HomeMy WebLinkAbout17-09 - ADMIN Resolution - Economic Development Authority - 2017/04/17ST. LOUIS PARK ECONOMIC DEVELOPMENT AUTHORITY
EDA RESOLUTION NO. 17-09
1 RESOLUTION AUTHORIZING APPLICATION FOR THE
METROPOLITAN COUNCIL TAX BASE REVITALIZATION ACCOUNT
ON BEHALF OF PLACE
WHEREAS, the City of St. Louis Park is a participant in the Livable Communities Act's
Local Housing Incentives Account Program for 2017 as determined by the Metropolitan Council,
and is therefore eligible to make application for funds under the Tax Base Revitalization Account;
and
WHEREAS, the St. Louis Park Economic Development Authority ("EDA") has identified
a clean-up project within the City that meets the Tax Base Revitalization account's purposes and
criteria and are consistent with and promote the purposes of the Metropolitan Livable Communities
Act and the policies of the Metropolitan Council's adopted metropolitan development guide; and
WHEREAS, the St. Louis Park EDA has the institutional, managerial and financial
capability to ensure adequate project administration; and
WHEREAS, the St, Louis Park EDA certifies that it will comply with all applicable laws
and regulations as stated in the contract agreements; and
WHEREAS the St. Louis Park EDA finds that the required contamination cleanup will
not occur through private or other public investment within the reasonably foreseeable future
without Tax Base Revitalization Account grant funding; and
WHEREAS the St. Louis Park EDA represents that it has undertaken reasonable and good
faith efforts to procure funding for the activities for which Livable Communities Act Tax Base
Revitalization Account funding is sought but was not able to find or secure from other sources
funding that is necessary for cleanup completion and states that this representation is based on the
following reasons and supporting facts.
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 and, if the St. Louis Park EDA is awarded a Tax Base Revitalization Account grant for this
project, the EDA will be the grantee and agrees to act as legal sponsor to administer and be
responsible for grant funds expended for the project contained in the Tax Base Revitalization grant
application submitted on May 1, 2017.
Reviewed for Administration: Adopted by the Economic Development
Authority, April 17, 2017
Thomas K. in Executive Director Anne Mavity, President
Attest
4Meliisa Kennedy, Secretary