HomeMy WebLinkAbout04-12 - ADMIN Resolution - Economic Development Authority - 2004/10/18EDA RESOLUTION NO. 04-11
RESOLUTION AUTHORIZING APPLICATION FOR THE
METROPOLITAN COUNCIL TAX BASE REVITALIZATION ACCOUNT
ON BEHALF OF 4100 VERNON DEVELOPERS, LLC
WHEREAS, the City of St. Louis Park is a participant in the Livable Communities Act's
Housing Incentives Program for 2004 as determined by the Metropolitan Council, and is
therefore eligible to make application for funds under the Tax Base Revitalization Account; and
WHEREAS, the City of St. Louis Park Economic Development Authority has identified a clean-
up project within the City that meets the Tax Base Revitalization account's purposes and criteria;
and
WHEREAS, the City of St. Louis Park Economic Development Authority has the institutional,
managerial and financial capability to ensure adequate project administration; and
WHEREAS, the City of St. Louis Park Economic Development Authority certifies that it will
comply with all applicable laws and regulations as stated in the contract agreements; and
WHEREAS, the City of St. Louis Park Economic Development Authority agrees to act as legal
sponsor for the project contained in the Tax Base Revitalization Account grant application
submitted on November 1, 2004;
NOW, THEREFORE, BE IT RESOLVED that the President and Executive Director are hereby
authorized to apply to the Metropolitan Council for a Tax Base Revitalization Account grant on
beha5_a the St. Louis Park Economic Development Authority and to execute such agreements
as )e necee ary to implement the project on behalf of the applicant.
Administration: Adopted by the Economic Development
Authority October 18, 2004
Attest Q
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