HomeMy WebLinkAbout03-04 - ADMIN Resolution - Economic Development Authority - 2003/05/19EDA RESOLUTION NO. 03-04
RESOLUTION REQUESTING THE CITY COUNCIL OF THE CITY OF ST.
LOUIS PARK TO CALL FOR A PUBLIC HEARING ON A MODIFICATION
TO THE REDEVELOPMENT PLAN FOR REDEVELOPMENT PROJECT NO.
1 AND THE ESTABLISHMENT OF THE WOLFE LAKE COMMERCIAL 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 modification of the Redevelopment Plan for
Redevelopment Project No. 1, and the establishment of the Wolfe Lake Commercial 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:
1. The EDA hereby requests that the Council call for a public hearing on July, 7, 2003 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 Wolfe Lake Commercial 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 Wolfe Lake Commercial Tax Increment Financing District is located
not later than June 6, 2003.
Reviewed for Administration: Adopted by the Economic Development
Authority on May 19, 2003.
xefiTtive Director resident
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Attest:
Sddretary