HomeMy WebLinkAbout00-17 - ADMIN Resolution - Economic Development Authority - 2000/11/20THE ECONOMIC DEVELOPMENT AUTHORITY OF
THE CITY OF ST. LOUIS PARK
EDA RESOLUTION NO. 00-17
RESOLUTION REQUESTING THE CITY COUNCIL OF THE CITY OF ST. LOUIS
PARK TO 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 the 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 January 2, 2001 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 in which the Park Commons Tax Increment Financing District is located not later than
November 29, 2000
Reviewed for Administration: Adopted by the Economic Development
Authority November 20, 2000.
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ExecutiveDirector President
Attest:
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