HomeMy WebLinkAbout96-10 - ADMIN Resolution - Economic Development Authority - 1996/11/04RESOLUTION NO. 9G-10
RESOLUTION OF THE ST. LOUIS PARK ECONOMIC DEVELOPMENT AUTHORITY
AUTHORIZING APPLICATION FOR THE TAX BASE REVITALIZATION ACCOUNT
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WHEREAS, the City of St. Louis Park is a participant in the Livable Communities Act's
Housing Incentives Program for 1996 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 is also eligible to make
application for such funds and has identified a clean-up project within the City that meets the Tax
Base Revitalization account's purpose(s) and criteria; and
WHEREAS, the Economic Development Authority has the institutional, managerial and
financial capability to ensure adequate project administration; and
WHEREAS, the Economic Development Authority certifies that it will comply with all
applicable laws and regulations as stated in the contract agreements; and
WHEREAS, the St. Louis Park Economic Development Authority agrees to act as legal
sponsor for the project contained in the Tax Base Revitalization grant application submitted on
November 15, 1996.
BE IT FURTHER RESOLVED that the Executive Director is hereby authorized to apply
to the Metropolitan Council for this funding on behalf of the St. Louis Park Economic
Development Authority and to execute such agreements as are necessary to implement the project
on behalf of the applicant.
Approved by the Economic Development Authority on November 4, 1996
ATTEST:
Se retary
Reviewed for administration:
xecutive Director
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