HomeMy WebLinkAbout97-08 - ADMIN Resolution - Economic Development Authority - 1997/06/16RESOLUTION NO. EDA- 9 7 — i
RESOLUTION AUTHORIZING THE PREPARATION OF PLANS, SPECIFICATIONS,
RECEIPT OF BIDS AND CONSTRUCTION OF IMPROVEMENTS TO WOLFE PARK
AND THE COMPLETION OF A MARKET STUDY FOR TOWN CENTER AND THE
TRANSFER OF TAX INCREMENT OR DEVELOPMENT FUND DOLLARS
TO DEFRAY THE COST OF SAID ACTIVITIES
WHEREAS, THE ST. LOUIS PARK ECONOMIC DEVELOPMENT AUTHORITY
desires to have the City of St. Louis Park undertake the preparation of pians, specifications,
receipt of bids and construction of improvements to Wolfe Park and a market study for Town
Center to take advantage of the City's expertise and staff resources to complete said activities in a
timely and cost efficient manner;
WHEREAS, the preliminary estimated cost of the Phase I improvements to Wolfe Park is
$835,000. The estimated cost of the market study for Town Center is $48,000.
NOW, THEREFORE BE IT RESOLVED that the St. Louis Park Economic Development
Authority formally authorizes the preparation of plans and specifications for all phases of the
improvements to Wolfe Park and the receipt of bids and construction of certain Phase I
improvements to Wolfe Park and the completion of the market study for Town Center. Tax
Increment or Development Fund dollars are authorized to be transferred as necessary to the City
to defray the cost of the work to be completed.
Adopted by the St. Louis Park Economic Development Authority
ATTEST:
I Executive Director
9343:GEN72