HomeMy WebLinkAbout05-12 - ADMIN Resolution - Economic Development Authority - 2005/10/10EDA RESOLUTION NO. 05-12
RESOLUTION AUTHORIZING APPLICATION FOR THE
METROPOLITAN COUNCIL TAX BASE REVITALIZATION ACCOUNT
ON BEHALF OF REAL ESTATE RECYCLING
WHEREAS, the City of St. Louis Park is a participant in the Livable Communities
Act's Housing Incentives Program for 2005 as determined by the Metropolitan Council,
and is therefore eligible to make application for funds under the Tax Base Revitalization
Account; and
WHEREAS, the City of St. Louis Park Economic Development Authority has
identified a clean-up project within the City that meets the Tax Base Revitalization
account's purposes and criteria; and
WHEREAS, the City of St. Louis Park Economic Development Authority has the
institutional, managerial and financial capability to ensure adequate project administration;
and
WHEREAS, the City of St. Louis Park Economic Development Authority certifies
that it will comply with all applicable laws and regulations as stated in the contract
agreements; and
WHEREAS, the City of St. Louis Park Economic Development Authority agrees to
act as legal sponsor for the project contained in the Tax Base Revitalization Account grant
application submitted on or before November 1, 2005;
NOW, THEREFORE, BE IT RESOLVED that the President and Executive
Director are hereby authorized to apply to the Metropolitan Council for a Tax Base
Revitalization Account grant on behalf of the St. Louis Park Economic Development
Atoority and to execute such agreements as are necessary to implement the project on
behalf of the applicant.
for Administration: Adopted by the Economic Development
Authority October 10, 2005
to FPiesident
Attest
Secretary