HomeMy WebLinkAbout99-06 - ADMIN Resolution - Economic Development Authority - 1999/07/06RESOLUTION NO. EDA 99-6
RESOLUTION AUTHORIZING THE CITY OF ST. LOUIS PARK
TO UNDERTAKE IMPROVEMENT PROJECT NO. 99-11 AND THE
TRANSFER OF TAX INCREMENT FUNDS TO DEFRAY THE COST OF
SAID PROJECT
WHEREAS, the St. Louis Park Economic Development Authority desires to undertake
the demolition and/or relocation of structures which it owns in the Park Commons redevelopment
area along with other related activities; and
WHEREAS, the estimated cost for said project is at or above $500,000; and
WHEREAS, the St. Louis Park Economic Development Authority desires to have the City
of St. Louis Park to undertake this project to take advantage of the City's expertise and staff
resources to complete said project in a timely and cost efficient manner.
NOW, THEREFORE BE IT RESOLVED that the St. Louis Park Economic Development
Authority formally authorizes the City of St. Louis Park to prepare plans and specifications and
advertise for bids associated with the demolition and/or relocation of certain structures in the Park
Commons area, related utility and street removals/grading activities and to allow for the transfer
of tax increment to defray the cost of said project.
Reviewed for Administration: Adopted by the Eonomic Development
Authority July 6, 1999
Executive Director
Attest
S cretary
President