HomeMy WebLinkAbout23-010 - ADMIN Resolution - Economic Development Authority - 2023/04/17EDA Resolution No. 23-10
Resolution authorizing application for the Metropolitan Council Tax Base
Revitalization Account on behalf of the Wooddale Station Redevelopment
Whereas, the City of St. Louis Park is a participant in the Livable Communities Act's
Housing Incentives Program for 2023 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 (Authority) has identified
a contamination 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 Authority has the institutional, managerial and financial capability to
ensure adequate project administration; and
Whereas, the Authority certifies that it will comply with all applicable laws and
regulations as stated in the contract agreements; and
Whereas,, the Authority 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 Authority agrees to act as legal sponsor for the project contained in the
Tax Base Revitalization Account grant application submitted on May 1, 2023;
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 Authority and to execute such agreements as are necessary to implement the
project on behalf of the applicant.
Reviewed for administration: Adopted by the Economic Development
Authority April 17, 2023
Karen Barton, executive director Nadia Mohamed, president
Attest:
Melissa Kennedy, city clerk
DocuSign Envelope ID: 2262773C-E2B7-4F78-855E-B65728EA2E42