HomeMy WebLinkAbout99-09 - ADMIN Resolution - Economic Development Authority - 1999/08/16ST. LOUIS PARK ECONOMIC DEVELOPMENT AUTHORITY
EDA RESOLUTION NO. 99-9
RESOLUTION REQUESTING THE CITY COUNCIL OF THE CITY OF ST. LOUIS
PARK CALL FOR A PUBLIC HEARING ON THE ESTABLISHMENT OF THE
PARK COMMONS TAX INCREMENT FINANCING DISTRICT
(A REDEVELOPMENT 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 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 City is proposing the establishment of Park Commons 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 October 18, 1999 to
consider the proposed adoption of the Tax Increment Financing Plan for the Park Commons Tax
Increment Financing District (the "Plan") 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 Plan to the Planning
Commission of the City and requests the Planning Commission's written opinion indicating
whether the proposed Plan is 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 Plan to the Council
for its approval.
4. The EDA directs the Executive Director to transmit the Plan to the county and the school
district(s) in which the Park Commons Tax Increment Financing District is located not later than
September 17, 1999.
Reviewed for Administration:
xecutrve Director
Attest
S cretary
Adopted by the Economic Development
AuthoritAugust 1�6, 1999
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President