HomeMy WebLinkAbout97-09 - ADMIN Resolution - Economic Development Authority - 1997/07/21THE ECONOMIC DEVELOPMENT AUTHORITY OF
THE CITY OF ST. LOUIS PARK
RESOLUTION # 7 F — ® 9 1
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 REDEVELOPMENT PROJECT NO.
1 AND THE MODIFICATION OF THE TAX INCREMENT
FINANCING PLANS FOR THE EXCELSIOR BOULEVARD, 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 "EDA") AS
FOLLOWS:
WHEREAS, the City Council ("the Council") of the City of St. Louis Park, Minnesota (the "City") created
Redevelopment Project No. 1 pursuant to Minnesota Statutes, Sections 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 EDA is proposing to modify the Redevelopment Plan for Redevelopment Project No. 1 and
the modify the Tax Increment Financing Plans for the Excelsior Boulevard, Oak Park Village and Highway 7 Tax
Increment Financing Districts, (collectively, the "Plans") pursuant to and in accordance with Minnesota Statutes,
Sections 469.090 through 469.1081 and Sections 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 EDA hereby requests that the Council call for a public hearing on September 2, 1997 to consider the
proposed modification of Plans and cause notice of said public hearing to be given as required by law.
2. The EDA 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 EDA is hereby directed to submit a copy of the Plans to the Council for its
approval.
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4. The EDA directs the Executive Director to transmit the Plans to the county and the school district(s) in which
the Excelsior Boulevard, Oak Park Village and Highway 7 Tax Increment Financing Districts are located not
later than August 1, 1997.
Approved by the Board this 21st day of July, 1997.
ATTEST:
xecutive Director
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