HomeMy WebLinkAbout03-09 - ADMIN Resolution - Economic Development Authority - 2003/08/04ST. LOUIS PARK ECONOMIC DEVELOPMENT AUTHORITY
CITY OF ST. LOUIS PARK
EDA RESOLUTION NO. 03-09
RESOLUTION REQUESTING THE CITY COUNCIL
OF THE CITY OF ST. LOUIS PARK CALL FOR A PUBLIC HEARING ON A
PROPOSED MODIFICATION TO THE REDEVELOPMENT PLAN FOR
REDEVELOPMENT PROJECT NO. 1, THE PROPOSED ESTABLISHMENT
OF THE EDGEWOOD TAX INCREMENT FINANCING DISTRICT
(A SOILS DISTRICT), AND THE PROPOSED ADOPTION OF A
TAX INCREMENT FINANCING PLAN
BE IT RESOLVED, by the Board of Commissioners (the "Board") of the St. Louis Park
Economic Development Authority, 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
469.174 to 469.1799, inclusive, as amended, in an effort to encourage the development and
redevelopment of certain designated areas within the City; and
WHEREAS, the EDA is proposing a Modification to the Redevelopment Plan for
Redevelopment Project No. 1, and the establishment of the Edgewood Tax Increment Finance
District, pursuant to, and in accordance with, Minnesota Statutes, Sections 469.090 to 469.1082
and Sections 469.174 to 469.1799, 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 September 15,
2003 to consider the proposed adoption of a Modification to the Redevelopment Plan for
Redevelopment Project No. 1, and the adoption of a TIF Plan for the Edgewood TIP
District (referred to herein as 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 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 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 Edgewood TIF District is located no later than August 15, 2003.
5. Staff and consultants are authorized and directed to take all steps necessary to prepare the
Plan and related documents and to undertake other actions necessary to bring the Plan
before the Council.
EDA Resolution No. 03-09 -2-
Approved by the Board of Commissioners of the St. Louis Park Economic Development
Authority this 4"' day of August, 2003.
Reviewed for Administration:
Executive Director President
ATTEST:
Secretary