HomeMy WebLinkAbout90-2 - ADMIN Resolution - Economic Development Authority - 1990/02/20fV1CP0F1LMFD
RESOLUTION NO. EDA -90--2
RESOLUTION CALLING PUBLIC HEARING ON THE PROPOSED
MODIFICATION BY THE ECONOMIC DEVELOPMENT AUTHORITY
OF THE HIGHWAY 7 DEVELOPMENT DISTRICT AND
MODIFICATION OF THE DEVELOPMENT PROGRAM FOR THE
HIGHWAY 7 DEVELOPMENT DISTRICT; THE PROPOSED
MODIFICATION OF THE TAX INCREMENT PLAN FOR TAX
INCREMENT FINANCING DISTRICT NO. 85-1; THE PROPOSED
MODIFICATION OF THE EXCELSIOR BOULEVARD
REDEVELOPMENT PROJECT AND MODIFICATION OF THE
EXCELSIOR BOULEVARD REDEVELOPMENT PLAN; THE PROPOSED
ADOPTION OF THE TAX INCREMENT FINANCING PLAN FOR THE
EXCELSIOR BOULEVARD TAX INCREMENT FINANCING
DISTRICT; THE PROPOSED MODIFICATION OF THE OAK PARK
VILLAGE REDEVELOPMENT PROJECT AND MODIFICATION OF
THE OAK PARK VILLAGE REDEVELOPMENT PLAN; AND THE
PROPOSED ADOPTION OF THE TAX INCREMENT FINANCING
PLAN FOR THE OAK PARK VILLAGE TAX INCREMENT
FINANCING DISTRICT;
BE IT RESOLVED by the St. Louis Park Economic Development
Authority (the "EDA"), as follows:
Section 1. Public Hearing_. The EDA shall meet on the 19th
day of March, 1990, at approximately 7:00 p.m., to hold a public
hearing on the following matters: (a) the proposed modification
by and increase in the geographical area of the Highway 7
Development District, together with modifications to the
Development Program for the Highway 7 Development District to
reflect such geographical changes; (b) the Proposed modification
by an increase in project costs of the Tax Increment Financing
District No. 85-1; (c) the proposed modification by an i-ncr-ease
in geographical area of the Excelsior Boulevard Redevelopment
Project, together with modification to the Excelsior Boulevard
Redevelopment Plan to reflect such geographic changes; (d) the
proposed adoption of the Tax Increment Financing Plan for the
Excelsior Boulevard Tax Increment Financing District; (e) the
proposed modification by an increase in geographical area of the
Oak Park Village Redevelopment Plan; and (f) the proposed
adoption of the Tax Increment Financing Plan for the Oak Park
Village Tax Increment Financing District _;__al l nu zuz-nt_t4--and in
accordance with Minn.e.sota_statut_e._5-, Sections 469.124-134,
inclusive, as amended, and Minnesota Statutes, Sections
469.174-179, inclusive, as amended, and Minne o a Statutes,
Sections 469.001-047, inclusive, as amended.
Section 2. Ngtice_of Hcurinq; Fi�ing_Qf program. The
Executive Director, is authorized and directed to cause notice of
the hearing, substantially in the form attached hereto as
Exhibit A, to be given as required by law, to place a copy of the
proposed Modified Development Programs, proposed Modified
Redevelopment Plans, and Tax Increment Financing Plans
for Tax Increment Financing District No. 85-1 and the Excelsior
Boulevard and Oak Park Village Tax Increment Financing Districtm
on file in the Executive Director's Office at City Hall and
make such copy available for inspection by the public.
Adopted by the St. Louis Park Economic Development Authority on
February 20, 1990.
v
President
ATTEST:
C, i0/ Xe; -21A
William C. Dixon
Executive Director
(SEAL)
ZJSS/52
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