HomeMy WebLinkAbout00-05 - ADMIN Resolution - Economic Development Authority - 2000/02/07EDA RESOLUTION NO. 00-05
RESOLUTION REQUESTING THE CITY COUNCIL OF THE CITY OF ST. LOUIS PARK
TO CALL FOR A PUBLIC HEARING ON THE MODIFICATION OF REDEVELOPMENT
PROJECT NO. 1, MODIFICATION OF THE OAK PARK VILLAGE TAX INCREMENT
FINANCING DISTRICT AND THE ESTABLISHMENT OF THE MILL CITY 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:
WI-IEREAS, 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 modification of the Redevelopment Plan for
Redevelopment Project No. 1, the modification to the Tax Increment Financing Plan for the Oak Park
Village Tax Increment Financing District, and the establishment of the Mill City 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;
WHEREAS, the Modification of the Oak Park Village Tax Increment Financing District includes
the removal of a parcel to be included in the Mill City Tax Increment Financing District.
NOW, THEREFORE BE IT RESOLVED by the Board as follows:
1. The EDA hereby requests that the Council call for a public hearing on March 20, 2000 to
consider the proposed adoption of the Modification to the Redevelopment Plan for
Redevelopment Project No. 1, the proposed adoption of the modification to the Tax Increment
Financing Plan for the Oak park Village Tax Increment Financing District, and the proposed
adoption of the Tax Increment Financing Plan for.the Mill City Tax Increment Financing District
(collectively, the "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.
4. The EDA directs the Executive Director to transmit the Plans to the county and the school
district(s) in which the Mill City Tax Increment Financing District is located not later than
February 18, 2000.
Approved by the Board of Commissioners of the St. Louis Park Economic Development Authority
this 7h day of February, 2000.
Review e for Administration:
xecutive Director President
Sec etary