HomeMy WebLinkAbout04-02 - ADMIN Resolution - Economic Development Authority - 2004/05/03ST. LOUIS PARK ECONOMIC DEVELOPMENT AUTHORITY
EDA RESOLUTION NO. 04-02
RESOLUTION REQUESTING THE CITY COUNCIL OF THE CITY OF
ST. LOUIS PARK CALL FOR A PUBLIC HEARING ON THE PROPOSED
MODIFICATION TO THE REDEVELOPMENT PLAN FOR
REDEVELOPMENT PROJECT NO. 1,
THE PROPOSED ESTABLISHMENT OF THE TALMUD TORAH
TAX INCREMENT FINANCING DISTRICT, AND THE PROPOSED ADOPTION
OF A TAX INCREMENT FINANCING PLAN THEREFOR
BE IT RESOLVED, by the Board of Commissioners (the 'Board") of the St. Louis Park
Economic Development Authority (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 Talmud Torah Tax Increment Finance
District therein and the adoption of a Tax Increment Financing Plan therefore, 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 August 2, 2004, to
consider the proposed adoption of a Modification to the Redevelopment Plan for
Redevelopment Project No. 1 (the 'Redevelopment Plan Modification") and the proposed
adoption of a Tax Increment Financing Plan (the 'TIF Plan") for establishment of the Talmud
Torah TIF District (the Redevelopment Plan Modification, and TIF Plan are referred to
collectively herein as 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 in which the Talmud Torah TIF District is located no later than July 2, 2004.
5. Staff and consultants are authorized and directed to take all steps necessary to prepare the
Plans and related documents and to undertake other actions necessary to bring the Plans
before the Council.
EDA Resolution No. 04-02 -2-
Approved by the Board of Commissioners of the St. Louis Park Economic Development
Autlprit-X this 3`d day of May 2004.
Administration:
Executive
ATTEST:
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Sa4retary
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President