HomeMy WebLinkAbout96-01 - ADMIN Resolution - Economic Development Authority - 1996/01/16THE ECONOMIC DEVELOPMENT AUTHORITY OF
THE CITY OF ST. LOUIS PARK
RESOLUTION # EDA 96-01
RESOLUTION OF THE ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF ST.
LOUIS PARK, MINNESOTA REQUESTING THE CITY COUNCIL OF THE CITY OF ST.
LOUIS PARK TO CALL FOR A PUBLIC HEARING ON THE MODIFICA'T'ION OF THE
REDEVELOPMENT PLAN FOR THE ESTABLISHMENT OF THE VICTORIA PONDS TAX
INCREMENT FINANCING DISTRICT (A REDEVELOPMENT DISTRICT).
BE rr RESOLVED BY THE BOARD OF COMMISSIONERS (the "Board") OF THE ECONOMIC DEVELOPMENT
AUTHORITY OF THE CITY OF ST. LOUIS PARK, MINNESOTA (the "Authority") AS FOLLOWS:
WHEREAS, the City Council ("the Council") of the City of St. Louis Park, Minnesota (the "City') created its
Redevelopment Project pursuant to Minnesota Statutes, Section 469.090 through 469.1081, inclusive, as amended, in
an effort to encourage the development and redevelopment of certain designated areas within the City; and
WHEREAS; the Authority proposes to modify the Redevelopment Plan for its Redevelopment Project and adopt
the Tax Increment Financing Platt for the Victoria Ponds Tax Increment Financing District (together, the "Plans"),
pursuant to and in accordance with Minnesota Statutes, Sections 469.090 through 469.1081 and 469.174 through
469.179, inclusive, as amended;
NOW, THEREFORE, be it resolved by the Board of Commissioners of the Economic Development Authority
of the City of St. Louis Park, Minnesota as follows:
1. The Authority hereby requests that the Council call for a public hearing to consider the proposed modifications
to the Redevelopment Plan and the adoption of the Tax Increment Financing Plan on March 18, 1996 and to
cause notice of said public hearing to be given as required by law.
2. The Authority directs the Executive Director to transmit copies of die 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 Authority is hereby directed to submit a copy of the Plans to the Council for its
approval.
4. The Authority directs the Executive Director to transmit the Plans to the school district(s) in which the Victoria
Ponds Tax Increment Financing District is located and to the County not later than February 9, 1996.
Approved by the Board January 16, 1996.
ATTEST:
Jam..., "
Vice— president