HomeMy WebLinkAbout16-10 - ADMIN Resolution - Economic Development Authority - 2016/05/02ST. LOUIS PARK ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION NO, 16-10
RESOLUTION AUTHORIZING APPLICATION FOR THE
METROPOLITAN COUNCIL TAX BASE REVITALIZATION ACCOUNT
ON BEHALF OF PARKWAY 25
WHEREAS, the City of St. Louis Park is a participant in the Livable Communities Act's Housing
Incentives Program for 2016 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 May 2, 2016;
` 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 Authority and to execute such agreements as
are ness y to implement the project on behalf of the applicant.
Reviewed f r Administration: Adopted by the Economic Development
Authority May 2, 2016
Thomas "alenlig,.Exe tive Director Anne Mavity, President
Attest:
Meli sa Kenn dy, Secretary