HomeMy WebLinkAbout13-04 - ADMIN Resolution - Economic Development Authority - 2013/05/06ST. LOUIS PARK ECONOMIC DEVELOPMENT AUTHORITY
EDA RESOLUTION NO. 13-04
RESOLUTION AUTHORIZING APPLICATION FOR THE
METROPOLITAN COUNCIL TAX BASE REVITALIZATION ACCOUNT
ON BEHALF OF ELIOT PARK APARTMENTS, LLC
WHEREAS, the City of St. Louis Park is a participant in the Metropolitan Livable
Communities Act Local Housing Incentives Program for 2013 as determined by the Metropolitan
Council, and is therefore eligible to apply for Tax Base Revitalization Account funds; and
WHEREAS, the City has identified a contamination cleanup project within the City that
meets the Tax Base Revitalization Account's purposes and criteria; and are consistent with and
promote the purposes of the Metropolitan Livable Communities Act and the policies of the
Metropolitan Council's adopted metropolitan development guide; and
WHEREAS, the City has the institutional, managerial and financial capability ensure
adequate project administration; and
WHEREAS, the City certifies that it will comply with all applicable laws and regulations
as stated in the grant agreement; 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, 2013;
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 behalf of the St. Louis Park Economic Development Authority and to execute such
agr�ents as are necessary to implement the project on behalf of the applicant.
Administration: Adopted by the Economic Development
Authority , May 6 2013
for 4resideld
Attest
C/ Secretary