HomeMy WebLinkAbout22-16 - ADMIN Resolution - Economic Development Authority - 2022/05/16EDA Resolution No. 22-16
Resolution of support of an application for a Hennepin County Transit Oriented
Development (TOD) grant submitted by Sherman Associates for redevelopment
at 4601 and 4725 Hwy. 7 and 3130 Monterey Ave. S.
Whereas, the St. Louis Park Economic Development Authority (Authority) acknowledges
the Hennepin County Board of Commissioners has authorized approximately $2.2 million for
transit-oriented development (TOD) projects; and
Whereas, Sherman Associates 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 redevelopment project at 4601 and 4725 Hwy. 7 and 3130 Monterey Ave. S.
in the City of St. Louis Park; and
Whereas, the Hennepin County Transit Oriented Development Program Guidelines
require support by the Authority for submission of a grant application to the Hennepin County
Transit Oriented Development Program; and
Now therefore be it resolved that the Authority, in accordance with Minnesota Statutes
383B.77, subd. 3., supports the submission of a Transit Oriented Development Program grant
application to the Hennepin County Housing and Redevelopment Authority by Sherman
Associates for its proposed development.
Reviewed for administration: Adopted by the Economic Development
Authority May 16, 2022
Karen Barton, executive director Margaret Rog, president
Attest:
Melissa Kennedy, secretary
DocuSign Envelope ID: 8EBAFC20-E7E2-4807-A0D2-C51D8456BAC5