HomeMy WebLinkAbout21-107 - ADMIN Resolution - City Council - 2021/09/20Resolution No. 21-107
Resolution approving Laws 2021,
1st Special Session, Chapter 14, Article 9, Section 5,
relating to the transfer of pooled tax increment to the city’s
affordable housing trust fund
Whereas, Laws 2021, 1st Special Session, Chapter 14, Article 9, Section 5 (the “Special Law”),
and specifically Subdivision 1(c) of the Special Law, authorizes the City of St. Louis Park (the
“City”) or the St. Louis Park Economic Development Authority (the “Authority”) to transfer tax
increment accumulated for housing development purposes under Minnesota Statutes, Section
469.1763, Subdivision 2, paragraph (b) or (d), to the housing trust fund established by the City
under Minnesota Statutes, section 462C.16, for the purposes se t forth in the Special Law; and
Whereas, under the Special Law, the authority to make such transfers shall expire on December
31, 2026; and
Whereas, the authority granted under Subdivision 1(c) of the Special Law is effective upon
approval by a majority vote of the City Council, and filing a certificate with the Minnesota
Secretary of State, all in accordance with Minnesota Statutes, Section 645.021, subd. 2 and 3; and
Whereas, the City Council has determined that is in the best interest of the City and its
residents to approve the Special Law;
Now, therefore, be it resolved that:
1. The Special Law is hereby approved in all respects.
2. The city clerk is authorized and directed to file with the Secretary of State a certified
copy of this resolution and the appropriate certificate in the form prescribed by the State
Attorney General.
3. City staff are authorized and directed to take all actions necessary to implement the
Special Law and bring before this Council further proceedings as necessary to implement the
Special Law.
Reviewed for administration: Adopted by the City Council September 20, 2021
Kim Keller, city manager Jake Spano, mayor
Attest:
Melissa Kennedy, city clerk
DocuSign Envelope ID: 402C7C30-087D-4676-8909-28A20A44B188