HomeMy WebLinkAbout99-04 - ADMIN Resolution - Economic Development Authority - 1999/04/19EDA RESOLUTION NO. .
RESOLUTION AUTHORIZING APPLICATION FOR THE METROPOLITAN
COUNCIL TAX BASE REVITALIZATION ACCOUNT ON BEHALF OF PARK LAND
COMPANY AND FERN HILL PLACE REDEVELOPMENT PROJECT
WHEREAS the City of St. Louis Park is a participant in the Livable Communities Act's Housing
Incentives Program for 1999 as determined by the Metropolitan Council, and is therefore eligible
to make application for funds under the Tax Base Revitalization Account; and
WHEREAS the City of St. Louis Park Economic Development Authority has identified a clean-
up project within the City that meets the Tax Base Revitalization account's purpose/s and criteria;
and
WHEREAS the City of St. Louis Park Economic Development Authority has the institutional,
managerial and financial capability to ensure adequate project administration; and
WHEREAS the City of St. Louis Park Economic Development Authority certifies that it will
comply with all applicable laws and regulations as stated in the contract agreements; and
WHEREAS the City of 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
May 1, 1999;
BE IT FURTHER RESOLVED that the President and Executive Director are 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.
Reviewed for Administration:
Gf/
xecutive Director
Attest
cretary
Adopted by the Eonomic Development