HomeMy WebLinkAbout96-07 - ADMIN Resolution - Economic Development Authority - 1996/08/05THE ECONOMIC DEVELOPMENT AUTHORITY OF
THE CITY OF ST. LOUIS PARK
RESOLUTION # EDA 96-07
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 MODIFICATION OF THE
REDEVELOPMENT PLAN FOR THE MODIFICATION OF THE
EXCELSIOR, OAK PARK VILLAGE, AND HIGHWAY 7 TAX
INCREMENT FINANCING DISTRICTS.
BE IT 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 Redevelopment Plan for the
Redevelopment Project and modify the Tax Increment Financing plans for the Excelsior, Oak
Park Village, and Highway 7 Tax Increment Financing Districts (together, the "Plans") pursuant
to and in accordance with Minnesota Statutes, Sections 469.090 through 469.1081 and
Minnesota Statutes 469.174 to 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 modification to the Plans on September 16, 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 the 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 Redevelopment Project No. 1 and the Excelsior, Oak Park Village and Highway
7 Tax Increment Financing Districts are located and to the County not later than August
15, 1996.
Approved by the Board this 5th day of August, 1996.
ATTEST:
xecutive Director
7936:GEN64