed Plans are in accordance with the Comprehensive Plan of the City, prior to
the date of the public hearing.
3. The Executive Director of the EDA is hereby directed to submit a copy of the Plans to the
Council for its approval.
4. The EDA directs the Executive Director to transmit the Plans to the county and the school
district(s) in which the Ellipse on Excelsior Tax Increment Financing District is located not later
than December 19, 2008.
EDA Resolution No. 08-17 -2-
'and consultants are authorized and directed to take all steps necessary to prepare the Plan
related documents and to undertake other actions necessary to bring the Plan before the
Adopted by the Economic Development Authority
November 17, 200
Hesident
Attest