HomeMy WebLinkAbout17-05 - ADMIN Resolution - Economic Development Authority - 2017/04/03ST. LOUIS PARK ECONOMIC DEVELOPMENT AUTHORITY
EDA RESOLUTION NO. 17-05
f RESOLUTION REQUESTING THE CITY COUNCIL OF ST. LOUIS PARK
\. CALL FOR A PUBLIC HEARING ON THE MODIFICATION OF
REDEVELOPMENT PROJECT NO.1 AND THE ESTABLISHMENT OF THE
ELMWOOD APARTMENTS TAX INCREMENT FINANCING DISTRICT
BE IT RESOLVED, by the Board of Commissioners (the "Board") of the St. Louis Park
Economic Development Authority (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 (the "Project") pursuant to Minnesota Statutes,
Sections 469.090 to 469.1082, inclusive, as amended (the "EDA Act"), in an effort to encourage
the development and redevelopment of certain designated areas within the City, and transferred
the administration of the Project to the EDA; and
WHEREAS, the EDA is proposing a modification of the Redevelopment Plan for the Project
and the establishment of the Elmwood Apartments Tax Increment Financing District within the
Project, pursuant to and in accordance with the EDA Act and Minnesota Statutes, Sections 469.174
to 469.1794, 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 on May 15, 2017 to
consider the proposed adoption of a Modification to the Redevelopment Plan for the Project
and the proposed adoption of the Tax Increment Financing Plan for the Elmwood Apartments
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 in which the Elmwood Apartments Tax Increment Financing District is located not
later than April 14, 2017.
5. Staff and consultants are authorized and directed to take all steps necessary to prepare the
Plans and related documents and to undertake other actions necessary to bring the Plans before
the Council.
Revited for Administration:
Thoma en Executive Director
Attest:
4ela KenAdy, cretary
Adopted by the Economic Development Authority
April 3, 2017
Anne Mavity, President