HomeMy WebLinkAbout99-08 - ADMIN Resolution - Economic Development Authority - 1999/08/02ST. LOUIS PARK ECONOMIC DEVELOPMENT AUTHORITY
EDA RESOLUTION # 99-8
RESOLUTION REQUESTING THE CITY COUNCIL OF THE CITY OF ST. LOUIS
PARK CALL FOR A PUBLIC HEARING ON THE MODIFICATION OF
REDEVELOPMENT PROJECT NO. 1 AND THE MODIFICATION OF THE PARK
CENTER BOULEVARD HOUSING TAX INCREMENT FINANCING DISTRICT,
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") established Redevelopment Project No. 1 and the Park Center Boulevard Housing Tax
Increment Financing District pursuant to Minnesota Statutes, Sections 469.090 through 469.108 1,
inclusive, as amended, in an effort to encourage the development and redevelopment of certain
designated areas within the City; and
WHEREAS, the City is proposing the modification of the Redevelopment Plan for
Redevelopment Project No. 1 and the modification of the Park Center Boulevard Housing Tax
Increment Financing District, 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 as follows:
The EDA hereby requests that the Council call for a public hearing on September 20, 1999 to
consider the proposed adoption of the Modification to the Redevelopment Plan for
Redevelopment Project No. 1 and the proposed adoption of the Tax Increment Financing Plan for
the Park Center Boulevard Housing Tax Increment Financing District (collectively, the
"Modifications") 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 Modifications to the Planning
Commission of the City and requests the Planning Commission's written opinion indicating
whether the proposed Modifications 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 Modifications to
the Council for its approval.
4. The EDA directs the Executive Director to transmit the Modifications to the county and the
school district(s) in which the Park Center Boulevard Housing Tax Increment Financing District
is located not later than August 20, 1999.
Revie ed for Administration:
Executive Director
Attest ,4
Sk5cretary
Adopted by the Eonomic Development
Authorit ugust 2,1999
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President