HomeMy WebLinkAbout15-19 - ADMIN Resolution - Economic Development Authority - 2015/10/05ST. LOUIS PARK ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION NO. 15-19
RESOLUTION REQUESTING THE CITY COUNCIL OF THE CITY OF ST.
LOUIS PARK CALL FOR A PUBLIC HEARING ON THE MODIFICATION OF
REDEVELOPMENT PROJECT NO. 1 AND THE ESTABLISHMENT OF THE
4900 EXCELSIOR TAX INCREMENT FINANCING DISTRICT
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 (the "Project") pursuant to Minnesota Statutes,
Sections 469.090 to 469.1082, inclusive, as amended (the "EDA Act"), in an effort to encourage
the development and redevelopment of certain designated areas within the City, and transferred
the administration of the Project to the EDA; and
WHEREAS, the EDA is proposing a modification of the Redevelopment Plan for the
Project and the establishment of the 4900 Excelsior Tax Increment Financing District within the
Project, pursuant to and in accordance with the EDA Act and Minnesota Statutes, Sections
469.174 to 469.1794, 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 November 16, 2015
to consider the proposed adoption of a Modification to the Redevelopment Plan for the
Project and the proposed adoption of the Tax Increment Financing Plan for the 4900
Excelsior 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 in which the 4900 Excelsior Tax Increment Financing District is located not later
than October 16, 2015.
5.ff and consultants are authorized and directed to take all steps necessary to prepare the
an and related documents and to undertake other actions necessary to bring the Plan before
th Council.
Administration: Adopted by the Economic Development
Authority on October 5, 2015
President
Attest:
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Secretary