HomeMy WebLinkAbout15-22 - ADMIN Resolution - Economic Development Authority - 2015/10/19ST. LOUIS PARK ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION NO. 15-22
RESOLUTION AUTHORIZING APPLICATION FOR THE
METROPOLITAN COUNCIL TAX BASE REVITALIZATION ACCOUNT
ON BEHALF OF TJL DEVELOPMENT, LLC
FOR 4911 EXCELSIOR BOULEVARD
WHEREAS, the City of St. Louis Park is a participant in the Livable Communities Act's
Housing Incentives Program for 2015 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, 2015;
NOW, THEREFORE, BE IT RESOLVED that the President and Executive Director
eby authorized to apply to the Metropolitan Council for a Tax Base Revitalization
tt grant on behalf of the St. Louis Park Economic Development Authority and to execute
feements as are necessary to implement the project on behalf of the applicant.
Administration: Adopted by the Economic Development
Authority October 19, 2015
President
Attest
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Secr tar /