HomeMy WebLinkAbout14-02 - ADMIN Resolution - Economic Development Authority - 2014/05/05EDA RESOLUTION NO. 14-02
RESOLUTION AUTHORIZING APPLICATION FOR THE
METROPOLITAN COUNCIL TAX BASE REVITALIZATION ACCOUNT
ON BEHALF OF HILLCREST
WHEREAS, the City of St. Louis Park is a participant in the Livable Communities Act's
Housing Incentives Program for 2014 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 finds that the
required contamination cleanup will not occur through private or other public investment within
the reasonably foreseeable future without Tax Base Revitalization Account grant funding; 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 May 1, 2014;
NOW, THEREFORE, BE IT RESOLVED that the EDA President and Executive
Director are hereby authorized to apply to the Metropolitan Council for a Tax Base
Revitalization Account grant on behalf of the St. Louis Park Economic Development Authority
and to execute such agreements as are necessary to implement the project on behalf of the
Attest /"� /� �,
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Se e�tary
Adopted by the Economic Development
Authority, May 5, 2014
President